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StepStone receives commitment from China Life (Taiwan)

The Taiwanese life insurance has backed StepStone's fourth flagship secondaries fund.

Institution: China Life Insurance Company (Taiwan)
Headquarters: Taipei, Taiwan
AUM: TWD1.96trn
Bitesize: $10-50m

China Life Insurance Company (Taiwan) has agreed to commit $20 million to StepStone Secondary Opportunities Fund IV. Cathay Life Insurance, Fubon Life Insurance and Taiwan Life Insurance have also committed to the fund.

As illustrated below, the Taiwanese investor has made four secondaries commitments from 2015, which combined constitutes $70 million.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.