Taiwanese insurer Fubon Life commits $40m to StepStone’s latest PE fund

Taiwanese insurer Fubon Life commits $40m to StepStone’s latest PE fund

Photo: REUTERS/Beawiharta

Fubon Life Insurance, the insurance unit of Taiwanese financial conglomerate Fubon Financial Holdings, has proposed to commit $40 million in the latest fund managed by US-based investment firm StepStone Group.