Taiwan’s Cathay Life Insurance commits $60m to US-based Genstar Capital’s Fund X
Taipei 101, Taipei, Taiwan. Source: Vernon Raineil Cenzon/Unsplash
Cathay Life Insurance, a unit of Taiwan-based financial conglomerate Cathay Financial, has approved a commitment of $60 million to Genstar Capital Partners X, a mid-market fund managed by San Francisco-based buyout firm Genstar Capital.
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The insurer has previously invested in Clayton, Dubilier & Rice, TPG Growth and CVC Capital funds.
The fund had raised $12b as on September 2020, WSJ had reported.
