Cathay Life Insurance approves €60m commitment

The Taiwanese life insurer has committed to Blackstone’s latest flagship real estate vehicle.

Institution: Cathay Life Insurance
Headquarters: Taipei, Taiwan
AUM: TWD6.42 trn
Allocation to real estate: 8.7%
Bitesize: $50-100m

Cathay Life Insurance has announced a €60 million commitment to Blackstone Real Estate Partners Europe VI. The TWD6.4 trillion Taiwanese life insurer allocates 8.7 percent of its portfolio to private real estate and has made several recent commitments to funds including TPG’s Real Estate Partners III.

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