Fubon Hyundai Life Insurance approves $40m commitment

The South Korean insurance company has backed a real estate debt fund.

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Institution: Fubon Hyundai Life Insurance
Headquarters: Seoul, South Korea
AUM: 17.8 trillion Korean won
Allocation to alternatives: 6.4%

Fubon Hyundai Life Insurance has agreed to commit $40 million to Koramco US Debt Strategy Private Real Estate Investment Trust No.18-2. The fund is managed by Koramco Asset Management.

As illustrated below, the 17.8 trillion Korean won ($16.0 billion; €13.1 billion) South Korean insurance company has a 2.97 percent allocation to private real estate investments.

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