Fubon Hyundai Life Insurance approves $40m in commitment

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

Institution: Fubon Hyundai Life Insurance
Headquarters: Seoul, South Korea
AUM: 9.74 trillion won
Allocation to alternatives: 6.4%

Fubon Hyundai Life Insurance has agreed to commit $40 million to KB Private Overseas Real Estate No. 15. The fund is managed by KB Asset Management.

As illustrated below, the 9.74 trillion won ($8.23 billion; €7.09 billion) South Korean insurance company has made four commitments to private real estate funds with a 2021 vintage.

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