Fubon Life Insurance approves $40m commitment

The Taiwan-based insurance company has backed StepStone's fourth real estate vehicle.

Institution: Fubon Life Insurance
Headquarters: Taipei, Taiwan
AUM: NT$4.79 trillion

Fubon Life Insurance has agreed to commit $40 million to StepStone Real Estate Partners IV Europe. The real estate vehicle is managed by StepStone Group and will target a diversified portfolio in Western Europe.

As illustrated in the chart below, Fubon Life Insurance’s recent commitments have focused on value added and opportunistic strategies.

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