Taiwan Life Insurance, which is part of Taiwanese financial firm CTBC Financial Holdings, has committed to invest a total of $40 million to funds managed by GGV Capital and HIG Capital, according stock exchange filings.
The Taiwanese insurer committed to invest $16 million to GGV Capital IX LP and another $4 million to a sidecar fund, GGV Capital IX Plus. It also disclosed a $20-million investment commitment to the HIG Middle Market LBO Fund IV of HIG Capital.