Taiwanese conglomerate Cathay Financial Holdings’ insurance unit, Cathay Life Insurance, has committed a total of $30 million in capital to US-based StepStone Group’s latest secondary fund, per a regulatory filing seen by DealStreetAsia.
The fund, dubbed StepStone Secondary Opportunities Fund V, is the firm’s 2022 vintage and fifth secondary fund which saw a first close of over $1 billion during the second quarter of last year.