Taiwan’s Fubon Life to invest up to $70m in PSG’s sixth growth fundPSG, which is in the market to raise a $6.5 billion fund, plans to tap growth-stage…

Fubon Life Insurance, the insurance unit of Taiwanese financial conglomerate Fubon Financial Holdings, has committed to invest up to $70 million in the latest flagship fund of PSG, a US private equity firm.

Fubon Financial said in a recent filing this week that its insurance arm will take around 1.1% stake in PSG VI, the sixth growth fund of PSG.