Fubon Financial Holdings' insurance subsidiary is investing $20m in return for a 2.4% stake in BlueRun Ventures' BRV Lotus Fund III.
Fubon Hyundai Life Insurance, the insurance arm of Taiwan-based financial services conglomerate Fubon Financial Holdings, is backing BlueRun Ventures’ latest fund with $20m, DealStreetAsia reported yesterday.
The commitment would represent a stake of roughly 2.4% in the BRV Lotus Fund III fund which would put the vehicle’s total capitalisation at about $850m.
The firm’s BRV Lotus Fund II had closed at over $500m in 2016, a figure nearly triple the size of its predecessor, and focused on investments in China,…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
