The insurance subsidiary of financial services provider Fubon has acquired a 0.65% stake in Tiger Global’s XV fund after a similar deal for its IV vehicle earlier this year.

Financial services group Fubon disclosed on Monday that its Fubon Life Insurance subsidiary will commit up to $65m to a fund being raised by US-based investment firm Tiger Global Management.

Fubon Life will acquire a 0.65% stake in Tiger Global Private Investment Partners XV Feeder Limited Partnership through the deal, having revealed another $65m commitment to Tiger Global Private Investment Partners IV in February this year.

Founded in 2001, Tiger Global invests in both private and public companies globally…

Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.