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…