Cathay Life Insurance approves $100m commitment

The Taiwan-based insurance company has backed a North American subordinated debt fund.

Institution: Cathay Life Insurance
Headquarters: Taipei, Taiwan
AUM: NT$6.63 trillion

Cathay Life Insurance has approved a $100 million commitment to Ares Private Credit Solutions II. The fund is managed by Ares Management and has a target of $4 billion.

As illustrated below, the Taiwanese insurer’s recent private debt commitments have been mainly to senior, subordinated and distressed debt funds focused on investments in the corporate and infrastructure sectors across various regions.

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