Cathay Life Insurance confirms $50m commitment

The Taiwanese insurer has backed Crescent Capital Group's third direct lending fund.

Institution: Cathay Life Insurance
Headquarters: Taipei, Taiwan
AUM: NT$6.95 trillion

Cathay Life Insurance has approved a $50 million commitment to Crescent Direct Lending Fund III. The vehicle is managed by Crescent Capital Group and will focus on direct lending opportunities to private equity-backed mid-market companies in the US.

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 sector across various regions.

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