Insurance firm Taiwan Life has provided $50m for a fund being raised by US-based venture capital firm Bessemer Venture Partners (BVP), according to a stock exchange filing.
Taiwan Life is supplying the capital for BVP’s Century Fund, which was launched earlier this year to invest across the North America, Asia-Pacific, Middle East and Africa regions. It also committed $20m to the $1.85bn X Fund closed by BVP in October 2018.
The investment is one of several commitments to equity and debt funds made by Taiwan Life in 2019, including a $20m contribution to TA XIII, a vehicle closed at $8.5bn by growth-focused private equity firm TA Associates in June.
TA XIII focuses on financial services, consumer goods, healthcare, business, services, technology, media and telecommunications companies, investing in North America and Western, Central and Eastern Europe.
Taiwan Life also supplied $30m for private markets firm StepStone’s $310m Secondary Opportunities Fund IV, $25m for private equity fund manager HIG Capital’s $185m Middle Market Fund III fund and $33.6m to an unnamed solar investment fund, among other investments.