Cathay Life Insurance Acquires Interest in American Industrial Partners Capital Fund IX, L.P.
Original: 本公司代子公司國泰人壽公告取得 American Industrial Partners Capital Fund IX, L.P.
Summary
Cathay Financial Holdings disclosed, on behalf of its subsidiary Cathay Life Insurance, the acquisition of a limited partnership interest in American Industrial Partners Capital Fund IX, L.P., a U.S.-based industrial-focused private equity fund. This represents an overseas alternative-asset allocation by Cathay Life, Taiwan's largest life insurer, consistent with its strategy of diversifying into higher-yielding private capital. Full body available on MOPS.
Full Translation
Cathay Financial Holdings Co., Ltd. (TWSE: 2882) hereby announces, acting on behalf of its subsidiary Cathay Life Insurance Co., Ltd., the acquisition of an interest in American Industrial Partners Capital Fund IX, L.P. American Industrial Partners (AIP) is a U.S. private equity manager specializing in industrial and manufacturing businesses; Fund IX is its ninth flagship buyout vehicle. The announcement indicates Cathay Life has committed capital as a limited partner in this fund, representing an overseas private equity allocation under Taiwan's insurance investment regulations. For large life insurers such as Cathay Life, LP commitments to global PE funds are a key mechanism for accessing illiquid-premium returns to match long-duration liabilities. [Body not available — subject line only. See MOPS for full announcement.]