Taiwan Life Insurance Granted Approval to Invest in Bessemer Venture Partners Century Fund III
Original: 代台灣人壽公告核准投資 Bessemer Venture Partners Century Fund III Institutional A L.P.
Summary
CTBC Financial's subsidiary Taiwan Life Insurance (台灣人壽) has received regulatory approval to invest in Bessemer Venture Partners Century Fund III Institutional A L.P., a U.S.-based institutional venture capital limited partnership. The disclosure was filed by CTBC Financial on Taiwan Life's behalf as required under TWSE material-information rules. The investment represents an alternative-asset allocation by the insurance subsidiary; full terms and committed amount are available on MOPS.
Full Translation
Subject line (translated): 'Announcing on behalf of Taiwan Life Insurance — Approval Granted for Investment in Bessemer Venture Partners Century Fund III Institutional A L.P.' CTBC Financial Holding Co. (2891) filed this material-information announcement as the listed parent acting on behalf of its insurance subsidiary, Taiwan Life Insurance Co., Ltd. The announcement confirms that the relevant regulatory authority has approved Taiwan Life Insurance's proposed investment in Bessemer Venture Partners Century Fund III Institutional A L.P., an institutional-class venture capital fund. Bessemer Venture Partners is a prominent U.S. venture capital firm; the 'Century Fund III' vehicle targets long-horizon technology and growth-stage investments. Insurance companies in Taiwan require Financial Supervisory Commission (FSC) approval for overseas alternative-asset investments above prescribed thresholds, making this filing mandatory upon receipt of such approval. [Body not available — subject line only. See MOPS for full announcement.]