Taiwan Life Insurance Unit Approved to Invest in Lightspeed Platinum, L.P.
Original: 代台灣人壽公告核准投資 Lightspeed Platinum, L.P.
Summary
CTBC Financial is disclosing, on behalf of its subsidiary Taiwan Life Insurance (台灣人壽), that regulatory approval has been granted for an investment in Lightspeed Platinum, L.P., a limited partnership associated with Lightspeed Venture Partners. Insurance company investments in alternative asset vehicles such as private equity or venture capital funds in Taiwan require prior regulatory authorization, making this a reportable material event. Full body available on MOPS.
Full Translation
Subject line (translated): 'On behalf of Taiwan Life Insurance — Announcing Regulatory Approval for Investment in Lightspeed Platinum, L.P.' CTBC Financial Holding Co. (2891) is filing this material disclosure as the parent and on behalf of Taiwan Life Insurance Co., Ltd., its life insurance subsidiary. The announcement indicates that the relevant regulatory authority (likely the Financial Supervisory Commission) has approved Taiwan Life Insurance's proposed investment in Lightspeed Platinum, L.P. Lightspeed Platinum, L.P. is a limited partnership vehicle associated with Lightspeed Venture Partners, a prominent global venture capital firm; the investment likely represents a commitment as a limited partner in one of Lightspeed's fund vehicles. Under Taiwan's Insurance Act and related FSC regulations, life insurers must obtain prior approval for investments in certain alternative assets, and this filing fulfills the corresponding disclosure obligation upon receiving that approval. [Body not available — subject line only. See MOPS for full announcement.]