Taiwan Life Receives Approval to Invest in Bessemer Venture Partners XIII Feeder Fund
Original: 代台灣人壽公告核准投資 Bessemer Venture Partners XIII Institutional Feeder L.P.
Summary
CTBC Financial's subsidiary Taiwan Life Insurance (台灣人壽) has received regulatory approval to invest in Bessemer Venture Partners XIII Institutional Feeder L.P., a U.S. venture capital feeder fund. The disclosure indicates Taiwan Life is allocating a portion of its investment portfolio into an alternative asset vehicle tied to one of the oldest U.S. VC franchises. Full body available on MOPS.
Full Translation
On behalf of Taiwan Life Insurance: Announcement of Approval to Invest in Bessemer Venture Partners XIII Institutional Feeder L.P. — CTBC Financial Holding (2891) is disclosing, as the listed parent acting on behalf of its life insurance subsidiary Taiwan Life Insurance (台灣人壽), that regulatory or board-level approval has been granted for Taiwan Life to invest in Bessemer Venture Partners XIII Institutional Feeder L.P. Bessemer Venture Partners is a long-established U.S. venture capital firm; the 'Institutional Feeder' vehicle is typically a limited partnership structure used by institutional investors (such as insurance companies and pension funds) to gain access to the main VC fund. Under Taiwan's Insurance Act and FSC regulations, life insurers must obtain prior approval before committing capital to certain overseas alternative investments, making this filing a standard but material regulatory disclosure. [Body not available — subject line only. See MOPS for full announcement.]