Asset owners welcome Taiwan PE market opening

Taiwanese institutional investors have welcomed the move to allow local mutual fund houses to launch private equity funds, saying they see it as a way to help diversify their portfolios. Local asset owners, such as state pension manager the Bureau of Labor Funds (BLF) and insurers Cathay Life and Fubon Life, look set to take a cautious approach to such investments. Their initial focus is likely to be on specific projects such as green energy and high-tech firms – segments where th…