Fubon Life Insurance, based in Taipei, Taiwan, manages NT$5.11 trillion ($156.2 billion) with 11.13% allocated to alternatives. The company committed $70 million to Pomona Capital XI, a secondaries fund focused on LP stakes across North America, Latin America, Europe, and Asia-Pacific. This investment was made in December 2024, while the fund held its first close in October 2024 at $915.82 million, aiming for $3.5 billion. The previous fund, Pomona Capital X, closed in June 2022 at $2.6 billion, exceeding its target, and achieved an IRR of 19.6%.