Fubon Life backs Rialto Real Estate Fund IV – Debt

Taiwan-based Fubon Life Insurance has allocated $20 million for the Rialto Real Estate Fund IV – Debt, managed by Rialto Capital Management.

As of November 2020, Rialto Real Estate Fund IV – Debt had raised $1.4 billion against an undisclosed equity fundraising target, according to an SEC filing. The opportunistic fund will invest primarily in real estate debt and properties in the United States.

Rialto has a history of large capital raises across its real estate debt fund series. The fund’s predecessor, Rialto Real Estate Fund III, raised $1.5 billion in 2017. Rialto Real Estate Fund II raised $1.305 billion in 2013 and the first fund in the series, Rialto Real Estate Fund, raised $700 million in 2010.

Fubon Life had a 6 percent allocation to real estate at the end of 2019, the most recent information on the company’s website. Fubon Life could not be reached to comment on its investment act