China Life Insurance, a Taiwan-based life insurance company, has invested $20 million in U.S. private equity firm Blackstone’s eighth strategic partners fund.

China Life is an existing limited partner in the fund’s predecessor, Strategic Partners Fund VII, and it had invested $10 million to the earlier fund.

The strategic partners funds target secondaries in the private equity market. Strategic Partners VIII is targeting to secure $8 billion.

As of December 2018, the vehicles had landed more than $34 billion in capital commitments, closed more than 1,200 deals and bought more than 3,500 limited partnership interests.