The Carlyle Group reported $2.1 billion in equity capital was raised for Fortitude Re from existing investors, including strategic co-investor T&D Insurance Group.
Carlyle executives made the announcement this week along with FGH Parent, the owner of Fortitude Re, which will see its position strengthen as the Bermuda reinsurer collects $150 million from Carlyle and seeks to further grow and provide more solutions to the global insurance industry.
In addition, Carlyle has also entered into a new strategic advisory services agreement with Fortitude Re through a newly formed . . .
Continue Reading
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.
Monthly
$30
A pay-as-you-go plan to get you started
→ Instantly unlock all new and archived articles
→ Daily, weekly and monthly e-mail newsletters
→ Access to the weekly AW Deal Watch by AW Research
Annual
$300
Required for access to AW Research
Get more for less - 20% discount over monthly
→ Everything in Monthly PLUS:
→ Access to articles and data from AW Research
→ AW Annual Investor Compendium – our comprehensive guide to investor activity, with a ranking of the most active investors for the year and profiles of the top global allocators
