Carlyle raises over $2bn for Fortitude Re

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 . . .

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