Chariot Re raises $700m, taking launch funding above $2bn
Chubb led the oversubscribed financing round alongside the platform’s existing sponsors.
Chariot Re’s latest financing takes the reinsurer’s funding since launch to more than $2bn. On Wednesday, the MetLife and General Atlantic-sponsored vehicle closed an oversubscribed third capital raise of about $700m in equity and debt financing, with Chubb identified as lead investor.
MetLife and General Atlantic also participated in the round. The oversubscription, together with backing from Chubb and repeat…
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