Chariot Re raises $700m, taking launch funding above $2bn
Chubb led the oversubscribed financing round alongside the platform’s existing sponsors.
Chubb led the oversubscribed financing round alongside the platform’s existing sponsors.
The combined company would have about $571 billion in client assets.
The changes are intended to be in place for year-end 2027.
HSBC and JPMorgan had assembled a conventional facility.
Noah Charney joins from King Street to lead the strategy, with Robin Russell hired alongside him.
The commitment will run over a two-year period.
PGIM is buying the remaining 25% of Deerpath, three years after taking a 75% stake, and says the manager keeps its investment independence.
The Cinven Funds and La Caisse's investment platform are funding the majority stake, bought from Preservation Capital Partners.