private equity fund

Investor and private equity giant Apollo Global’s CEO Marc Rowan has hailed the completion of its latest successful capital raise for a new vintage of the life and annuity focused reinsurance sidecar structure for reinsurer Athene as “the largest equity sidecar in the industry.”

The latest vintage of the life and annuity focused reinsurance sidecar structure launched by Athene Holding Ltd., the life and retirement reinsurance company majority owned by investor and private equity specialist Apollo Global, has received its ratings and we understand the investor commitments to it are expected to roughly double.

Private equity specialist investment manager Bain Capital has raised a $1.15 billion fund targeted at deployment into opportunities in the insurance and reinsurance space.

Athene Holding Ltd., the life and retirement reinsurance company majority owned by investor and private equity specialist Apollo Global, now has access to more than $7 billion of deployable capital to purse “attractive growth opportunities” following the first close of the Apollo / Athene Dedicated Investment Program II with around $2 billion in capital commitments.

Brookfield Reinsurance, the Bermuda-based reinsurance entity of Brookfield Asset Management Inc., the giant Canadian headquartered alternative asset manager, has entered into a definitive agreement to acquire specialty re/insurer Argo Group International Holdings, Ltd. in an all-cash transaction valued at $1.1 billion.

Private equity specialist investor Cinven is doubling down on what it has learned through recent investments and deals in the insurance and reinsurance space, with the launch of a new fund strategy that will have re/insurance as a significant component.

Investor and private equity specialist Apollo Global Management and its life and retirement reinsurance company Athene expect the Athene Co-Invest Reinsurance Affiliate (ACRA) third-party capitalised sidecar vehicle could drive around $60 billion of premium float, from its initial capital pool of $3.2 billion.

Athene Holding Ltd., the life and retirement reinsurance company majority owned by investor and private equity specialist Apollo Global, put third-party capital from its Athene Co-Invest Reinsurance Affiliate (ACRA) sidecar to work in a huge $4.9 billion pension risk transfer deal.

Private equity specialist Apollo Global and life and retirement reinsurance company Athene Holding Ltd. are set to merge, in a transaction that values the latter at $11 billion and the combined company at $29 billion, underscoring the attractive combination that is investing alongside life and annuity reinsurance premium float accumulation.

Brookfield Asset Management Inc., the giant Canadian headquartered alternative asset manager that has around $575 billion of assets under management, continues to expand its reinsurance operations with a rating from AM Best now secured for its Cayman Islands based reinsurer North End Re (Cayman) SPC.