RGA makes strategic investment in PACT Capital to expand alternative assets

Partnership boosts diversification into middle-market private capital strategies

RGA makes strategic investment in PACT Capital to expand alternative assets

Reinsurance

By Kenneth Araullo

Reinsurance Group of America (RGA) announced it has made a strategic investment in PACT Capital LLC through a wholly owned subsidiary.

PACT is an independent investment firm focused on providing capital and strategic support to middle-market alternative asset managers. The investment also includes an anchor commitment, which RGA says positions the company to expand its presence in the alternative asset space.

PACT said that it aims to collaborate with established and emerging private capital firms to support their strategic growth plans. The partnership aligns with RGA's strategy to diversify its investment portfolio and enhance its capabilities in specialized asset classes.

Leslie Barbi (pictured above), executive vice president and chief investment officer at RGA, said the partnership with PACT offers access to a specialized asset class and reflects RGA's focus on forming collaborative relationships that provide value to stakeholders.

“This partnership provides us with valuable exposure to a specialized asset class and exemplifies the type of opportunities and relationships RGA is actively pursuing to enhance our investment capabilities,” Barbi said. “RGA will continue to grow our strategic investment portfolio focused on asset management partners with unique sourcing and underwriting capabilities that complement RGA’s global investment platform.”

Christian von Schimmelmann, managing partner and co-founder of PACT, also said the partnership with RGA supports PACT's investment strategy.

“I believe our partnership with RGA, a recognized global reinsurance leader, both validates PACT’s differentiated investment approach and strategically positions us as a preferred capital solutions provider for middle market companies. With RGA’s support, we will be able to accelerate our development and strengthen our market position. We look forward to a productive long-term partnership,” von Schimmelmann said.

In November, the global life and health reinsurer also announced a reinsurance agreement covering approximately US$4.1 billion in liabilities with John Hancock, a subsidiary of Manulife Financial Corporation.

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