Martello Re announces closing of $1.3 billion capital raise consisting of $935 million in equity and a $360 million upsize of the Company's credit facility - PR Newswire APAC
Summary
Ho continued, "We could not have reached this point without the support of our founders MassMutual, Barings, Centerbridge Partners, and Brown Brothers Harriman as well as the dedication and hard work of our exceptionally talented employees. Our company is excited to continue the execution of our long-term strategy of providing life and annuity insurers with a financially strong reinsurance partner that is dedicated to helping them grow their most important business lines. For more information, visit www.massmutual.com.About BaringsBarings is a $409+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions. We serve individuals, families, businesses and institutions, offering Multi-Family Office, Corporate Advisory & Banking, Private Equity and Endowment & Foundation Management solutions.