Harris’ 26North Inks $5 Billion Insurance Deal, Growing Assets
- Brings total assets under management to roughly $22 billion
- Insurance tie-ups have helped direct lenders expand cash pools
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A unit of Josh Harris’ 26North Partners LP has completed a $4.9 billion re-insurance deal that brings the firm’s total assets under management to about $22 billion, according to a statement seen by Bloomberg.
The transaction calls for 26North affiliates to re-insure a block of Life Insurance Company of the Southwest’s annuity products. The firm will also provide re-insurance for future fixed annuities, according to the statement.