Aquarian Raises $1.5 Billion to Boost Credit, Insurance Push
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Aquarian Holdings, launched in 2017 by ex-Guggenheim Partners executive Rudy Sahay, raised almost $1.5 billion from Mubadala Capital, the asset management arm of sovereign wealth fund Mubadala Investment Co., and other investors.
Aquarian plans to use the cash to expand in fast-growing industries such as private credit, insurance and real estate, Sahay said in an interview. The firm, which oversees $18.2 billion and counts RedBird Capital Partners among its largest investors, also plans to deploy the capital to support its existing insurance companies.