RGA makes strategic investment in PACT Capital

Reinsurance Group of America (RGA), Incorporated, a provider of life and health reinsurance, has made a strategic investment in and anchor commitment to PACT Capital LLC, an independent investment firm supporting middle-market alternative asset managers.

PACT will seek to partner with high-performing established and emerging private capital firms to help them achieve their strategic growth objectives.

Goodwin Procter LLP served as legal advisor to RGA; additional transaction terms were not disclosed.

Leslie Barbi, Executive Vice President and Chief Investment Officer, RGA commented on the investment, “Our strategic investment in PACT demonstrates our commitment to forging collaborative relationships that drive shared value for all stakeholders.

“This partnership provides us with valuable exposure to a specialised asset class and exemplifies the type of opportunities and relationships RGA is actively pursuing to enhance our investment capabilities. 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, added, “I believe our partnership with RGA, a recognised 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.”

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