Centerbridge is excited to announce the close of the second capital raise of Martello Re, an annuity reinsurer. Centerbridge initiated a partnership with Massachusetts Mutual Life Insurance Company and Barings Asset Management in 2021 to start Martello Re, and we look forward to its continued growth.
Martello Re is pleased to announce the closing of a $1.3 billion capital raise to support the further growth of our company. We are excited to continue executing on our mission to build the premier asset-intensive reinsurer supporting top-tier insurers in the US and globally. Thank you to all of our partners and team members who have made this possible. A link to our full press release is below. MassMutual; Barings; Brown Brothers Harriman; Centerbridge Partners, L.P. https://lnkd.in/e6uXdkYg