New York Life has acquired a stake in Jaguar Growth Partners, a real estate private equity firm. Also, New York Life expects to invest up to $100 million in Jaguar’s initial fund. And, New York Life has been named to Jaguar’s advisory board.
NEW YORK, Oct. 22, 2014 /PRNewswire/ — Jaguar Growth Partners (Jaguar), a privately-held investment management and advisory firm, today announced a strategic investment by New York Life Insurance Company (New York Life). As part of the agreement, New York Life acquired an interest in Jaguar Growth Partners and will join the Firm’s Advisory Board. In addition, New York Life expects to commit up to $100 million as a Limited Partner in the Firm’s inaugural fund.
The investment is a strong endorsement of Jaguar and its leadership position in growth markets from one of the world’s largest and most respected insurance and investment companies.
“We are privileged to partner with the largest mutual life insurance company in the US and one of the world’s largest asset managers, and we look forward to benefitting from New York Life’s strong heritage of investment expertise and innovation,” said Gary Garrabrant, Jaguar Founder and Managing Partner.
“The combination of our history, experience and relationships with New York Life’s institutional depth and breadth is a very powerful one,” added Thomas McDonald, Jaguar Founder and Managing Partner.
John Kim, Vice Chairman and Chief Investment Officer of New York Life, added: “This affiliation with Jaguar Growth Partners will provide New York Life with a differentiated set of alternative investment opportunities, which we believe will add value for our policyholders and contribute to the financial strength of the company. In today’s challenging investment environment, we are pleased to have a partner with the knowledge and insight to help us benefit from investment in real estate growth markets.”
About Jaguar Growth Partners
Jaguar Growth Partners is a privately-held investment management and advisory firm specializing in real estate private equity in growth markets globally. Founded in 2013 by Gary Garrabrant and Thomas McDonald, Jaguar invests in and develops scalable real estate-related operating platforms and companies poised to grow in markets characterized by an expanding middle class, aspirational youth, urbanization and other secular trends found in emerging global economies.
Commencing their investment activities in the 1990’s, Jaguar’s founders are regarded as pioneers in real estate investing and company-building in emerging markets through growth capital investments, working in active collaboration with local operating partners. The Firm capitalizes on a broad array of equity and debt investment opportunities and is at the vanguard of institutionalizing the most compelling growth markets. Jaguar is distinguished by its global insights, partner orientation and proven approach to optimizing value and liquidity. Please see www.jaguargrowth.com for additional information.
About New York Life
New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States* and one of the largest life insurers in the world. New York Life has the highest possible financial strength ratings currently awarded to any life insurer from all four of the major credit rating agencies: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA+).** Headquartered in New York City, New York Life’s family of companies offers life insurance, retirement income, investments and long-term care insurance. New York Life Investments*** provides institutional asset management and retirement plan services. Other New York Life affiliates provide an array of securities products and services, as well as retail mutual funds. Please visit New York Life’s website at www.newyorklife.com for more information.