Gracie Point Announces Close of Successful Capital Raise to Fund Continued Expansion

Whats Happening:

Gracie Point Holdings, LLC, a global provider of life insurance premium finance, has successfully closed an equity capital raise. The funding round was led by Searchlight Capital Partners and Hudson Structured Capital Management Ltd. (HSCM Bermuda). This capital infusion will be used to strengthen Gracie Point's balance sheet and fund its continued growth.

Key Moves:

• Gracie Point closes equity capital raise led by Searchlight Capital and HSCM Bermuda

• Funding to strengthen balance sheet and support growth

• This marks Gracie Point's fifth successful capital raise since inception

By The Numbers:

• Searchlight has more than $16 billion in assets under management

• Gracie Point has offices in New York, Toronto, and Hong Kong

• This is Gracie Point's fifth successful capital raise

Key Quotes:

• "We are delighted to welcome Searchlight, a leading private equity investment firm, into our group of investors," said Harish Raghavan, CEO of Gracie Point.

• "We believe Gracie Point can unlock that capability and be the first mover into a very significant, and deep asset-backed market globally," commented Andrew Frey, Partner at Searchlight Capital.

• "We believe Gracie Point can be a partner to the industry as the industry re-thinks its core offerings to their end consumers," stated Vikas Singhal, Partner at HSCM Bermuda.

Bottom Line:

Gracie Point's successful capital raise, led by prominent investors Searchlight Capital and HSCM Bermuda, positions the fund for continued growth in the life insurance premium finance market. This investment underscores the potential for innovation in financing options for life insurance policies and highlights Gracie Point's role as a key player in this evolving sector.

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