Jaguar Growth Partners, a privately-held investment management and advisory firm, 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 $100m 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."