NEW YORK—New York Life Insurance Co. has agreedto commit up to $100 million for JaguarGrowth Partner's first fund, which plans to buy stakes inproperty companies across Latin America, China and India, accordingto a Wall Street Journal report.
Jaguar Growth Partners, is a new private-equity firm establishedby former executives of Sam Zell 's EquityInternational. That fund aims to raise up to $1billion, say the Journal's unnamed sources.
In addition, New York Life is taking a stake in Jaguar and willjoin its advisory board. The deal is the insurers first investmentin a company focused on emerging-markets real estate.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
