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.

|

“This affiliation with Jaguar Growth Partners will provide NewYork Life with a differentiated set of alternative investmentopportunities,” John Kim, vice chairman of NewYork Life told the Journal.

|

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

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.