TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
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The Importance of Stretching
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SFNet's 40 Under 40 Award Winners Panel Recap
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SFNet's Inaugural YoPro Leadership Summit
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It’s a Marathon, Not a Sprint
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It’s Not Too Late – Five Member Benefits to Cash In On Now
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It’s Time To Break Up With Your Phone
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Lien Management – What You Need to Know
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
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A Commercial Banker’s Tickler Transition Plan
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
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The Lost Art of the Loan Purchase
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
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Paper Loan Files: Does Your Bank Know the True Cost?
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December 7, 2023
Source: Golub Capital
Golub Capital provides a lead investment in Ruby Re
NEW YORK, December 6, 2023 – Golub Capital announced today that it is one of the lead investors in Ruby Reinsurance Company (“Ruby Re”), a newly formed reinsurance sidecar vehicle sponsored by Reinsurance Group of America, Incorporated (“RGA”) that enhances RGA’s access to capital for their growing U.S. asset intensive business. RGA and Golub Capital have strategically partnered on a number of projects with over $1 billion invested or committed across multiple products. Deal terms were not disclosed.
Golub Capital has provided investment solutions to RGA since 2010 across an array of products. The transaction with RGA is a culmination of a valuable long-term partnership, a shared investment approach and a strategic growth opportunity for both firms. The lead investment in Ruby Re also marks Golub Capital’s inaugural insurance capital sidecar transaction.
“While we have an established track record of providing capital efficient investment solutions to insurance companies, this expanded partnership with RGA marks a foundational milestone for Golub Capital as a provider of strategic capital to our insurance partners,” said Gregory Robbins, Vice Chair of Golub Capital. “We view capital solutions as an important avenue of future partnership with insurance company clients alongside our longstanding investment and capital efficient structuring capabilities. This transaction provides a replicable model for similar opportunities in the future.”
“Golub Capital has been a trusted strategic partner for RGA, delivering excellent investment returns over many years,” said Leslie Barbi, Executive Vice President and Chief Investment Officer, RGA. “This investment is another example of our growing relationship, supporting creative insurance solutions.”
Wells Fargo Securities served as the exclusive financial advisor and Milliman, Inc. served as actuarial advisor to Golub Capital on the transaction. Additional terms are not being disclosed at this time.
About Golub Capital
Golub Capital is a market-leading, award-winning direct lender and experienced credit asset manager. We specialize in delivering reliable, creative and compelling financing solutions to companies backed by private equity sponsors. Our sponsor finance expertise also forms the foundation of our Broadly Syndicated Loan and Credit Opportunities investment programs. We nurture long-term, win-win partnerships that inspire repeat business from private equity sponsors and investors.
As of October 1, 2023, Golub Capital had over 850 employees and over $60 billion of capital under management, a gross measure of invested capital including leverage. The firm has lending offices in New York, Chicago, Miami, San Francisco and London. For more information, please visit golubcapital.com.
