New York Life To Commit Up To $100M To Maiden Jaguar Fund

Oct 22 2014 | 11:49am ET

New York-based investment manager Jaguar Growth Partners has received a vote of confidence from New York Life Insurance Company.

The insurer has acquired an interest in the investment firm, is joining the advisory board and expects to commit up to $100 million as a limited partner in the firm's first fund.

Said John Kim, vice chairman and chief investment officer of New York Life, in a statement:

"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."

Jaguar Growth Partners, founded in 2013 by Gary Garrabrant and Thomas McDonald, specializes in real estate private equity in growth markets globally.

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