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Standard Life Agrees $2.72bn PRT Partnership With Investor Consortium
- Standard Life agreed to a partnership with a consortium of investors — including CVC Capital Partners, Prudential Financial, Goldman Sachs and MS&AD Insurance Group — to expand its pension risk transfer (PRT) business, with a combined initial capital commitment of up to $2.72 billion, according to Yahoo Finance.
- Of the total £2 billion commitment, £500 million will be provided by Standard Life itself, funded through yearly excess cash generation, with completion expected in the first half of 2027.
Published Aug 20Source: Yahoo Finance ↗