HSCM Bermuda leads $50m capital raise for Gracie Point

HSCM Bermuda, the arm of Hudson Structured Capital Management that invests in re/insurance assets, has led a $50 million capital raise for Gracie Point Holdings.

The financing will finance Gracie Point’s growth in the US and Asian markets, the launch of Gracie Point's Canadian operation, and enhance its global funding capabilities.

Gracie Point provides life insurance premium finance, serving affluent, high net worth and ultra-high net worth clients by working with agents and brokers.  This was its third successful capital raise.

Michael Millette, managing partner of HSCM Bermuda, said the emergence of a global premium finance company in the life insurance space that is connected to the capital markets will fundamentally shift how life insurance is bought and sold.

HSCM invests in core economic sectors that it expects to outgrow global GDP, offer low correlations with broader markets and are experiencing a shift from balance sheet to market financing.