Gracie Point Holdings, a provider of financing programs for the life insurance market, has raised $50 million in an investment round led by Hudson Structured Capital Management.
The financing solutions provider said that it will use the capital to fund its growth in the US and Asia markets, for launching its operations in Canada, and also to further improve its global funding capabilities.
The latest investment secured by Gracie Point Holdings marks its third capital raise.
Harish Raghavan – Chairman of Gracie Point Holdings said: “Gracie Point is uniquely qualified to provide flexible and innovative financing solutions in the global premium finance market. This latest round of capital allows us to continue our rapid growth and expand our platform in the United States, Canada and Asia.”
Gracie Point Holdings caters to the advisory marketplace with a combination of insurance, financing and loan servicing expertise. The financing solutions provider partners with agents and brokers to serve affluent, high net worth and ultra-high net worth clients.