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Blackstone invests $500 million in Resolution Life in partnership deal
2022.10.12 08:32
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© Reuters. FILE PHOTO – Signage is seen outside The Blackstone Group headquarters in Manhattan, New York, U.S., November 12, 2021. REUTERS/Andrew Kelly
(Reuters) – Life insurer Resolution Life said on Wednesday it had raised $500 million from Blackstone (NYSE:) Inc, while also signing a partnership deal with the asset manager.
Blackstone will manage some of Resolution’s investments in areas like private credit and real estate under terms of the agreement, the insurance group said.
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