Gracie Point raises $50 million

NYC-based Gracie Point announced a $50 million capital raise, led by Hudson Structured Capital Management to fund its operations in the US and Asia and to launch its Canadian operations.

Established in 2010, Gracie Point, which has offices in New York, Toronto and Hong Kong, offers high net worth and institutional clients cost-effective ways to finance their premium payments for single life, multi-life, new business or in-force policies with access to financing solutions.

Bottom Line: Stamford-based asset manager Hudson Structured Capital Management is no stranger to insurtech.