Gracie Point secures additional capital

Gracie Point , a provider of life insurance premium finance solutions, has closed an equity capital raise led by Searchlight Capital Partners and HSCM Bermuda.

Established in 2010, Gracie Point serves high-net-worth clients through insurance agents and brokers and operates in North America and Asia, with offices in New York, Toronto, and Hong Kong.

“We are excited to partner with Gracie Point. Life insurance is perhaps the last major asset class where consumers don’t have a readily available financing market. We believe Gracie Point can unlock that capability and be the first mover into a very significant, and deep asset-backed market globally.” – Andrew Frey, Partner at Searchlight Capital.