Gracie Point Holdings, a specialty finance holding company focused primarily on insurance, announced that it has secured a $250 million warehouse credit facility from Goldman Sachs Bank USA.
The new facility is designed to enhance Gracie Point’s funding flexibility and strengthen its capital markets infrastructure as it responds to growing global demand for bespoke life insurance premium financing solutions. The warehouse line will support the continued growth of GP Affluent Markets, the company’s life insurance premium financing platform serving high-net-worth clients seeking liquidity through insurance premium financing.
According to the company, the global life insurance premium finance market represents a sizable opportunity, and GP Affluent Markets is positioned to lead due to its first-mover advantage, deep domain expertise, and longstanding broker and advisor relationships worldwide.
The warehouse facility follows Gracie Point’s $272 million life insurance premium loan securitization completed last August, which marked its ninth publicly rated, broadly syndicated securitization. Together, the transactions demonstrate the firm’s ability to access diverse and cost-effective capital sources to fund expansion.
Gracie Point is backed by leading investors, including affiliates of Hudson Structured Capital Management Ltd. and Searchlight Capital, with additional support from Kuvare Strategic Investments.
The company said the new warehouse facility aligns with its broader strategy of building specialty finance companies into industry leaders through strategic, operational, and capital markets support.
KEY QUOTES
“This warehouse facility is an important strategic milestone for Gracie Point that both diversifies and increases our capacity to deliver innovative, life insurance premium finance loans at scale, and we appreciate Goldman Sachs’ support. This follows our successful $272 million life insurance premium loan securitization last August, our ninth publicly rated, broadly syndicated securitization. Together, these transactions underscore our ability to access diverse, cost-effective capital to support growth.”
Harsh Varma, Head Of Capital Markets, Gracie Point
“This warehouse facility strengthens Gracie Point’s capital markets infrastructure and directly supports the continued growth of our life insurance platform, GP Affluent Markets. Supporting the growth of platforms is central to Gracie Point’s strategy, and this transaction is a clear example of how we are putting that approach to work as we scale GP Affluent Markets to meet growing demand for bespoke premium financing solutions.”
Howard Levkowitz, Non-Executive Chairman, Gracie Point
“We have been long-standing supporters of Gracie Point and are pleased to see the company achieve this important milestone. We value the partnership with Goldman Sachs and view this transaction as a significant step in the continued development of life insurance premium finance as a major institutional asset class.”
Vikas Singhal, Partner, Hudson Structured Capital Management Ltd.
“As long-time supporters and investors in Gracie Point, we are excited to see the company build on its financing flexibility with this new warehouse facility to further accelerate the global expansion of its industry-leading life insurance premium finance platform.”
Andrew Frey, Partner, Searchlight Capital
“This transaction is a significant milestone in the evolution of Gracie Point’s funding platform and positions the company well for continued growth.”
Faisal Kassam, Head Of Platform Investing And Asset-Based Finance, Kuvare Strategic Investments; Board Member, Gracie Point Holdings
