PE-backed Pension Corp. Raising $820M

British specialist insurer Pension Corp. is close to sealing a 500 million pound ($820 million) infusion of capital, most coming from a fund spun off from Swiss luxury goods group Richemont, Reuters reported. The company said Friday it was in exclusive negotiations with Luxemburg-listed Reinet Fund for a 400 million pound investment, Reuters wrote, adding that the remaining100 million pounds would come from existing and new investors. Pension Corp. counts Swiss Re and private equity group JC Flowers among its backers.

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