Investment firm Third Point announces the establishment of a private credit fund dedicated to insurers.
Third Point Launches First Dedicated Private Credit Fund for Insurance Companies
Third Point LLC, a prominent asset manager, has entered the structured private credit space with the launch of its first dedicated fund, the Third Point Insurance Solutions Fund I (ISF). The fund secured $400 million in investible capital at its first close and aims to provide insurance clients with broad, differentiated private credit opportunities across the U.S. middle market [1][2][3].
The strategy is led by Christopher Taylor, who brings significant experience managing insurance credit portfolios. Taylor previously served as CEO of Madison Capital Funding, where he notably doubled assets under management (AUM) to over $15 billion, including more than $10 billion managed for New York Life and other insurers [1][2]. This leadership experience aligns with the fund's goal of delivering structured, rated private credit products that cater specifically to the insurance market.
The ISF is part of Third Point’s growing private credit platform, which has grown substantially following the firm’s acquisition of AS Birch Grove, an $8 billion credit asset manager focused on middle market capital solutions [1][2][3]. Third Point, traditionally known for equity investments and activism, now manages around $21 billion, with over $14 billion in credit strategies. The fund represents a strategic initiative to deepen Third Point’s presence in private credit, leveraging its three decades of credit market experience to offer insurance companies access to a scalable, diversified private credit fund with strong absolute returns and consistent income.
The ISF aims to provide consistent income and strong absolute returns to insurance companies, making it an attractive option for those seeking private credit exposure. The fund is designed to offer a diversified private credit product, providing insurance clients with a resilient credit strategy [1][2][3].
The launch of the ISF marks another step in Third Point’s growing private credit platform. The fund is the first dedicated fund for insurance companies in the structured private credit space for Third Point. AS Birch Grove, led by CEO/CIO Jonathan Berger, whose strategies include a well-established private credit fund focused on middle market capital solutions, will contribute to the ISF's success [1][2].
In summary, the Third Point Insurance Solutions Fund I is a significant addition to the private credit market. It offers insurance companies a unique opportunity to invest in a scalable, diversified fund with a focus on the U.S. middle market. The fund's leadership, strategy, and platform context position it as a strong choice for insurance companies seeking private credit exposure with differentiated, resilient credit strategies [1][2][3][4].
References: [1] Third Point Press Release, "Third Point Launches First Dedicated Structured Private Credit Fund for Insurance Companies," 2025. [2] Investopedia, "Third Point Insurance Solutions Fund I," 2025. [3] Financial Times, "Third Point Expands into Private Credit with $400m Fund," 2025. [4] Bloomberg, "Third Point's Taylor to Head New Private Credit Fund," 2025.
The Third Point Insurance Solutions Fund I is designed to cater specifically to insurance clients, offering broad, differentiated private credit opportunities across the U.S. middle market. The launch of this fund marks another step in Third Point's growing private credit platform, with a focus on finance and structured private credit products.
