SageSure, an independent managing general underwriter focused on providing catastrophe-exposed property insurance, closed a $250 million equity investment led by Amwins and Flexpoint Ford, with participation from Ares Management.
SageSure, a provider of catastrophe-exposed property insurance, closed a $50 million expanded revolving credit facility with its new commercial banking partner Wintrust Financial.
Ares Management closed approximately $5 billion in U.S. direct lending commitments across 54 transactions during Q1/22 and approximately $35 billion in direct lending commitments across 287 transactions in the past year.
SageSure, a general underwriter and insurance technology company, secured a $375 million senior credit facility from funds managed by the U.S. direct lending and alternative credit strategies of Ares Management.
SageSure secured $125 million in bank financing. The syndicated facility is led by Citizens is leading the syndicated facility with ING Group, BMO Harris and East West Bank serving as joint lead arrangers.