Aquarian Raises $1.5 Billion to Boost Credit, Insurance Push (1)

Aquarian Holdings, launched in 2017 by ex-Guggenheim Partners executive Rudy Sahay, raised almost $1.5 billion from Mubadala Capital, the asset management arm of sovereign wealth fund Mubadala Investment Co., and other investors.

Aquarian plans to use the cash to expand in fast-growing industries such as private credit, insurance and real estate, Sahay said in an interview. The firm, which oversees $18.2 billion and counts RedBird Capital Partners among its largest investors, also plans to deploy the capital to support its existing insurance companies.

“The opportunity to align our two firms was an obvious choice,” Oscar Fahlgren ...