Alice Ericson

HARTFORD, Conn., and NEW YORK, January 7, 2025 – Nassau Financial Group (“Nassau”), a leading provider of fixed annuities and asset management, and Golub Capital, a market-leading direct lender and experienced credit asset manager, have closed on their previously announced strategic partnership after satisfaction of closing conditions.

At closing, Nassau received a $200 million minority non-voting common equity investment from Golub Capital. This investment provides capital to support Nassau’s growth strategy, including through organic growth, acquisitions and strengthening its balance sheet. Nassau and Golub Capital also entered into a long-term Investment Management Agreement that will provide Nassau’s insurance subsidiaries with access to Golub Capital’s premium middle market direct lending strategies, through tailored capital-efficient solutions.

Kroll Bond Rating Agency (KBRA) has upgraded the insurance financial strength ratings for Nassau’s insurance companies to BBB+ and assigned a positive outlook.

In its commentary on this upgrade, KBRA noted that Nassau’s ratings “reflect its multi-year transformation that has positioned the company to successfully execute its strategy.”

Read KBRA’s press release here.

HARTFORD, Conn., Sept. 24, 2024 – Nassau Financial Group (“Nassau”) today announced that it has named Jordan Price as its Chief Financial Officer. Price succeeds Christine Janofsky, who will be leaving the company at year end.

Price has been with Nassau for 10 years and served as Chief Corporate Development Officer since early 2023. Nassau is combining the finance, corporate development, and strategic projects functions under Price as part of this leadership change. He will continue to report to Phil Gass, Chairman and CEO of Nassau.

“As we embark on our next chapter of growth, Jordan is the ideal candidate for CFO given his track record leading many of our capital market raises, including investments by Golub Capital and Fortress Investment Group, and our acquisition of Delaware Life of New York.

“With his deep knowledge of our business and past roles as the Deputy CFO and Head of Financial Planning & Analysis, Jordan is well positioned to assume these expanded responsibilities with a seamless transition,” Gass said.

NEW YORK, Sept. 4, 2024 – Nassau Global Credit (NGC) announced the reset of Kings Point 2024-1 Ltd. (formerly known as Angel Island Capital 2023-I Ltd.) (“Kings Point”), a highly flexible collateralized loan obligation (“CLO”). The transaction, which closed on Aug. 28, 2024, consists of:

• Rated Note Issuance of $275,550,000 notional
• Total deal size of $314,360,000 notional

Kings Point is designed to offer greater investment flexibility than a traditional CLO, providing investors with actively managed exposure to NGC’s opportunistic credit strategy in securitized format. Originally issued as a static internal securitization in January 2023, Kings Point is supported by a collateral pool primarily consisting of senior secured loans and bonds.