A new Conning Capital Partners fund will invest in financial technology companies and draw on the knowledge of its primary investors -- financial companies -- to guide some investment decisions.
The MetLife Inc. unit has secured $276 million for its sixth private equity fund from financial institutions worldwide. In addition to Conning and MetLife, investors include Chase Manhattan Corp., CIBC Capital Corp., Banc of America Equity Partners, Axa Colonia Lebensversicherung AG, MBIA Insurance Corp., Royal and Sun Alliance USA, Sun Life Financial, Aegis, and Western World Insurance Group.
Part of the strategy is to encourage investors to use the technology of …
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