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Chariot Reinsurance, Ltd. announced that it has received $700 million in funding from Chubb Limited, General Atlantic Service Company, L.P., MetLife, Inc. and other investors. Published on 09/02/2026 at 11:42 am EDT S&P Capital IQ Chariot Reinsurance, Ltd. announced that it has received $700 million in a round of funding led by new investor Chubb Limited on September 2, 2026. The transaction included participation from returning investors General Atlantic Service Company, L.P., MetLife, Inc. and group of leading institutional investors. The company has raised over $2,000 million in funding till date. The company issued convertible preferred stock and debt in the transaction. (C) S&P Capital IQ - 2026

General Atlantic to anchor new global headquarters at Related's 625 Madison Avenue. September 1, 2026 Leading global investor announces lease at Related's premier, new office tower in Midtown Manhattan's Plaza District New York - September 1, 2026 - General Atlantic, a leading global investor, today announced that it has signed a long-term lease for its new global headquarters at 625 Madison Avenue, a new landmark Class AA office tower under construction by Related Companies in Midtown Manhattan's Plaza District. As the building's anchor tenant, General Atlantic will occupy five floors totaling more than 150,000 square feet within the 53-story tower, which is expected to open in 2029. The new headquarters is designed to support General Atlantic's New York team of more than 330 professionals while providing a collaborative work environment for entrepreneurs, investors, advisors, and other members of the firm's global network. Designed by Foster + Partners and Gensler, 625 Madison represents the first new, ground-up premier office building to be built in the Plaza District in decades. Rising more than 680 feet, the building's design, including its column-free tower floorplates and corners, was conceived to take full advantage of its spectacular Central Park views and location between 58th and 59th Streets along Madison Avenue. The building's exclusive, five-star amenities include a sixth-floor club with a 200-plus-person multipurpose room for investor meetings and events, executive boardrooms, a private dining room, a coffee and cocktail bar for employees, and wraparound outdoor terraces. In addition, the building's base will feature a flagship restaurant as well as luxury retail at the corners of 58th and 59th Streets. The building's all-electric and LEED Platinum design will make it one of the most sustainable large-scale office buildings in New York City. Bill Ford, Chairman and CEO at General Atlantic, commented: "General Atlantic has always taken a long-term view, and our new headquarters is an investment in the firm's future. It will be a place that brings our people and global community together, strengthens the connections that are central to who we are, and gives us room to grow for many decades to come. We're pleased to have Related as a partner in bringing this vision to life." Jeff Blau, CEO of Related Companies, said: "When we began designing 625 Madison, General Atlantic was exactly the kind of prestigious and ambitious firm we had in mind as an anchor tenant because of the value they place on investment and operational excellence, collaboration, and long-term relationships. This will be a building of industry leaders, and we are thrilled to have General Atlantic on board and look forward to delivering an exceptional new headquarters for their team." General Atlantic was founded in 1980, operating out of a townhouse on 55th Street in New York. Today, the firm is a leading global investor with more than 900 professionals across 21 locations worldwide. The firm has provided capital and strategic support to over 905 companies through a diversified investment platform spanning Growth Equity, Infrastructure, and Strategic Solutions. The new headquarters at 625 Madison reflects the firm's growing footprint and creates a modern workspace for the years ahead. About General Atlantic General Atlantic is a leading global investor with more than four and a half decades of experience providing capital and strategic support for over 905 companies throughout its history. Established in 1980, General Atlantic continues to be a dedicated partner to visionary founders and investors seeking to build dynamic businesses and create lasting value. Guided by the conviction that entrepreneurs can be incredible agents of transformational change, the firm combines a collaborative global approach, sector specific expertise, a long-term investment horizon, and a deep understanding of growth drivers to partner with and scale innovative businesses around the world. The firm leverages its patient capital, operational expertise, and global platform to support a diversified investment platform spanning Growth Equity, Infrastructure, and Strategic Solutions. General Atlantic manages approximately $130 billion in assets under management, inclusive of all strategies, as of June 30, 2026, with more than 900 professionals in 20 countries across five regions. For more information on General Atlantic, please visit www.generalatlantic.com. About Related Companies Related Companies is a global real estate and lifestyle company defined by innovation and the most prominent privately-owned real estate firm in the United States. Formed over 50 years ago, Related is one of the largest private owners and preservationists of affordable housing in the U.S. and a fully integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisition, management, finance, marketing, and sales. Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Dallas, Miami, Los Angeles, San Francisco, Washington, D.C., and London and boasts a team of approximately 4,000 professionals. The company's portfolio of $100 billion in assets owned or under development includes the 28-acre Hudson Yards neighborhood on Manhattan's West Side, Deutsche Bank Center at Columbus Circle and The 78 in Chicago. Related was named to Fast Company Magazine's list of the 50 Most Innovative Companies in the World. For more information about Related, please visit www.related.com. Media Contacts

HSBC joins PEs in race for Nuvama Wealth. , ET Bureau Last Updated: Sep 01, 2026, 05:30:00 AM IST Asia-Pacific-focused private equity firm PAG, current owners of the listed financial services company, has revived attempts to sell the business after a year's gap. Non-binding bids also in from 6 funds for 54% worth $1.8 billion. Two more strategics expected to join. Mumbai: Europe's largest lender HSBC is competing with global private equity buyout groups to acquire Nuvama Wealth and Investment Ltd, said people in the know. Asia-Pacific-focused private equity firm PAG, current owners of the listed financial services company, has revived attempts to sell the business after a year's gap. HSBC is competing with at least half a dozen PE competitors including Brookfield, Warburg Pincus, EQT, CVC Capital, Permira, Chrys Capital and General Atlantic (GA) for the asset, said the people cited above. Investors are queuing up to tap into India's growing appetite for investment and spending, joining an increasingly competitive field. You May Like At least two more strategic players are expected to join the fray this week after the aforementioned entities submitted non-binding offers last week in what's turning out to be a rerun of events in 2025. A run-in with the Securities & Exchange Board of India impacted Nuvama's stock price last August. Volatility in scrip. This involved Jane Street, one of its key clients in the capital markets custodian business, and the regulatory cloud eventually tripped up the sale process. PAG relaunched the divestment of Nuvama, formerly Edelweiss Wealth Management, last month, reappointing advisors Morgan Stanley and JP Morgan. At its current market value of Rs 32,116 crore, PAG's 53.98% stake-held via Pagac Ecstasy Pte Ltd (53.12%) and Asia Pragati Strategic Investment Fund-is worth Rs 17,336 crore ($1.8 billion). The transaction will also trigger an open offer for an additional 26% of the company. Nuvama's shares have been volatile over the past year. On a split-adjusted basis, the stock rose from around Rs 1,200 in late August 2025 to about Rs 1,805 by August 28 this year, a gain of about 50%. After trading in the Rs 1,100-1,500 range, it rallied in April, hitting a 52-week high of Rs 2,067 in July. It closed Monday at Rs 1,753, down 2.9% from Friday's close. Last November, the company announced a 1:5 stock split that saw the face value revised to Rs 2 from Rs 10, while the authorized share capital remained unchanged at Rs 799.54 crore. PAG invested $325 million to acquire a majority stake in Edelweiss Wealth Management in March 2021 with the firm getting listed in 2023. Industry observers said the large cheque size for a listed company buyout is likely to nudge contenders to form consortiums. Both Chrys Capital and EQT for example had teamed up to buy Credilla, the education loan business of HDFC Ltd. Some candidates are also open to carving out certain pieces of the business-wealth and capital markets-instead of picking up all the multiple pieces that also include verticals such as asset services (clearing and custody), capital markets including institutional equities (IE) and investment banking (IB), and asset management. General Atlantic, Brookfield, EQT, HSBC and Permira declined to comment. Warburg Pincus, ChrysCapital and CVC Capital didn't respond to queries. PAG remained unreachable. Wealth effect. "So far, most of the candidates are common from last time except a few," said an executive whose company is in the fray. "But it's an expensive buy even after its stock split. Since last September, the stock price is up 37.21%. Even though the Jane Street issue has been dealt with and the company has derisked client concentration, the hypercompetitive landscape of wealth management will weigh in." Nuvama's wealth management segment has become its mainstay with client assets growing to Rs 5.36 lakh crore as of June 30. The group largely caters to affluent and high-networth individuals (HNIs), ultra HNIs (UHNIs), family offices and institutional clients, with products covering investment advisory and management, estate planning, lending and broking services. The asset services business, the second largest portfolio for the group at 30%, was pegged at Rs 1.59 lakh crore as of June 30. Three-fourths of these were assets under custody with the rest under clearing. It is also a prominent player in the institutional equities and investment banking businesses with a leading position in public debt issuances. However, the asset management business is at a relatively nascent stage, comprising alternate investment funds (AIFs) and portfolio management schemes (PMS). This business had an AUM of about Rs 13,261 crore as of June 30-up 12% from a year ago. Robust growth. "The wealth management business continues to see robust flows in the recurring revenue-earning segment," said Prayesh Jain, analyst at Motilal Oswal, earlier this month, following first-quarter results. India represents a significant long-term opportunity for wealth managers as rapid economic growth, rising incomes, entrepreneurship and financialisation of savings create a larger pool of investable wealth. Long seen as the number one player in Hong Kong, HSBC is keen to project its private banking brand into mainland China and neighbouring Asian countries to attract young entrepreneurs and wealthy clients. Most bulge-bracket PE funds - Blackstone, Bain, Carlyle, Advent, and KKR - have written large cheques to back companies in this space. General Atlantic was a major investor in 360 One WAM Ltd (formerly IIFL Wealth Management), a key competitor of Nuvama Wealth, owning a minority 21.6% stake before exiting in 2023. Last year, 360 One acquired UBS's onshore Indian wealth management business in a deal that also saw the Swiss financial giant take a minority 5% stake in the firm. According to a recent PwC report, India's asset and wealth management industry is projected to reach $1.7 trillion in assets under management by 2030, implying a compound annual growth rate of 11.6% since 2024.