Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance

Peachtree Finds Financing - CORRECTED

Your article was successfully shared with the contacts you provided.

Peachtree Financial Solutions says it has lined up $35 million to $50 million in funding for life contingent structured settlement transactions.

Peachtree, part of Peach Holdings Inc, Boynton Beach, Fla., says a large European bank has agreed to underwrite the funding agreement. The bank also will be the principal distribution agent for buyers of the settlement agreements, Peachtree says.

“Although the markets have been exceptionally difficult, this agreement is another indication that the credit markets are normalizing and that investors recognize the value of these high credit quality, non-correlated assets,” says Hasham Malik, Peachtree’s chief capital markets officer.

CORRECTION: An earlier version of this story described the use of the European bank funding incorrectly.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.