Clara secures £225m backing from TPG Sixth Street Partners

James Phillips
clock • 2 min read

Defined benefit (DB) consolidator Clara will get up to £500m of capital backing from global credit investment firm TPG Sixth Street Partners (TSSP), paving the way for its first deals.

An initial £225m has been pledged to the consolidator, although money will be transferred to Clara as and when deals are struck, while ensuring there is an adequate capital buffer. The finance c...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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