P&I

AM Best Affirms Credit Ratings of Korea P&I Club

Retrieved on: 
Friday, August 20, 2021
Insurance, Professional Services, Industry, International Group, Ship, Pressure, P&I, Communication, AM Best, Policy, Insurance, Credit, American International Group, Marketing, ALL, KRW, Risk management, KP, News, AM, Reinsurance

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Korea P&I Club (KP&I or the Club) (South Korea).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Korea P&I Club (KP&I or the Club) (South Korea).
  • The ratings also acknowledge the wide range of support that the Club receives from the South Korea government.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

Star Mountain Capital Closes its Oversubscribed SBIC Fund at $290 Million Including SBA Leverage

Retrieved on: 
Thursday, August 19, 2021
Banking, Professional Services, Finance, SBIC, Employment, LLC, Ministry of Health & Wellness, Program, Investment, Pension, New Mountain Capital, Commercial bank, P&I, Biophysical environment, Winston & Strawn, Silver Star Mountain Resort, AUM, SBA, The Last Best Place, Alpha, Small business, LP, Philosophy, Growth Engineering, LPAC, Partnership, CEO, ESG, Publication, Culture, 100 Best Companies to Work For, Woman, Social, Economic development, Company, Bank, Financial services, Lithium, Risk management, Financial adviser

This fund provides Star Mountain with additional capital to make value-added debt and equity investments in established U.S. small and medium-size businesses that generally have between $15 million and $250 million in annual revenues.

Key Points: 
  • This fund provides Star Mountain with additional capital to make value-added debt and equity investments in established U.S. small and medium-size businesses that generally have between $15 million and $250 million in annual revenues.
  • We are honored and delighted to have such strategic and high caliber investors to partner with us and the SBA in our SBIC fund, said Brett Hickey, Star Mountain Capital Founder & CEO.
  • Our team at Magnetar has known the Star Mountain team for many years and we are delighted to make this strategic investment with them.
  • Star Mountain and the SBIC program is a winning combination for investors, businesses owners, and the US economy.