Kilter Finance, a London, UK-based insurance specialty lender, entered into a binding agreement with KKR in relation to an investment of up to $500m of equity funding.
The company intends to use the funds to make investments into a pipeline of investment opportunities, predominantly in the life, annuity and health insurance sectors.
Founded in 2019 by Dan Knipe, Kilter Finance is a specialty finance company that provides flexible and innovative financing solutions to the financial services sector on a global basis. The investments and loans will generally include exposure to behavioural, biometric and/or asset risks with initial areas of focus being financing life, annuity and health insurers.
Before founding Kilter Finance, Knipe was the Deputy Chief Investment Officer at a $5bn+ London-based asset management firm specialising in the insurance sector.