On 15 October 2020, Clara-Pensions, the member-first consolidator for defined benefit pension schemes, announced that Wilton Re Overseas Limited, a member of the Wilton Re Group of companies, would join Sixth Street, the global investment firm, in supporting our further growth and development.

The closing of Wilton Re’s initial capital funding was subject to customary antitrust approvals. These approvals were received on 11 December 2020 and the transaction formally closed on 18 December 2020.

For Businesses

Adam Saron, CEO of Clara-Pensions, said: “As we announced in October, Wilton Re’s investment represents a clear vote of confidence in consolidation, the Pension Regulator’s regulatory regime and Clara’s member-first model. Subject to completing The Pension Regulator’s assessment process, with the support of our institutional capital providers, Clara’s member-first model is ready for transactions and to welcome members.”

Clara were advised in this transaction by Houlihan Lokey.

Media contacts
For Clara
Francesca Bliss – fbliss@headlandconsultancy.com / 020 3725 7524
Harriet Smith – hsmith@headlandconsultancy.com / 020 3435 7466
For Sixth Street
Gavin Davis – gdavis@nepean.co.uk / 020 3951 7606
For Wilton Re
Suzzette Chapman – suzzette.chapman@ivari.ca / 1 416 883 5426

About Sixth Street
Sixth Street is a global investment firm with approximately $47 billion in assets under management and committed capital. Sixth Street operates eight diversified, collaborative investment platforms across our growth investing, adjacencies, direct lending, fundamental public strategies, infrastructure, special situations, agriculture and par liquid credit businesses. Our long-term oriented, highly flexible capital base and “One Team” cultural philosophy allow us to invest thematically across sectors, geographies, and asset classes. Founded in 2009, Sixth Street has more than 275 team members including over 140 investment professionals operating from nine locations around the world. For more information about Sixth Street, please visit www.sixthstreet.com

About Wilton Re
Wilton Re is a leading provider of in force and reinsurance solutions in the North American life insurance industry. With our proven experience, we create customized solutions that address the capital and operational needs of our clients. For more information about Wilton Re, please visit www.wiltonre.com