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Life Health > Annuities

Golub Capital Aims to Grow Insurance Business

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Golub Capital hopes to expand its insurance investment banking business.

The New York-based firm has hired Jennifer Potenta to be its managing director, head of insurance solutions.

Potenta will help sell capital-raising and asset-management services to insurers around the world.

Potenta previously was global head of private fixed income and alternatives at MetLife. While there, she managed a $120 billion portfolio of private debt and private equity investments.

What it means: Investment firms continue to look to life and annuity issuers as a great target market.

Golub Capital: Golub has specialized in managing private equity assets, private credit assets and broadly syndicated loan programs. It also has big collateralized loan obligation and business development company programs.

The firm now has $65 billion of capital under management.

In 2023, Golub was one of the lead investors when Reinsurance Group of America set up the Ruby Re “sidecar,” an arrangement that RGA can use to share reinsurance deal risk with outside investors.

Jennifer Potenta: Potenta has a bachelor’s degree from Bucknell and a master’s degree in business from Emory.

She got her start in insurance asset management in 2006, at Voya, and spent about 16 years at MetLife before joining Golub.

Credit: Adobe Stock


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