Zurich Group $2bn venture with Capital Z

Capital Z Partners and Zurich Financial Services Group have formed a global alternative asset management company, Capital Z Investment Partners. Zurich, a global financial services provider, will invest $2bn in the new company. Capital Z, an independently owned alternative asset management firm, and its principals have managed around $4.4bn since 1990. Capital Z's two flagship funds, raised in 1998, are Capital Z Investments LP (CZI), a $1.5bn alternative investment fund, and Capital Z Financial Services Fund II LP (CZF II), a $1.85bn private equity fund focused on the financial service...