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SageSure makes strategic investment in Pillar Capital Management

The investment follows an expansion of SageSure’s existing debt facility with Ares Management, and TransRe has exited its stake in Pillar.

Reported · Written up by our desk · Industry & Deals

SageSure has made a strategic investment in Pillar Capital Management, a Bermuda-based manager of collateralized reinsurance and insurance-linked securities (ILS) funds, according to Artemis and Coverager.

Pillar, founded in 2008 and led by CEO and Chief Investment Officer Stephen Velotti, reported around $4.3 billion in assets under management as of June 30, 2026, and its management team is set to continue leading the firm with a substantial ownership stake.

Artemis reports that the transaction also marks the exit of TransRe, a Berkshire Hathaway company, from its stake in Pillar, with SageSure stepping in as a key backer.

Coverager adds that SageSure’s existing debt facility with long-standing capital partner Ares Management was expanded to support the investment.

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