Guardian Life Teams with 57 Stars to Launch Emerging Markets Initiative
NEW YORK, May 24, 2011 –– The Guardian Life Insurance Company of America (Guardian) and independent asset manager 57 Stars LLC (57 Stars), announced today the launch of an initiative to make private equity investments in select emerging markets. Guardian and 57 Stars have entered into a separate account agreement through which 57 Stars will commit roughly $100 million of Guardian capital over the next three years in private equity partnerships targeting select emerging markets in Asia, Latin America and Central and Eastern Europe. David Turner, Managing Director and Head of Private