Firm News & Announcments
Naz Joins Industry Panel on the Future of Insurance Capital
PAND is pleased to share that our Founder and Managing Partner, Naz Majidi, was recently selected to participate in Insurance Capital 2.0: How GPs are Building Insurance Strategies, a panel hosted by DealCatalyst in partnership with LevFin Insights. The discussion brings together leading industry professionals to explore the evolving role of insurance capital in private markets and how general partners are developing more strategic, long-term approaches to engaging with insurance investors. As insurers continue to become one of the most significant sources of institutional capital, the conversation will focus on the opportunities, challenges, and best practices shaping the market. Naz's participation reflects PAND's ongoing commitment to thought leadership and deep expertise in the fund finance and private capital sectors. We are honored to contribute to this important industry dialogue alongside an outstanding group of panelists.
June 21, 2026
Pand Capital Advises Verdant Rock on BBB+ Rating from Fitch
Pand Capital is pleased to announce its role as Ratings Advisor to Verdant Rock in connection with the company’s successful achievement of a BBB+ Long-Term Insurer Financial Strength Rating with a Stable Outlook from Fitch Ratings. This milestone marks the debut of a new investment-grade-rated monoline insurer focused on providing Basel III and Solvency II-compliant financial guarantees across emerging markets. Verdant Rock is positioned to support a broad range of financing activities, including bank and corporate issuances, structured credit, asset-backed securities (ABS), mortgage-backed securities (MBS), and project finance transactions. Pand Capital served as Ratings Advisor throughout the rating process, providing strategic guidance on rating agency engagement, capital structure, risk management, governance, and overall positioning. Achieving an investment-grade rating requires thoughtful preparation and strong alignment across multiple strategic and operational dimensions. Pand is proud to have supported Verdant Rock through this important milestone. We congratulate Tolga Uzuner and the entire Verdant Rock team on this achievement and look forward to seeing the company expand access to capital and credit enhancement solutions across underserved emerging markets.
June 12, 2026
May 20. 2026
Bloomberg News
Credit Veteran Naz Majidi Starts Pand Capital for Fund Finance
By Scott Carpenter
05/20/2026 11:48:20 [BN]
(Bloomberg) -- Credit-market veteran Naz Majidi is launching a new advisory firm to help asset managers tap fund finance, a market worth more than $1 trillion. Pand Capital will advise managers and investors on raising capital by structuring fund interests into bonds and other debt and equity instruments, according to marketing materials seen by Bloomberg. The firm is partnering with GT Securities to help place the transactions, according to the materials. Private equity and credit firms are increasingly using fund-finance structures to raise capital and generate liquidity. As the sector heats up, the deals have grown larger and more innovative. In April, Carlyle Group Inc. created a novel $8.5 billion vehicle to seed its latest flagship fund, breaking a record for size. Growth is being driven by two forces. Private equity firms haven’t been able to sell companies they purchased years ago at high valuations, putting pressure on liquidity. At the same time, insurance companies are bringing in more cash from surging sales of annuities, creating demand for debt-like instruments tied to private funds. “Private markets are entering a period where capital efficiency and bespoke structuring are increasingly important,” Majidi said in emailed comments. “We founded Pand Capital to help asset managers access insurance capital through tailored solutions, while offering insurers differentiated opportunities aligned with their investment objectives.” Majidi previously shared some of the details about the firm’s launch in a post on LinkedIn earlier this month. “Pand” is the Persian word for advice and guidance. Majidi was most recently a senior managing director at GreensLedge Capital Markets, a boutique firm known for its work with collateralized loan obligations, a roughly $1.3 trillion asset class. She’ll serve as Pand’s chief executive officer. Pand’s focus will include rated feeder notes, collateralized fund obligations and net asset value lines, as well as areas like infrastructure, real estate and maritime finance. To contact the reporter on this story: Scott Carpenter in New York at scarpenter60@bloomberg.net To contact the editors responsible for this story: Dan Wilchins at dwilchins@bloomberg.net Michael B. Marois, Jaren Kerr