Independent alternative investment firm FoxPath Capital Partners has entered a long-term partnership with Reinsurance Group of America (RGA). As part of the agreement, RGA will make a strategic investment in FoxPath and serve as a multi-fund anchor investor.
FoxPath, established in 2023 by Tony Colarusso (pictured above, left), Brian Laureano and Alexander Truss, provides private market liquidity solutions and focuses on value-oriented investment opportunities across the private credit sector. The firm targets a range of credit secondaries, including LP-led and GP-led transactions as well as structured solutions.
Colarusso, FoxPath’s managing partner, said the partnership with RGA will help accelerate FoxPath’s growth and expand its platform.
“Private credit has grown significantly over the last decade, and we believe secondaries will play an increasingly important role in delivering liquidity and efficiency to the market,” Colarusso said.
Brian Laureano, chief investment officer at FoxPath, noted the firm’s ability to navigate the credit spectrum and offer tailored solutions to investors and managers.
“We’ve built a differentiated platform, backed by what we believe is an industry-leading team and best-in-class underwriting approach,” Laureano said. RGA’s investment underscores its commitment to supporting new investment platforms with the potential for long-term value in alternative markets.
In addition to its partnership with FoxPath, RGA has been active in executing large-scale reinsurance transactions in 2025. The company recently completed a US$3.2 billion reinsurance deal with Equitable Holdings, covering a substantial block of annuity business. This transaction further strengthens RGA’s position in the US retirement and annuity market.
RGA also signed a US$350 million Swiss disability annuity reinsurance agreement with Allianz. The deal, which covers Swiss disability annuity business, marks a significant step for RGA in broadening its reach within the European disability insurance sector.
“We are proud to support the launch of FoxPath with our anchor investment, continuing RGA’s history of backing distinctive asset management firms,” said Leslie Barbi (pictured above, right), executive vice president and chief investment officer at RGA.
Barbi added that FoxPath’s platform is positioned to deliver innovative capital solutions in the credit secondary market and that RGA looks forward to supporting the firm’s leadership team as it grows.
FoxPath will maintain independent control over its investment and operational decisions. The firm plans to expand its investment team and continue evaluating opportunities in North America and Europe.
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