Leading NZ life and health insurer Partners Life has confirmed a $200 million investment commitment from funds managed by Blackstone Tactical Opportunities. The New York-headquartered Blackstone is listed on the New York Stock Exchange and is one of the world’s largest asset managers with more than NZ$500 billion (US$344 billion) in assets under management. Its substantial capital investment in Partners Life equates to a significant minority shareholding in the company, and follows Blackstone’s recent purchase of five New Zealand retirement villages. The investment in Partners Life is subject to shareholder and regulatory approvals. Watch video here.