26North
26North Partners LP is a New York-based, multi-asset class alternatives platform founded in 2022 by Josh Harris, operating Private Equity, Credit (Direct Lending and Investment Grade Alpha), and Insurance Solutions across more than $35 billion in AUM for institutional investors and insurance cedants.
- Company typePrivate
- Founded2022
- HeadquartersNew York, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What 26North does
26North Partners LP is a New York-based, privately held multi-asset class alternatives platform founded in 2022 by Josh Harris, co-founder of Apollo Global Management. The firm operates three core investment platforms — Private Equity, Credit (comprising Direct Lending and Investment Grade Alpha), and Insurance Solutions (centered on the 26North Re platform) — unified by a Cross-Platform Strategy and integrated cross-asset investment committees, with the Alpha Creation Team (ACT) embedded across 30+ industries to support origination, diligence, and portfolio operations.
The platform's underlying technology centers on a "next-generation" integrated architecture: cross-asset class investment committees enable knowledge-sharing across PE, Direct Lending, Insurance, and IGA, while the ACT team uses data-enabled tools and proprietary analytics to optimize portfolio companies. The Investment Grade Alpha platform operates a bespoke origination engine spanning asset-backed finance, real asset, fund finance, and corporate credit, with multiple sourcing channels including direct relationships, third-party partnerships, and controlled platforms. The Insurance Solutions platform is structured through reinsurance vehicles in Bermuda (AeBe ISA Ltd., A- rated by KBRA) and the Cayman Islands (AeCe ISA Ltd., Vernon Re SPC Ltd.).
The business model relies on institutional capital formation: 26North raises from pension plans, sovereign wealth funds, endowments, foundations, insurance companies, and family offices via a dedicated Business Development & Capital Formation team, generating management fees and performance fees across PE, Direct Lending, IGA, and reinsurance mandates. As of 12.31.2025 the firm reported approximately $25 billion in AUM, 53+ investment professionals, and 113 employees, with AUM growing to over $35 billion by April 2026 alongside the final close of a $5.9 billion inaugural private equity fund — the largest first-time U.S. private equity fund ever raised. Recent platform-building acquisitions include ArchKey Solutions, Onelife Fitness, AVI-SPL, Composition Brands (Middleby Residential Kitchen JV), Intermedia Intelligent Communications ($1.2B announced), and the pending Independent Insurance Group acquisition to establish a U.S. onshore insurance platform.
26North firmographics
Firmographics- Name
- 26North
- Legal name
- 26North Partners LP
- Website
- https://www.26n.com/
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- 26North Partners LP is a New York-based, multi-asset class alternatives platform founded in 2022 by Josh Harris, operating Private Equity, Credit (Direct Lending and Investment Grade Alpha), and Insurance Solutions across more than $35 billion in AUM for institutional investors and insurance cedants.
- Ownership category
- akta.pro rank
26North industry classification
Industry- Product category
- Alternative Asset Management
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), Investment Banking and Securities Intermediation (523150), Other Financial Investment Activities (5239)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Asset-Backed Securities (6189)
- akta.pro primary industry
- Real Assets — Fund-of-Funds & Secondaries (FSAAAKAK)
- akta.pro secondary industries
- Private Credit / Direct Lending (FSAAAHAG), Large-Cap / Sponsor Finance Direct Lending (FSANADAJ)
Keywords
Where 26North is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Markets served
26North business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Private Equity Management & Performance Fees: Management fees and potential carried interest from $5.9B inaugural private equity fund investing in upper-middle market across Industrials & Services, Financial Institutions, and Tech, Media & Telecom. Capital commitments sourced from pension plans, sovereign wealth funds, endowments, foundations, insurance companies, and family offices.
- Direct Lending Interest & Fees: Interest income and fees from direct lending to US-domiciled middle-market companies across the credit spectrum, employing a private equity-style underwriting approach with thematic alpha creation.
- Investment Grade Alpha Returns: Enhanced, risk-adjusted returns from originating investment-grade quality assets for insurance companies, pensions, family offices, and sovereign wealth funds across Asset-Backed Finance, Real Asset, Fund Finance, and Corporate Credit.
- Reinsurance Premiums & Investment Income: Premium and investment income from 26North Re reinsurance operations through Bermuda (AeBe ISA Ltd., Vernon Re SPC Ltd.) and Cayman (AeCe ISA Ltd.) domiciled entities, offering customizable reinsurance structures and certainty of execution to cedants.
- Forward Flow / Asset Purchase Income: Investment returns from forward flow agreements and structured credit facilities, such as the $550M partnership with Watercress Financial, $175M Renew Financial asset purchase, and $250M Stream Innovations home improvement loan purchase.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Not publicly disclosed; quote-based for institutional LPs and insurance cedants |
Go-to-market motion3 records
26North product offering
Product offeringCore offering
26North operates as a next-generation, multi-asset class alternative asset management platform, raising and deploying institutional capital across three integrated pillars: Private Equity (upper-middle-market buyouts), Credit (Direct Lending and Investment Grade Alpha), and Insurance Solutions (reinsurance through 26North Re). The firm generates revenue primarily through management fees and carried interest on committed capital, interest income from credit strategies, and reinsurance premium and investment income.
Product overview
26North operates as a next-generation, multi-asset class alternatives platform (founded 2022, ~$25B AUM as of 12.31.2025) that is structured as a platform-plus-modules architecture. The offering is unified under a single firm brand but organized into three core investment platforms — Credit (with two sub-modules, Direct Lending and Investment Grade Alpha), Insurance Solutions (centered on the 26North Re platform with three reinsurance vehicles: AeBe ISA Ltd., AeCe ISA Ltd., and Vernon Re SPC Ltd.), and Private Equity — that work together through the firm's Cross-Platform Strategy and integrated investment committees. Supporting functions include the Alpha Creation Team (ACT), Enterprise Solutions (internal operating backbone), and Investor Relations (capital formation), all connected by 26North's partnership-first, alpha-oriented investment philosophy.
Differentiator
Problem solved
Functional benefit
Brands
- 26North Re: Reinsurance platform offering flexible reinsurance solutions to insurance clients through Bermuda- and Cayman-domiciled vehicles; established October 2022.
- Investment Grade Alpha
- Composition Brands
Products and services
- Private Equity
- Direct Lending
- Investment Grade Alpha
- Insurance Solutions (26North Re)
Companies that use 26North
Customer profileIdeal customer profiles3 records
26North technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
26North partnerships and signals
Strategic signalRecent moves7 records
Expansion highlights6 records
26North competitors and assessment
Company assessmentBroad incumbents
- Blackstone:
- Apollo Global Management: 26North's most direct conceptual analogue: a multi-asset alternatives platform spanning private equity, private credit, and insurance/retirement solutions, co-founded by Josh Harris — the founder of 26North. Comparable in strategy mix, GP-stake economics, and insurance-linked balance sheet, but at vastly greater scale.
- KKR:
- Carlyle Group:
- Brookfield Asset Management:
- Blackstone Credit (formerly HPS Investment Partners):
Direct peers
Emerging players
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights8 records
Customer concentration
26North social profiles
Digital presence26North compliance and trust
Trust signalCompliance4 records
26North financial estimates
Financial estimateRevenue estimate
Valuation estimate
26North leadership team
Management profileNumber of profiles
Profiles21 records
26North subsidiaries and ownership
Company hierarchySubsidiaries5 records
26North funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
26North M&A and investment
M&A and investmentM&A7 records
Investments5 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about 26North
What does 26North do?
26North operates as a next-generation, multi-asset class alternative asset management platform, raising and deploying institutional capital across three integrated pillars: Private Equity (upper-middle-market buyouts), Credit (Direct Lending and Investment Grade Alpha), and Insurance Solutions (reinsurance through 26North Re). The firm generates revenue primarily through management fees and carried interest on committed capital, interest income from credit strategies, and reinsurance premium and investment income.
Is 26North a public or private company?
26North is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was 26North founded?
26North was founded in 2022. It employs 1 to 10 people.
Where is 26North based?
26North is headquartered in New York, United States, in the North America region.
How does 26North make money?
Five revenue lines are on record. Private Equity Management & Performance Fees are the primary driver. The others are direct Lending Interest & Fees, investment Grade Alpha Returns, reinsurance Premiums & Investment Income and forward Flow / Asset Purchase Income.
Who are 26North's main competitors?
Broad incumbents on record are Blackstone, Apollo Global Management, KKR, Carlyle Group, Brookfield Asset Management and Blackstone Credit (formerly HPS Investment Partners). Direct peers are Ares Management, Sixth Street Partners and Blue Owl Capital. StepStone Group is listed as an emerging player.
Does 26North have an API?
No public API is recorded for 26North.
What industry is 26North in?
26North's product category is Alternative Asset Management. Its primary akta.pro industry code is FSAAAKAK, Real Assets — Fund-of-Funds & Secondaries, with a secondary code of FSAAAHAG, Private Credit / Direct Lending. Its NAICS code is 525 and its SIC code is 6211.