SCHEDULE: W. R. Berkley Discloses 8.3% Stake in Cartesian Growth II
Beneficial Ownership Report
W. R. Berkley Corporation and its subsidiary Berkley Insurance Company have disclosed a beneficial ownership of 8.3% in Cartesian Growth Corporation II's Class A Ordinary Shares.
Summary
- W. R. Berkley Corporation and its subsidiary, Berkley Insurance Company, collectively reported beneficial ownership of 1,080,913 Class A Ordinary Shares of Cartesian Growth Corporation II.
- This ownership represents 8.3% of the Class A Ordinary Shares outstanding.
- The calculation of the ownership percentage is based on 12,999,710 Class A Ordinary Shares outstanding as of May 14, 2025, as reported in the Issuer's Form 10-Q filed on May 15, 2025.
- The shares are held with shared voting power and shared dispositive power.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: This is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
NA
Industry Context
This filing indicates a significant passive investment by a major insurance and diversified holding company, W. R. Berkley Corporation, in a Special Purpose Acquisition Company (SPAC). Such investments are common for institutional investors seeking exposure to specific market segments or potential merger opportunities that SPACs represent.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional investor holding an 8.3% stake may be viewed positively, indicating confidence from a reputable entity, though the filing states the shares are held in the ordinary course of business and not for control.
Key Dates
| Date | Description |
|---|---|
| 2025-05-14 | Date as of which Cartesian Growth Corporation II had 12,999,710 Class A Ordinary Shares outstanding, used for ownership percentage calculation. |
| 2025-05-15 | Date Cartesian Growth Corporation II filed its Form 10-Q, disclosing outstanding shares. |
| 2025-06-30 | Date of event which required the filing of this statement. |
| 2025-08-08 | Date the Schedule 13G was signed and filed. |
Keywords
W. R. Berkley Corporation, Berkley Insurance Company, Cartesian Growth Corporation II, Class A Ordinary Shares, Beneficial Ownership, SEC Filing, Schedule 13G, Institutional Investor, Equity Stake
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