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Berkshire Hathaway acquires stake in Financial Credit Investment

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Berkshire Hathaway acquires stake in Financial Credit Investment

Berkshire Hathaway Life Insurance Co. of Nebraska disclosed stakes in Grand Cayman-based investment firms that own portfolios of life insurance policies.

In July, it acquired a 50% limited partnership interest in Grand Cayman-based investment firm Financial Credit Investment III LP. At Sept. 30, Financial Credit was carried at cost of $85.1 million.

In November, the company acquired a 25% limited partnership interest in Financial Credit Investment III SPV-B LP.