Berkley Insurance Holds 1,080,913 Class A Shares (8.3%) in Cartesian II

Rhea-AI Filing Summary

W. R. Berkley Corporation and Berkley Insurance Company report beneficial ownership of 1,080,913 Class A Ordinary Shares of Cartesian Growth Corporation II, representing 8.3% of the Class A shares based on 12,999,710 outstanding Class A shares. The holders report shared voting and shared dispositive power over these shares and no sole voting or sole dispositive power.

The filing includes a certification that the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer. The issuer's principal executive office address is listed as 505 Fifth Avenue, 15th floor, New York, NY 10017.

Positive

• Material ownership: Holding of 1,080,913 Class A shares (a substantial, single-holder stake).
• Significant percentage: Stake represents 8.3% of Class A shares, above the 5% reporting threshold.
• Clear certification: Reporting persons state the shares are held in the ordinary course and not to change control.

Negative

• No sole control: Reporting persons report 0 sole voting power and 0 sole dispositive power.
• Shared power only: Shared voting and dispositive power may limit the ability to unilaterally influence company decisions.

Insights

Financial Analyst

TL;DR: 8.3% passive stake via shared power; material holding but not a controlling position.

The reporting persons together hold 1,080,913 Class A shares, equal to 8.3% of the outstanding Class A stock (12,999,710 shares). The entry shows shared voting and dispositive power and 0 sole voting/dispositive power, and includes a certification that the position is held in the ordinary course and not to effect control. For investors, this signals a material equity exposure from a reputable insurer but not an immediate change in governance or control dynamics based on the filing alone.

Corporate Governance Expert

TL;DR: Reported holdings are passive and shared; governance influence is limited absent sole control or a 13D-style disclosure.

The filing records shared voting/dispositive authority over 1,080,913 shares and explicitly certifies the securities are not held to influence control. This aligns with a passive investor profile under the Schedule 13G framework and suggests limited unilateral governance influence from these reporting persons based on the disclosed ownership and power breakdown.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Cartesian Growth Corporation II

(Name of Issuer)

Class A Ordinary Shares, par value $0.0001 per share

(Title of Class of Securities)

G19305112

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G19305112

1

Names of Reporting Persons

W. R. Berkley Corporation

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,080,913.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,080,913.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,080,913.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.3 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP No. G19305112

1

Names of Reporting Persons

Berkley Insurance Company

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,080,913.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,080,913.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,080,913.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.3 %

12

Type of Reporting Person (See Instructions)

IC, CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Cartesian Growth Corporation II
(b)	Address of issuer's principal executive offices: 505 Fifth Avenue, 15th floor, New York, NY 10017
Item 2.
(a)	Name of person filing: The information required by Item 2(a) is set forth in Row 1 of the cover page hereto for each Reporting Person and is incorporated herein by reference for each such Reporting Person.
(b)	Address or principal business office or, if none, residence: The address of each Reporting Person is: 475 Steamboat Road Greenwich, CT 06830
(c)	Citizenship: The information required by Item 2(c) is set forth in Row 4 of the cover page hereto for each Reporting Person and is incorporated herein by reference for each such Reporting Person.
(d)	Title of class of securities: Class A Ordinary Shares, par value $0.0001 per share
(e)	CUSIP No.: G19305112
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information required by Items 4(a)-(c) is set forth in Rows 5-11 of the cover page hereto for each Reporting Person and is incorporated herein by reference for each such Reporting Person. Calculation of the ownership percentage set forth in Row 11 is based on the Issuer's publicly available Form 10-Q filed May 15, 2025, which states that the Issuer had outstanding 12,999,710 Class A Ordinary Shares as of May 14, 2025.
(b)	Percent of class: 8.3 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0.00
	(ii) Shared power to vote or to direct the vote: 1,080,913.00
	(iii) Sole power to dispose or to direct the disposition of: 0.00
	(iv) Shared power to dispose or to direct the disposition of: 1,080,913.00
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99.1.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

W. R. Berkley Corporation

Signature:	By: /s/ Richard M. Baio
Name/Title:	Richard M. Baio, Executive Vice President and Chief Financial Officer
Date:	08/08/2025

Berkley Insurance Company

Signature:	By: /s/ Richard M. Baio
Name/Title:	Richard M. Baio, Executive Vice President and Treasurer
Date:	08/08/2025

FAQ

How many Class A shares of Cartesian Growth Corporation II does W. R. Berkley own (RENEW)?

1,080,913 Class A shares, representing 8.3% of Class A shares based on 12,999,710 outstanding Class A shares.

Does W. R. Berkley have sole voting control over its Cartesian Growth II shares (RENEW)?

No. The filing reports 0 sole voting power and 1,080,913 shared voting power.

Is this filing indicating an activist intent by W. R. Berkley or Berkley Insurance (RENEW)?

The filing includes a certification that the securities are held in the ordinary course of business and were not acquired to change or influence control, indicating a passive holding as stated.

What class of securities and CUSIP are reported in the filing for Cartesian Growth Corporation II (RENEW)?

Class A Ordinary Shares, CUSIP G19305112.

Where are the reporting persons organized and what address is provided for the reporting entities?

Both reporting persons list Delaware as place of organization; the address for the reporting persons is 475 Steamboat Road, Greenwich, CT 06830.