Corry Capital Advisors has closed its latest fund to invest in life settlements, a strategy that aims for consistent returns unaffected by broader economic conditions.
The fund, CCA Longevity III DAC, closed with $534 million, said Bill Corry, the firm’s founder and general manager.
The firm specializes in providing investment management to investors seeking uncorrelated returns in the Life Settlement asset class. They invest in non-contestable Life Insurance policies and utilize a proprietary methodology. Their investor base consists of Pension Plans, Insurance Companies, University Endowments, Foundations, Sovereign Wealth Funds, and Family Offices.
Source: Wall Street Journal
Can’t stop reading? Read more
IK Partners bolsters sustainability portfolio with Tecomatic acquisition
IK Partners bolsters sustainability portfolio with Tecomatic acquisition IK Partners agreed to...
OMERS taps former Temasek executive to lead $19bn private equity division
OMERS taps former Temasek executive to lead $19bn private equity division OMERS appointed...
Vista-backed Finastra explores $4bn refinancing as private credit market shifts
Vista-backed Finastra explores $4bn refinancing as private credit market shifts Vista Equity...