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
Carlyle edges ahead in €6bn pursuit of BASF’s coatings division
Carlyle edges ahead in €6bn pursuit of BASF’s coatings division Carlyle Group has emerged as the...
CVC expands US footprint with $1.75bn acquisition of data-driven insurer Bamboo
CVC expands US footprint with $1.75bn acquisition of data-driven insurer Bamboo CVC Capital...
Bain Capital closes $14bn flagship buyout fund, topping $10bn target
Bain Capital closes $14bn flagship buyout fund, topping $10bn target Bain Capital has completed...