Kuvare Insurance Services Announces Launch of New Leveraged Finance Asset Manager

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Kuvare Insurance Services LP (KIS), a boutique asset manager that oversees approximately $22 billion in primarily investment-grade assets, today announced the commercial launch of a new subsidiary, Katayma Credit Management (Katayma), to focus on the U.S. non-investment grade corporate debt market.

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Friday, March 3, 2023
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Tags: 
Asset Management, Professional Services, Insurance, Finance, American Capital, KIS, British Insurance Services, Lisp (programming language), Growth, SLC, Financial services
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ILLINOIS, UNITED STATES, NORTH AMERICA, CANADA
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KUVARE INSURANCE SERVICES, KUVARE
Summary
Key Points: 
  • Kuvare Insurance Services LP (KIS), a boutique asset manager that oversees approximately $22 billion in primarily investment-grade assets, today announced the commercial launch of a new subsidiary, Katayma Credit Management (Katayma), to focus on the U.S. non-investment grade corporate debt market.
  • Upon the 2022 launch of its third-party asset-management business, KIS broadened its mandate and began managing assets for new insurance company clients, in addition to its historical focus on managing assets exclusively for businesses affiliated with the Kuvare Holdings organization.
  • With the addition of Katayma, KIS’s product offering will expand to include management of collateralized loan obligations (CLOs) and other fund vehicles backed by broadly syndicated leveraged loans.
  • “We are excited to come aboard to provide our expertise to KIS clients, and we are looking forward to establishing a market-leading leveraged finance asset management platform over the coming years,” said Pelletier.


Kuvare Insurance Services LP (KIS), a boutique asset manager that oversees approximately $22 billion in primarily investment-grade assets, today announced the commercial launch of a new subsidiary, Katayma Credit Management (Katayma), to focus on the U.S. non-investment grade corporate debt market.

Upon the 2022 launch of its third-party asset-management business, KIS broadened its mandate and began managing assets for new insurance company clients, in addition to its historical focus on managing assets exclusively for businesses affiliated with the Kuvare Holdings organization. With the addition of Katayma, KIS’s product offering will expand to include management of collateralized loan obligations (CLOs) and other fund vehicles backed by broadly syndicated leveraged loans. Commenting on this launch, Jason Powers, Head of Structured Credit and Strategic Initiatives of KIS said, “As we continue to deepen our presence in the U.S. asset management marketplace, Katayma is an exciting next step in the growth of KIS as it allows us to offer greater breadth and variety to the sophisticated institutional client base we serve.”

Katayma will be led by Mark Pelletier, a seasoned veteran in the space with over thirty years of leveraged finance and structured products experience, most recently as the leader of SLC Management’s Leveraged Finance Group and previously as the founder of the Leveraged Finance Asset Management business at American Capital.

Mr. Pelletier is joined by five other investment professionals with over 20 years of average experience in the asset class, including Juan Miguel Estela and Christian Toro, both of whom worked with him at SLC Management and American Capital. “We are excited to come aboard to provide our expertise to KIS clients, and we are looking forward to establishing a market-leading leveraged finance asset management platform over the coming years,” said Pelletier.

About Kuvare Insurance Services (KIS)

With offices in Rosemont and Chicago in Illinois, and New York City, KIS is a boutique asset-management firm that specializes in building tailored solutions for insurance companies, with the goal of delivering superior risk-adjusted returns. Led by a seasoned team of insurance industry investment professionals and asset class specialists, KIS oversees all investment activities for Kuvare’s operating companies. For more information about KIS, please visit https://kuvare.com/insurance-services.

About Kuvare

Kuvare is a technology-enabled financial services platform that provides insurance, reinsurance, and asset management solutions. Headquartered in Rosemont, Illinois, Kuvare focuses on delivering value-oriented solutions to the middle market. Founded in 2015, Kuvare is committed to a sustainable growth strategy, backed by a consortium of long-term capital partners. The family of Kuvare companies includes Lincoln Benefit Life Company, Guaranty Income Life Insurance Company, United Life Insurance Company, Kuvare Life Re (Bermuda), and KIS. For more information about Kuvare, please visit https://kuvare.com.

Disclaimer

This release may contain or refer to forward-looking statements. Forward-looking statements give expectations or forecasts of the future using terms such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “will,” and other terms tied to future periods. Forward-looking statements are based on assumptions and expectations, and results could differ materially from those expressed or implied therein. The company has no obligation to correct or update any forward-looking statement. Assets under management (AUM) are based on company estimates and are subject to change.

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