Kuvare Insurance Services Announces Launch of New Leveraged Finance Asset Manager
Retrieved on:
Friday, March 3, 2023
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.
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.