Tranen Capital Ltd. has launched a new note program, dubbed the Tranen Capital Longevity Notes Ltd. The program offers investors the option to link protective investments to the Tranen Capital Growth Fund Ltd., which manages life settlement policies.
“Investors, such as pension plans, endowments, family offices, and high net-worth individuals, have wanted access to the life settlements market, but have expressed the need to have additional protection measures in place,” says Arthur Bowen, managing director at Tranen Capital. “Tranen Capital brings a suite of protection measures that can be elected based on the risk appetite of each investor.”
The focus of the Growth Fund will be to exploit opportunities in the life settlements market that are often ignored by traditional players in that market. These include policies issued by carriers having credit ratings outside the usual bounds, convertible term policies, distressed policies, as well as other opportunistic acquisitions.