The Icosa Cat Bond Fund, the disaster bond fund technique distributed by Icosa Investments, has continued to draw new inflows from buyers in current months, now rising the fund to US $428 million in belongings as of this week.
Having last reported on the fund back in mid-December 2024, when it had simply surpassed US $300 million in cat bond belongings underneath administration, the technique has grown by roughly 43% in simply over three months.
Icosa Investments, a specialist disaster bond funding supervisor based in Switzerland by former Twelve Capital govt Florian Steiger and Swiss monetary providers and capital markets specialist Jordan Nickerson, solely opened its business and launched its first catastrophe bond fund at the beginning of 2024.
The Icosa Funding Umbrella Fund – CAT Bond Fund, a Liechtenstein based mostly UCITS technique, was launched with an preliminary seed funding of round $15 million.
The Icosa cat bond fund had greater than doubled in belongings underneath administration phrases by April 2024, reaching round $45 million.
After which, further investor commitments drove the fund to $75 million of cat bond belongings underneath administration by the center of Could 2024, earlier than then hitting the $100 million milestone in AUM before June.
The Icosa Cat Bond Fund then grew to $130 million in belongings throughout June, earlier than accelerating to surpass $200 million by mid-August 2024.
Earlier than the top of final yr the $300 million milestone was surpassed and Icosa Investments has continued to lift new capital to broaden the fund to the brand new excessive of $428 million as of this week.
Florian Steiger, CEO of Icosa Investments, commented to us that, “Reaching this milestone in simply over a yr means an awesome deal to us. We’re really grateful for the belief of buyers.
“From the very starting, we’ve believed {that a} balanced risk-return profile, aligned pursuits, and trustworthy, clear communication are important not just for delivering robust efficiency but additionally for constructing lasting relationships.”
With the catastrophe bond market continuing to experience rapid growth and record levels of issuance in 2025 and the pipeline already building for the second-quarter, managers’ have a superb alternative to proceed attracting new capital from buyers, helped by the very fact the asset class continues to achieve in profile phrases as nicely.
Icosa Investments AG is listed in our directory of insurance-linked securities (ILS) fund managers.
