Icosa Investments disaster bond fund technique that was launched firstly of this 12 months has now reached a brand new milestone in surpassing US $300 million in property, as success in elevating inflows continued in latest months.
Icosa Investments, a Swiss-based disaster bond funding supervisor based by former Twelve Capital govt Florian Steiger and Swiss monetary providers and capital markets specialist Jordan Nickerson, solely began its business and launched its first catastrophe bond fund at the start of this year.
The Icosa Funding Umbrella Fund – CAT Bond Fund, a Liechtenstein primarily based fund and a UCITS technique, was launched with an preliminary seed funding of round $15 million.
By April 2024, the Icosa cat bond fund had grown in property below administration phrases to round $45 million.
Extra investor commitments got here via in Might and the fund reached $75 million of cat bond property below administration by the center of that month, earlier than then quickly reaching the milestone of $100 million in AUM before that month was over.
The Icosa CAT Bond Fund then reached $130 million in property by June, earlier than accelerating to surpass $200 million by mid-August 2024.
Now, the corporate has stated at this time that the $300 million stage was surpassed, saying, “We lengthen our honest gratitude to our esteemed buyers and our invaluable companions for his or her unwavering help.”
Florian Steiger, CEO of Icosa Investments, commented on the brand new property below administration (AUM) milestone, “Amidst the present record-high inventory market circumstances, buyers are more and more searching for various threat mitigation methods.
“Cat bonds present an distinctive technique of diversifying portfolios in opposition to market volatility.”
Icosa Investments AG is listed in our directory of insurance-linked securities (ILS) fund managers.
