Kuvare Asset Management Announces Launch Of New Leveraged Finance Asset Manager
CHICAGO-(BUSINESS WIRE)-Kuvare Asset Management (KAM), 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, KAM 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, KAM’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 KAM 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 Asset Management (KAM)
As the investment manager of Kuvare, KAM oversees all investment activities for Kuvare’s operating companies. KAM also provides investment management services to third-party clients. KAM has offices in New York City, Chicago and Rosemont, IL.
Kuvare is a technology-enabled financial services platform that provides insurance, reinsurance, and asset management solutions. The firm delivers its retail solutions, with a focus on annuity and other asset accumulation products, to the U.S. market and its institutional solutions to a wide range of clients globally.
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, and the Kuvare Asset Management (KAM) adviser entities. Kuvare was founded in 2015 and is headquartered in Chicago, IL. For more information about Kuvare, please visit www.kuvare.com
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.