Kuvare Asset Management (KAM), a boutique asset manager that oversees $19 billion in assets for Kuvare’s insurance operating companies, has launched a third-party asset management business.

“Insurance investors continue to be motivated to search for yield against a backdrop that remains challenging,” Brian Roelke, chief investment officer at KAM, said. “KAM has constructed bespoke private credit solutions in-house to augment Kuvare’s core fixed income assets, originating approximately $5 billion in primarily investment grade private credit at attractive book yields vs. publicly-traded comparables.”

KAM has been building its team of insurance industry professionals for the last two years under Roelke and plans to extend its business across private asset-backed and structured credit, private corporates, and commercial mortgage debt to non-affiliated insurance clients.

The company announced three new hires to the venture. Ana Morales joins KAM as head of business development and product strategy and will be responsible for building the KAM third-party asset management platform. Previously she worked as senior relationship manager in Goldman Sachs’ insurance asset management business.

Joseph Orofino joins as head of investment risk management. Most recently he worked at Further Global Capital Management.

Thomas Pasuit joins as chief legal officer from MetLife.

Published February 7^th, 2022, at www.insuranceassetrisk.com