Private Insurance Debt PriDe

Overview

  • Unleveraged closed-end AIF with expected 10 years maturity, investing in subordinated private debt securities issued by small and medium-sized non-rated European insurance companies
  • The fund intends to raise about €1 bn in this programm through several closings
  • Regulated funds: French (FCT) and Luxembourg (SIF) funds
  • First closing date: 15 July 2014, with €238M
  • Second closing: in January 2017 with €300 M in funds and separate accounts
  • More PriDe funds planned for 2018-2019
  • Investors of the first fund are institutional investors located in Europe
  • Investment Advisor: Cohen & Company Financial Limited

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