Farsight Partners, a UK insurance specialty finance investment adviser based in London, has finalised an agreement with funds managed by AB CarVal to source and advise on up to $1bn of transactions, primarily across Europe and the US.
Farsight Partners invests in specialty finance transactions linked to primarily life and health insurance outcomes. AB CarVal is an established global alternative investment manager with more than 37 years of experience in speciality and asset-based finance.
“The sophisticated team at AB CarVal understands our strategy and provide complementary expertise. We look forward to working with them in developing innovative transactions with insurance counterparties,” said Paul Whiting, Founder and CEO of Farsight Partners.
“Insurance-linked financing is a natural extension and complement to our established alternative credit platform and asset-based finance strategies, offering familiar structures with a diversifying source of risk. We are pleased to be working with Farsight Partners whose experience and knowledge in sourcing, underwriting and managing these assets is a key differentiator in this market,” added Robert Sinclair, Managing Director at AB CarVal.
Farsight Partners was advised by Clockhouse Capital on the agreement.