Kuvare Insurance Services (KIS), a boutique asset manager that oversees approximately $22 billion in primarily investment-grade assets, launched a new subsidiary, Katayma Credit Management, to focus on the U.S. non-investment grade corporate debt market._x000D_
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Upon the 2022 launch of its third-party asset-management business, KIS 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, KIS’s product offering will expand to include management of collateralized loan obligations (CLOs) and other fund vehicles backed by broadly syndicated leveraged loans._x000D_
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“As we continue to deepen our presence in the U.S. asset management marketplace, Katayma is an exciting next step in the growth of KIS as it allows us to offer greater breadth and variety to the sophisticated institutional client base we serve,” Jason Powers, head of structured credit and strategic initiatives of KIS, said._x000D_
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Katayma will be led by Mark Pelletier, a veteran in the space with more than 30 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._x000D_
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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._x000D_
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“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,” Pelletier said.
Forward for Specialty Finance
