Schulte Roth & Zabel represented Miravast Asset Management, LLC (“Miravast”), a vertically integrated asset management company with over $1 billion in assets under management, in the closing of $346,050,000 in commitments in Miravast ILS Credit Opportunities II LP (the “Fund”).
The Fund is the second vintage of Miravast’s flagship offering that focuses on life contingent assets, chiefly life settlements. The Fund features a global investor base that includes public and private pensions and insurance companies.
The Schulte team was led by partners Stephanie Breslow, Co-Head of the Investment Management Group and Daniel Blumenthal and included associate Michael Jaroslawicz. Partners Thomas Weinberger and Stephen Schauder represented the Fund on matters relating to life settlements.