Overview
A. Kuvare Insurance Services LP is a Delaware limited partnership organized on May 8,
2015. The limited partners of Kuvare Insurance Services LP include KIS Holdings Ltd., a
Cayman Islands corporation and KIS Participation LP, a Delaware limited partnership.
Kuvare Insurance Services LLC, a Delaware limited liability company (“General Partner”),
acts as general partner of Kuvare Insurance Services LP.
B. Katayma Credit Management, LLC (“KCM”), a Delaware limited liability company, and
Katayma Loan Management, LLC (“KLM”), a Delaware series limited liability company, are
relying advisers (“Relying Advisers”) of Kuvare Insurance Services LP. Kuvare Insurance
Services LP and its Relying Advisers are collectively referred to herein as “KIS” or the “Firm”.
The Firm also operates under the trade name Kuvare Asset Management (“KAM”).
C. KIS is a boutique investment management firm that provides investment
management and advisory services to institutional clients, with a focus on investors in the
insurance industry. KIS manages or supervises investment assets on a discretionary basis
for certain subsidiaries and affiliates of Kuvare US Holdings, Inc. (“Kuvare”), as well as
offering investment advisory services to unaffiliated clients. The family of Kuvare companies
includes Lincoln Benefit Life Company, Guaranty Income Life Insurance Company, United
Life Insurance Company, Kuvare Bermuda Re Ltd. and Kuvare Life Re Ltd.
D. KIS offers investment advisory and
management services with respect to a variety of
fixed income and equity asset classes, including primarily private asset-backed and
structured credit, private corporate credit, and commercial real estate debt. Kuvare
Insurance Services LP, through the Relying Advisers, provides investment advisory services
to collateralized loan obligations (“CLOs”) and other institutional clients that invest in debt and
equity obligations issued by CLOs. Additionally, KIS seeks to leverage its relationships with
major banks and sponsors of broadly syndicated loans (“BSL”) and its knowledge of underlying
collateral portfolios and CLO structures to source CLO investments from the new issuance and
secondary BSL market as dealers bring new BSLs to market.
E. KIS may tailor its advisory services to the individual needs of its clients and, as a
result, KIS may be instructed by clients to limit or restrict certain investments for a particular
client. Any such limitations or restrictions are generally set forth in the applicable
investment management agreement for that client, in the case of CLOs, in the collateral
management agreement and indenture, and in the case of institutional clients that are
structured as investment funds that invest in CLOs, the limited partnership agreements
governing such investment funds.
F. As of December 31, 2023, KIS manages or supervises approximately $27,493,188,244
on a discretionary basis and $85,445,188 on a non-discretionary basis.