Overview
Miravast Asset Management, LLC, (the "Adviser" or "Miravast") is a Delaware limited
liability company organized on June 27, 2016. No person owns 25%, or more, of the Adviser.
The Adviser's investment advice is limited to providing investment advice related to life
contingent assets, specifically life settlements, which are longevity-based investments whose
return is primarily derived by the longevity of an underlying life that is insured by a life
insurance policy sold in the secondary market for life insurance.
The Adviser primarily offers its investment advice to three private partnerships (each a
“Partnership” and together, the “Partnerships”) on a discretionary basis and certain separately
managed accounts ("SMA") on a non-discretionary basis. For regulatory purposes, two of the
Partnerships invests
substantially all its assets in an Irish Designated Activity Company
(“DAC”), which invests in life contingent assets. While the DAC is separate legal entity
where unaffiliated directors make the final investment decisions, one of the Partnerships
controls the DAC, which has entered into an investment advisory agreement with Miravast.
The Adviser manages the Partnerships in accordance with the objectives and strategies
outlined in each Parentship’s respective offering documents and does not tailor its investment
advice to the individual needs of investors. The Adviser will tailor its investment advice to
the needs of SMAs.
As of 12/31/2023, Miravast advises on $ 787,514,488 million of regulatory assets
under management on a discretionary basis and $385,773,907 on a non-discretionary basis.