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Laxman Pai, Opalesque Asia: AXA IM Alts, the alternative investment arm of French insurer AXA, has raised over €2.3 billion ($2.5 billion) in its Significant Risk Transfer (SRT) strategy exceeding its target.
This includes circa €1.2 billion ($1.3 billion) total capital raised for its Partner Capital Solutions 9 Fund, (PCS9), alongside parallel separate managed account (SMA) mandates for a total of €1.1 billion ($1.2 billion), said a media release from the alternative business firm with over €184 billion ( $198 billion) of assets under management.
SRT is a structurally growing market as SRT transactions have become a fundamental balance sheet management tool for many banks, according to the release. SRT transactions also provide investors the opportunity to access banks' core performing loans at attractive spreads, providing access to stable cash flows, an important source of diversification and uncorrelated returns.
"As an established and recognized player, AXA IM Alts has a unique access to all originating banks globally and all underlying asset classes which allows for the selection of the best opportunities available on the market. With 110 deals closed since the launch of the strategy, AXA IM Alts has successfully demonstrated the capacity to deploy selectively and generate returns throughout all market cycles," it said.
A total of 46 investors have provided the firepower, which comprises $1.3 billion in capital raised for its Part...................... To view our full article Click here
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