27 March 2014
Blue Capital delays London share placement
Blue Capital’s Global Reinsurance Fund’s third share placement has been delayed. The firm did not specify the reason behind the postponement.
The fund, which is valued at $180 million of assets under management, provides institutional investors with the opportunity to access the global catastrophe reinsurance market as an alternative asset class.
According to William Pollett, CEO of Blue Capital, the fund has been well-received by investors and there is every expectation that further share placements will be issued during 2014.
Blue Capital has achieved considerable success since its IPO in November 2013, deploying 90 percent of its capital during the January renewals.
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