Integral ILS, the independent insurance linked securities (ILS) fund manager, has received a cornerstone investment from New Holland Capital (NHC), an alternative investment manager.
It means Integral has secured $600 million of signed commitments for its new dedicated ILS strategy.
Along with the seed investment, NHC will provide strategic support to Integral as it ramps up its operations.
Integral offers in-house risk origination capabilities and has strategic partnerships with TransRe and AmWINS and is primarily focused on catastrophe-linked re/insurance transactions.
Lixin Zeng, co-founder and managing partner at Integral, said the ILS market is ripe for change.
"Our evolved model will allow us to be true fiduciaries to our investors while maintaining ideal market access," he added.
Richard Lowther, co-founder and managing partner at Integral, described NHC as “an extremely sophisticated, long-term player in the ILS market [that] has been a standards-setter in the alternative investment arena.”
Scott Radke, chief executive officer at NHC, praised the deep experience and a long-standing track record of Integral’s co-founders in the ILS industry.
"Integral's partnerships give it broad access to risk, and its investor focus allows it to truly differentiate its offering from competitors," he said.
Before this deal Integral also closed an investing round with the Public Sector Pension Investment Board, a Canadian investment manager.
Integral ILS, New Holland Capital, NHC, Lixin Zeng, Richard Lowther, Scott Radke