Lloyd’s taps US direct credit in second private asset investment offer
Lloyd’s is launching a new US direct lending on the Lloyd’s investment platform, the second private asset product on the platform, following the launch of the Lloyd’s private impact fund in April this year.
The new fund offers access to the US middle market direct credit market through a tailored fund structure to be managed by Maranon Capital.
Canopius will step up as the “cornerstone investor” amongst Lloyd’s names to back the launch of the new fund in tandem with the Lloyd’s central fund.
Eleanor Bucks, chief investment officer at Lloyd’s, said: “Through the new fund on our investment platform, we are providing the Lloyd’s market with seamless access to the US mid-market lending space. With the expertise of our partners at Schroders and Maranon, we are confident that this latest initiative will provide another significant investment opportunity for the Lloyd’s market.”
Gareth Russell, group chief investment officer at Canopius, said: “The launch of this new fund represents a valuable expansion of investment opportunities for our capital deployed in the Lloyd's market. Access to tailored investment solutions such as the U.S. Direct Lending fund is an attractive development at Lloyds, and we are pleased to support this.”
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