” Vida Capital is a first-rate specialty possession management firm and we have actually taken the time to recognize a leader that can continue developing on the firms legacy and momentum,” discussed Peter Aberg, Partner and Co-Founder at Reverence Capital Partners. We are exceptionally delighted to have him on board and look forward to growing Vida and delivering remarkable products for our investors.”
With improved efficiency in 2021 for our core items, even with the difficulties of running in a pandemic, it is testimony to the hard work of the Vida team and their focus on providing for financiers.
Vida Capital, Inc., the alternative investment supervisor with a life settlement and insurance-linked securities (ILS) focus, has actually revealed the consultation of a brand-new President and CEO in Blair Wallace.Wallace was most just recently Partner and Portfolio Manager at Tenor Capital Management Company, L.P. and has a profession history in structured credit financial investments, complicated solutions and alternatives.
Vida Capital is a joint-venture partner in insurance-linked securities (ILS) and collateralised reinsurance asset manager Merion Square Capital LLC
Life settlements and also longevity linked assets make up a much larger piece of Vidas more than $4 billion of properties under management than the ILS and reinsurance financial investments our readers are perhaps more familiar with. Roughly $3.6 bn is on the life side of the financial investments business.
Vida was gotten by personal equity backers Reverence Capital Partners and RedBird Capital Partners in 2019 and the company, which targets reasonably uncorrelated alternative asset classes, has more just recently been planning a leadership succession, which it has now successfully finished.
The changes will see Jeff Serra, Vidas existing CEO, remaining on as Executive Chair of the Board and supporting the CEO shift as a special consultant.
William (Bill) Tice, Vidas existing President and CIO, who oversees investment activities consisting of the ILS operations, is set to shift into an advisory function to support Vidas special circumstances strategy, through the end of this year and is then going to be departing Vida to pursue other opportunities.
As an outcome, the installation of a brand-new CEO has been viewed as essential for Vida and now Wallace will handle the function, with support from the outbound management.
Inbound CEO Blair Wallace discussed his visit, “Vida is a distinct company with a very attractive financial investment item originated from its proprietary technique focused on insurance-linked and specialty financing techniques. I eagerly anticipate growing the organization and providing innovative items for financiers over the near and long-term.”
” Vida Capital is a world-class specialized asset management firm and we have taken the time to recognize a leader that can continue building on the firms legacy and momentum,” explained Peter Aberg, Partner and Co-Founder at Reverence Capital Partners. “Blair is a tested leader with significant experience in the specialized asset management sector. We are exceptionally happy to have him on board and anticipate growing Vida and delivering remarkable items for our financiers.”
Andrew Lauck, Partner at RedBird Capital Partners included, “We wish to thank Jeff Serra for his help in the CEO search, for his continuing service as a member of the Board of Directors and for his function as unique consultant during the transition. With enhanced efficiency in 2021 for our core items, even with the troubles of running in a pandemic, it is testament to the effort of the Vida team and their focus on providing for investors. We would also like to thank Bill Tice for his contributions in co-leading the business throughout this period and appreciate his support in assisting the team for the remainder of the year on our unique scenarios activities.”
Costs Tice stated, “I take pride in what Vida has accomplished in the middle of the background of the pandemic. I am confident that Blair and the rest of the group will continue to construct on the companys momentum, and I wish everybody the absolute best in this next chapter.