BroadRiver Asset Management, L.P., the New York based alternative fixed-income asset manager, has closed its third longevity fund, BroadRiver III, L.P., with committed capital of $876 million. BroadRiver III includes commitments from a broad range of global institutional investors, including public, private, and sovereign pension plans, endowments and foundations, and large family offices. Denning and Company LLC, a San Francisco-based alternative fund placement firm, acted as the lead global agent.
The breadth and depth of our limited partner investors, including many commitments from investors in our previous funds, affirms BroadRivers position as a premier underwriter of older-age people in the U.S., said Andrew Plevin, Co-CEO of BroadRiver Asset Management. To enhance our lead in this aspect of alternative fixed income, we continue to extend and refine our research and analysis of factors affecting longevity and our related risk management systems.
BroadRivers mission is to provide clients with exposure to fixed-income-like assets that have attractive risk-adjusted returns, low volatility, and negligible correlation to financial markets. BroadRivers highly selective approach to asset acquisition is underpinned by proprietary analytics and a deep commitment to research, resulting in carefully structured portfolios with strong, predictable cash flows.
About BroadRiver Asset Management
With assets under management of $1.4 billion, the firm focuses on alternative fixed income investment strategies involving uncorrelated assets. It boasts one of the deepest and longest-tenured longevity-risk investment teams, having served institutional clients for almost twenty years.
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THIS PRESS RELEASE IS INTENDED FOR INFORMATIONAL PURPOSES ONLY. THIS IS NOT AN OFFER OR SOLICITATION WITH RESPECT TO THE PURCHASE OR SALE OF ANY SECURITY. ANY INVESTMENT DECISION WITH RESPECT TO AN INVESTMENT IN THIS FUND SHOULD BE MADE BASED SOLELY UPON INFORMATION CONTAINED IN THE OFFERING MEMORANDUM. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.
BroadRiver Asset Management, L.P.
Craig Bardo, 212-784-7610