LEARGAS CAPITAL LLC
LEARGAS CAPITAL LLC is a Series C+ fund in the US and international investing in insurance and reinsurance.
- Stages
- Series C+
- Sectors
- insurance, reinsurance
- Invests in
- US-wide, international
- Actively investing
- Yes
- Founded
- 2022
- Assets under management
- $143.2M
Check size not disclosed
Thesis
Leargas Capital LLC is a specialized investment management firm focused on mortality-linked investment (MLI) markets, aiming to generate attractive risk-adjusted returns for its institutional investors. Their strategy centers on identifying and capitalizing on the unique characteristics of MLI markets, which offer attractive historical returns, lower volatility, and low correlation to broader market movements. They achieve this through a deep understanding of mortality and longevity as primary risk variables, largely uncorrelated to traditional market risks. The firm primarily invests in closed-end funds within the MLI space, employing a differentiated origination and execution strategy often involving bilateral sourcing and leveraging strategic relationships in the life insurance, reinsurance, and associated secondary markets. Robust risk management, including detailed qualitative and quantitative assessment, is integral to their approach. Leargas Capital's investment scope spans US and international MLI markets. The firm was founded in 2022 and is headquartered in Westport, Connecticut. As of June 12, 2025, they managed three closed-end MLI funds with a total gross asset value of $143.2 million. Information on typical check size per investment is not publicly available. Leargas Capital is registered as an Exempt Reporting Adviser (ERA) with the SEC.
Common questions
Does LEARGAS CAPITAL LLC invest at the Series C+ stage?
Yes. LEARGAS CAPITAL LLC lists Series C+ among the stages it invests in.
Where does LEARGAS CAPITAL LLC invest?
LEARGAS CAPITAL LLC invests in the US and international.