MIRAVAST ASSET MANAGEMENT, LLC

Thesis

Miravast Asset Management, LLC, founded in 2016, is a specialized investment advisory firm focused exclusively on life contingent assets, primarily life settlements. Their core strategy revolves around longevity risk, aiming to provide investors with returns uncorrelated to traditional financial markets. The firm employs a vertically integrated approach with proprietary insights derived from a substantial portfolio of settled policies. Miravast advises three private partnerships and separately managed accounts (SMAs), tailoring advice to SMA needs while adhering to partnership agreements. The firm's primary focus is life settlements, with no advice provided on other asset classes. Their strategy involves sourcing, analyzing, and investing in life insurance-linked opportunities. As of December 31, 2025, Miravast reported approximately $1.36 billion in total regulatory assets under management, with $806.8 million managed discretely and $557.6 million non-discretely. In July 2024, they raised $346 million for their Miravast ILS Credit Opportunities II LP fund, reflecting an estimated annual AUM growth of 19%. The firm has advised on significant transactions, including a $60 million purchase of a life insurance portfolio in 2013. Miravast's business model involves investing in life insurance policies rather than specific company equity.