Demand brings Twelve Capital’s private debt strategy to a standstill

Independent investment manager Twelve Capital has closed its insurance private debt strategy following maximised demand. Since its launch in November, the strategy has attracted $400 million in subscriptions.

According to the company, it has decided to close the strategy to further investments between May 30 and December 31, 2014 in the best interest of its investors. During this time redemptions and all other investment procedures will continue to operate as normal. In particular, subscriptions accepted prior to this closure or mandates which are currently in ongoing negotiations, will not be concerned.

Dr Urs Ramseier, chairman of Twelve Capital, said: “We are very happy about the success of our insurance private debt strategy and want to thank everyone who has invested in it. Our priority is always to act in the best interest of all our clients. For this reason we have decided to opt for a temporary closure. During this suspension period we want to concentrate on protecting and making the existing assets perform to the best of our ability.”