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December 13, 2017  

Life-Settlement Pro Launches Fund

Life-settlement investor Miravast Asset Management has launched its first commingled fund.The Ewing, N.J., firm, led by former AIG executive Bill Taylor, took in an initial $100 million for the closed-end vehicle, Miravast ILS Credit Opportunities. It is shooting to raise a total of $500 million, with subsequent equity closes planned for next year.Until now, Miravast has invested in life-insurance policies using its own money and on behalf of a...

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