Lloyd’s, the global insurance and reinsurance marketplace, has expanded its investment opportunities with the launch of the US Direct Lending Fund on the Lloyd’s Investment Platform.
This new fund provides efficient access to US middle-market direct lending opportunities through a custom-tailored fund structure designed to meet the specific investment needs of the Lloyd’s market.
It represents a unique credit opportunity within the largest and most established US private debt market.
This announcement follows the successful launch of the Lloyd’s Private Impact Fund in April of this year, marking the US Direct Lending Fund as the second private asset product on the Lloyd’s Investment Platform.
Canopius, a well-established insurer in the Lloyd’s insurance market, has joined forces with the Lloyd’s Central Fund as the cornerstone investor for the new fund.
After a thorough screening of US direct lenders and an extensive due diligence and approval process, Schroders Capital, on behalf of the Lloyd’s Investment Platform, has chosen Maranon Capital L.P. to manage the fund strategy.
Eleanor Bucks, Chief Investment Officer at Lloyd’s, expressed confidence in providing the Lloyd’s market with seamless access to the US mid-market lending space through this initiative.
She highlighted the expertise of partners Schroders and Maranon, emphasizing the significant investment opportunity the new fund presents for the Lloyd’s market.
Gareth Russell, Group Chief Investment Officer at Canopius, welcomed the expansion of investment opportunities, stating that the US Direct Lending fund represents a valuable addition to the Lloyd’s market.
Russell expressed Canopius’ support for tailored investment solutions, describing the new fund as an attractive development at Lloyd’s.
Ian Larkin, Founding Partner and CEO of Maranon, expressed the company’s honor at being selected as the manager for the Lloyd’s US Direct Lending Fund.
He highlighted Maranon’s 16 years of experience and over 400 transactions in the US middle-market direct lending space, expressing enthusiasm for the opportunity to contribute to the success of the fund.
