HSCM closes $110 million life ILS secondaries fund

Hudson Structured Capital Management  (HSCM), which operates its re/insurance business as HSCM Bermuda, closed a $110 million secondaries fund to acquire a portfolio of life insurance-linked securities. The new vehicle, HS Sawmill LP, was backed by both existing and new institutional investors, alongside commitments from HSCM’s management team.

The fund expands HSCM’s life insurance strategy by targeting premium financing, commission financing, and other asset-backed opportunities. Partners Gokul Sudarsana and Vikas Singhal highlighted the deal as a step toward building secondary liquidity in the Life ILS market and broadening HSCM’s structured credit activities.

Proskauer Rose LLP advised on the transaction. Founded in 2016, HSCM manages $3.3 billion in assets with a focus on insurance and transportation investments.