Pacific Current Group Ltd · ASX:PAC
Pacific Current — Investor Presentation (2019)
8 slides from Pacific Current's investor presentation, 2019
Slide 1: Investor Presentation: Investment in Carlisle Management Company
Investor Presentation Investment in Carlisle Management Company PRESENTERS: ASX: PAC Paul Greenwood, MD& CEO and CIO Joseph Ferragina, CFO and COO Tony Robinson, Chairman Firm Overview
Slide 2: Disclaimer
Disclaimer The information in this presentation is general information about Pacific Current Group (‘Pacific Current’ or ‘PAC’) and is current only at the date of this presentation. In particular, this presentation: ❯ is not an offer or recommendation to purchase or subscribe for securities in Pacif
Slide 3: Agenda
Agenda 1. Overview 2. Investment Rationale 3. Life Settlements Basics 4. Carlisle’s Investment Approach 5. Q & A // 3
Slide 4: Overview
Overview ❯ Pacific Current Group Limited (‘Pacific Current’ or ‘PAC’) has announced its intent to invest in Luxembourg based, Carlisle Management Company (‘Carlisle’), an alternative investment manager focused on managing portfolios of life settlements ❯ PAC will invest US$34.25m (A$47.6m^) to acqui
Slide 5: Investment Rationale
Investment Rationale ❯ Excellent investment team - Carlisle’s management team, led by CEO Jose Garcia, is universally impressive and has built Carlisle to one of the leading firms in the asset class ❯ Performance: Performance for this fund has been consistently strong over the last nine years, provi
Slide 6: Life Settlements Basics
Life Settlements Basics ❯ A life settlement is the sale of an existing life insurance policy to a third party for more than its cash surrender value but less than its net death benefit. ❯ This market allows the seller to exit a life insurance policy for more than the cash surrender value offered by
Slide 7: Carlisle's Investment Approach
Carlisle’s Investment Approach ❯ Policy sourcing • Carlisle reviews ~12,000-13,000 policies per year and typically buys around 400 of them. • Unlike other life settlement managers, Carlisle does not own a life settlement provider, but rather sources policies from multiple outside providers and other
Slide 8: Q&A
Q&A