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The platform distributed ~$50mn to investors for 2023.
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The fund will follow an existing Twelve strategy and add short-term corporate bonds.
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The Cayman Islands entity raised $2.4mn last June.
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ILS platform London Bridge II has had a good year as volumes reached $750mn, the CFO said.
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It is only the second year in the last eight that the allocation grew.
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Head of alternatives Gareth Abley believes the asset class remains attractive following a 16% return in 2023.
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The firm was founded in 2015 to help clients raise capital.
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Aside from the one-year view, 2023 remixes the track record.
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The allocation last autumn amounted to around 1.4% of the investment manager’s total funds under management.
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The asset manager’s largest ILS allocation across two multi-strategy funds is to a Leadenhall fund.