Twelve Capital

The firm will look to grow its offerings on climate change and natural catastrophe risk.

The deal is expected to close in Q2.

The fund will focus on later-stage investment in companies already known to Eos.

Twelve Capital has promoted two executives to the new roles of co-managing partners to take on day-to-day management at the firm and head its group management committee.

Daniel King-Robinson and Tobias Engeli have joined Twelve Capital from EFG Bank to work on sustainable and climate investing, which the firm said strengthened its ESG focus across portfolios for institutional clients.

The company also appointed two senior distribution specialists to focus on expansion in the UK and the Nordic and Benelux regions.

The executive was one of the Swiss bank’s most senior ILS executives and established their life fund.

The firm signed up to the UN Principles for Responsible Investment a year ago.

Recent investor inflows to its cat bond UCITS have brought it to over $1bn assets under management.

The Insurance Capital Fund combines US wind cat bonds with subordinated debt issued by European insurers.

Significant start-up moves this month included Kathleen Faries and Julia Henderson joining Lavant and Piers Cantlay signing up to join McGill.

The new board composition is seen as a catalyst for the future growth of the group.