BroadRiver Asset Management LP, the New York–based alternative fixed-income asset manager, has closed its third longevity fund, BroadRiver III LP, with committed capital of $876 million.
BroadRiver III includes commitments from a wide range of global institutional investors, including public, private and sovereign pension plans, endowments and foundations, and large family offices.
With assets under management of $1.4 billion, the firm focuses on alternative, fixed-income investment strategies involving uncorrelated assets. BroadRiver’s mission is to provide clients with exposure to fixed-income-like assets that have attractive risk-adjusted returns, low volatility and negligible correlation to financial markets.
