Miravast Asset Management provides investment advice related to life settlements, which are investments based on the longevity of insured individuals. Miravast primarily advises private partnerships on a discretionary basis and separately managed accounts on a non-discretionary basis. The firm manages these investments according to the objectives outlined in the partnership documents or tailored to the needs of the separate accounts.
Fee Structure
Miravast manages investments for private partnerships, charging a quarterly management fee of 1.5% per year of committed capital during the investment period, and 1.25% per year of the net asset value after the investment period. Miravast is also eligible for a performance-based fee of 10% after investors get their initial investment back plus a preferred return. Fees for separately managed accounts are negotiated individually.