Capital trapping in ILS funds continues to be a topic of conversation with ILS end-investors and prospective allocators, as the effects of cat loss-heavy years from 2017-2021 and Covid-hit deals continue rippling through the private ILS market.
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No ‘silver bullet solution’ as ILS managers grapple with trapping issues
Managers have tightened buffer terms and added extension spreads to enhance illiquid strategies.