Twelve Capital AG

Twelve Capital AG - snapshot

• ILS manager or company name: Twelve Capital AG
• Location (HQ / Domicile): Zurich, Switzerland
• Date of launch: July 2010
• Assets under management *: $3.8 billion (ILS AuM as at Mar 31 2024. Firm-wide AuM $4.9 billion)
• Website link: Twelve Capital AG website

Disclaimer:

The Artemis Insurance-Linked Securities Investment Managers & Funds Directory is provided as-is. Best efforts are made to ensure the contents are accurate at the time of publication but there may be some omissions. Please contact Artemis should you require a change to your ILS manager listing.

This material has been prepared by Twelve Capital AG, Twelve Capital (UK) Limited, Twelve Capital (DE) GmbH or their affiliates (collectively, “Twelve Capital”). This material has been furnished solely upon request and is intended for the recipient personally and may not be reproduced or otherwise disseminated in whole or in part without prior written consent from Twelve Capital. It is expressly not intended for persons who, due to their nationality or place of residence, are not permitted access to such information under local law as the product may not be authorised or its offering may be restricted in certain jurisdictions. It is the responsibility of every investor to satisfy himself as to the full observance of such laws, regulations and restrictions of the relevant jurisdiction. This is an advertising document.

This information was produced by Twelve Capital to the best of its knowledge and belief. However, the information herein may be based on estimates and may in no event be relied upon. All information and opinions contained in this document are subject to change without notice. Twelve Capital’s analyses and ratings, including Solvency II compliance analysis, Twelve Capital’s Counterparty Credit Rating and Twelve Capital’s Legal Rating, are statements of Twelve Capital’s current opinions and not statements of fact. Source for all data and charts (if not indicated otherwise): Twelve Capital. Twelve Capital does not assume any liability with respect to incorrect or incomplete information (whether received from public sources or whether prepared by itself or not). This material does not constitute a prospectus, a request/offer, nor a recommendation of any kind, e.g. to buy/subscribe or sell/redeem investment instruments or to perform other transactions. The investment instruments mentioned herein involve significant risks including the possible loss of the amount invested as described in detail in the offering memorandum(s) for these instruments which will be available upon request. Investments in foreign currencies involve the additional risk that the foreign currency might lose value against the investor’s reference currency. Investors should understand these risks before reaching any decision with respect to these instruments. The information does not take account of personal circumstances and therefore constitutes merely promotional communication, and not investment advice. Consequently, Investors are advised to take all necessary legal, regulatory and tax advice on the consequences of an investment in the product. Past performance is no indication or guarantee of future performance. The performance shown does not take account of any commissions and costs associated with subscribing to and redeeming shares.

This material contains information about Twelve Capital and its products as at the date of this material. The information contained herein is of a general nature and does not purport to be complete or contain all the information that an investor should consider when making an investment decision nor does it contain all the information which would be required in a disclosure document or prospectus prepared in accordance with the requirements of the Australian Corporations Act 2001 (Cth) (“Corporations Act”). To the maximum extent permitted by law, Twelve Capital makes no representation or warranty (express or implied) as to the accuracy or completeness of the information contained herein and disclaims all responsibility and liability for the information (including without limitation, liability for negligence). This material is for information purposes only and is not a prospectus, disclosure document, product disclosure statement or other offering document under Australian law or any other law (and will not be lodged with the Australian Securities and Investments Commission (“ASIC”)). The material is not and should not be considered an offer or an invitation to subscribe for or acquire securities or any other financial products. The material is available to persons who are “wholesale” investors (as defined in sections 708 and 761G of the Corporations Act). Determination of eligibility of investors for the purposes of the Offer is by reference to a number of matters, including legal requirements and the discretion of Twelve Capital. To the maximum extent permitted by law, Twelve Capital disclaims any liability in respect of the exercise of that discretion or otherwise. The distribution of this material in other jurisdictions outside Australia may also be restricted by law and any such restrictions should be observed. Any failure to comply with such restrictions may constitute a violation of applicable securities laws. By accepting this material you represent and warrant that you are entitled to receive such material in accordance with the above restrictions and agree to be bound by the limitations contained herein. This material contains certain “forward looking statements”. Forward looking statements can generally be identified by the use of words such as, “expect”, “anticipate”, “likely”, “intend”, “should”, “could”, “may”, “believe”, “forecast”, “estimate”, “target” “outlook” and other similar expressions and include, but are not limited to, indications of, or guidance or outlook on, future earnings or financial position or performance of the funds or Strategies mentioned. The forward-looking statements contained in this material are not guarantees or predictions of future performance and involve known and unknown risks and uncertainties and other factors, many of which are beyond the control of Twelve Capital, and may involve significant elements of subjective judgement and assumptions as to future events, which may or may not be correct. There can be no assurance that actual outcomes will not differ materially from these forward-looking statements. A number of important factors could cause actual results or performance to differ materially from the forward-looking statements, including the risk factors set out in this material. Investors should consider the forward-looking statements contained in this material in light of those disclosures and not place reliance on such statements. The forward-looking statements are based on information available at the date of this material. Except as required by law or regulation, Twelve Capital undertakes no obligation to provide any additional or updated information whether as a result of new information, future events or results or otherwise. Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward looking statements. Twelve Capital does not guarantee any particular rate of return or performance nor does it guarantee the repayment of capital invested or any particular tax treatment.

This is marketing material in the meaning of MiFID II.

This is marketing material in the meaning of FIDLEG.

Note to EEA investors: when distributed in the EEA, this information has been distributed by Twelve Capital (DE) GmbH in accordance with the terms of its authorisation and regulation by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin).

Note to US investors: Please note that the Securities have not been, nor will they be, registered or qualified under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any applicable securities laws of any state or other political sub divisions of the United States, and may not be offered, sold, transferred or delivered, directly or indirectly, in the United States or to, or for the account or benefit of, any U.S. Person, except pursuant to an exemption from, or in a transaction not subject to the requirements of, the U.S. Securities Act and any applicable U.S. state securities laws. The Fund has not registered and does not intend to register under the U.S. Investment Company Act of 1940, as amended (the “Investment Company Act”) in reliance on the exemption from such registration pursuant to Section 3(c)(7) thereunder and certain interpretations of Section 7(d) of the Investment Company Act by the staff of the U.S. Securities and Exchange Commission. Accordingly, the Interests are being offered and sold only: (i) outside the United States to persons other than U.S. Persons in offshore transactions that meet the requirements of Regulation S under the U.S. Securities Act; or (ii) to U.S. Persons who are (a) “accredited investors” as defined in Rule 501 of Regulation D promulgated under the U.S. Securities Act and (b) “qualified purchasers” within the meaning of Section 2(a)(51) of the Investment Company Act.

Twelve Capital AG is licensed as “Manager of collective investment schemes” by the Swiss regulator FINMA. Twelve Capital AG is incorporated in Switzerland, registered number 130.3.015.932-9, registered office: Dufourstrasse 101, 8008 Zurich. Twelve Capital (UK) Limited is registered as a limited company in England & Wales: Registered No. 08685046. Registered office: Moss House, 15-16 Brook’s Mews, London, W1K 4DS. Twelve Capital (UK) Limited is an appointed representative of Carne International Financial Services (UK) Limited which is authorised and regulated by the Financial Conduct Authority of the United Kingdom (FRN 823316). Registered in England, No. 11555138. Registered office: 2nd Floor 107, Cheapside, London, United Kingdom, EC2V 6DN. Such registration in no way implies that the FCA has endorsed Twelve Capital (UK) Limited’s qualifications to provide the advisory services described in this document. Twelve Capital (DE) GmbH is authorised and regulated by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) in Germany. Twelve Capital (DE) GmbH is incorporated in Munich, Germany, commercial register number (registry court: Munich) HRB 252423, registered office: Rosental 5, 80331 Munich. Disclosure Brochures with further regulatory information about our entities can be found in the “Regulatory” section on our website.

© 2024 Twelve Capital. All Rights Reserved

*Note: Assets under management are prone to fluctuation so the figures here are either the best available or last submitted by included managers.

It is not always possible for us to track the ‘usable’ assets under management (AUM) of most ILS managers, so the figures above tend to include an element of trapped capital. Few ILS managers report AUM figures that exclude trapped capital, unless they have fronting or other arrangements in front of their ILS funds that allow them to do so more readily.

The Content does not constitute an offer, solicitation or recommendation to acquire or dispose of any investment or to engage in any other transaction. It is the responsibility of the individual user to consider his legal and regulatory position in the relevant jurisdiction, the risks associated with trading such products and to ensure that the use of the Content and the subsequent making of any investment does not contravene any such restrictions or applicable laws and regulations of any jurisdiction.