Vida Capital, Inc., the alternative investment manager with a life settlement and insurance-linked securities (ILS) focus, has announced the hiring of Zachary Ainsberg, who joins the firm as Managing Director, Chief of Staff.
Ainsberg will be based in New York and report directly to recently installed President and Chief Executive Officer Blair Wallace.
In his new role, Ainsberg will be focused on moving forwards Vida Capital’s key growth initiatives and strategic projects.
Vida Capital is a joint-venture partner in insurance-linked securities (ILS) and collateralized reinsurance investment manager Merion Square Capital LLC.
However, it is life settlements and longevity linked assets that make up the majority of Vida’s more than $4 billion of assets under management. Roughly $3.6bn is on the life side of its investment management business.
Vida was acquired by private equity backers Reverence Capital Partners and RedBird Capital Partners in 2019 and the company, targets relatively uncorrelated alternative asset classes.
Ainsberg joined Vida Capital from his most recent employment at Sculptor Capital Management where he had worked for over a decade.
Most recently Ainsberg worked in Corporate Strategy with responsibilities in corporate finance, and business development, prior to which he was Head of Data Services.
In his time at Sculptor Capital Management, Ainsberg developed enhanced data standards and investor reporting, delivering greater transparency.
“Zach brings over a decade of investment management and business development experience to Vida, and we are thrilled to welcome him to our team of experienced professionals,” commented CEO Blair Wallace. “Looking towards 2022, we are eager to continue our momentum as a leader in the longevity-contingent investment space. Zach’s expertise will prove invaluable to our company as we strengthen and grow our positioning in the marketplace.”
Ainsberg added, “I’m very excited to be joining Vida, a proven, world-class specialty asset management firm. The investment strategy is truly differentiated and has appeal for investors seeking returns that are uncorrelated to capital markets. The opportunity set for Vida to grow is significant, and I look forward to working with Blair and the team to deliver for our investors and stakeholders.”
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