Miravast LLC completes management buyout and adds to its executive team

JERSEY CITY, N.J., May 16, 2016 /PRNewswire/ -- Miravast LLC, a Delaware based LLC, specializing in life contingent assets, was launched by former senior members of the AIG life settlements team in 2012 with financial backing.    In 2016, Miravast earned sufficient capital to support its ongoing business needs and executed a buyout of external equity interests.  Following the transaction, the firm's management team now owns 100% of the firm's equity and voting rights.

"As we look at our accomplishments over the past four years and plot the future of the company, we felt our clients and employees would be best served by senior management owning 100% of the firm's equity. We are excited to take this next step," said Bill Taylor, CEO of Miravast.

Miravast also recently added to its executive team by hiring Dave Cherkas to lead business development efforts as the Chief Marketing Officer of Miravast.  "We have worked with Dave for several years and we have a deep appreciation for his 17 years of experience in the life settlement asset class.  He brings an extensive and diverse skill set to our team," said David Beckelman, President of Miravast.

ABOUT MIRAVAST
Miravast Asset Management Ltd. is an SEC Registered Advisor* specializing in life contingent assets. Miravast Asset Management Ltd. is uniquely positioned to provide institutional investors with the tools to access this asset class by leveraging its proprietary underwriting team and vast industry expertise. The Miravast team has the experience of investing more than $5 billion in life settlements, along with determining over 150,000 medical underwriting assessments.

* SEC registration does not imply a certain level of skill or training.  Additional information about Miravast Asset Management Ltd. is available on the SEC's website at www.adviserinfo.sec.gov.

Contact David Cherkas: [email protected]

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SOURCE Miravast LLC