Hyperion Capital, LLC appoints Michael Crane

Michael Crane, life settlements veteran, joins Hyperion Capital to oversee risk management and to grow assets under management

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Hyperion Capital, LLC

Sep 26, 2012, 08:33 ET

IRVINE, Calif., Sept. 26, 2012 /PRNewswire/ -- Hyperion Capital, LLC, the insurance-linked and life settlements specialist manager, announced today that Michael T. Crane, formerly of Coventry Capital Ltd and Deutsche Bank AG, has joined the firm as a partner. Hyperion began investing proprietary capital in 2010 and opened its first managed account in 2011 for a major institutional investor.

Mark Niu, founder and managing member of Hyperion, said, "Michael is a pioneer and a recognized leader in the life settlements business. He brings a tremendous amount of experience to the table.

"Michael will chair our investment committee and take a lead role in raising additional capital for our funds. I am pleased to welcome him and his team to the firm."

Michael Crane said, "I have been active in the traded life insurance business since its inception. Over the past decade, I have never seen the market present such attractive investment opportunities for sophisticated investors as it does today.

"I am delighted to be joining Hyperion and look forward to creating value for our clients."

About Hyperion Capital, LLC

Hyperion Capital, LLC is an investment management firm managed by principals with deep experience in the capital markets and life settlements sectors. Hyperion was formed to provide sophisticated investors exposure to the returns of life-contingent assets. The firm utilizes innovative and unique strategies to invest in and manage insurance-linked assets. The firm's principals believe that recent market dislocations permit the acquisition of portfolios of attractive assets at historically low prices. http://www.hyperionfunds.com

This announcement does not constitute or form part of an offer to sell or solicitation of an offer to purchase or subscribe for securities in the United States or in any other jurisdiction. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or under the securities laws of any other jurisdiction, and may not be offered or sold in the United States or in any other jurisdiction absent registration or pursuant to an applicable exemption from the registration requirements of the Securities Act or from the registration requirements in any such other jurisdiction. No public offering of securities has been or is being made in the United States or in any other jurisdiction.

Michael T. Crane Bio

Since May 2011, Mr. Crane has been the managing partner of Queen's Park Capital LLP, an advisory and capital-raising firm focused on insurance-linked risk. From December 2008 until April 2011, Mr. Crane was Chief Executive Officer of Coventry Capital Ltd. Coventry Capital is the capital markets arm of Coventry First, the largest U.S. life settlements originator. At Coventry, he was responsible for establishing and managing capital markets structuring and distribution centers in London, Hong Kong, Tokyo and Sydney. Before joining Coventry, he was with Deutsche Bank AG from July 2003 through October 2008. At Deutsche Bank, he founded the Longevity Derivatives Group and served as Global Head of Distribution. While with Deutsche Bank, he led the raising of over $2 billion of investment capital for a broad range of life-contingent asset transactions, ranging from closed end funds to total return swaps and structured notes and was responsible for a number of market innovations, including the first life settlement transaction structured entirely as a derivative. He has also held senior positions with Standard & Poor's, Credit Suisse First Boston and Barclays Capital. Mr. Crane's experience in the longevity markets began in 2000 at Gen Re Securities, a Berkshire Hathaway subsidiary, where he initiated and executed several of the market's earliest institutional investment programs in life settlements. Mr. Crane has an extensive capital markets background, including structured finance and derivatives. He is a frequent speaker at insurance-linked markets and alternative asset conferences and symposia. He received his B.A. degree in Economics from Harvard University.