Represented Nephila Capital Ltd., a Bermuda based leading hedge fund manager, in connection with its strategic partnership with global investment firm KKR & Co. LP, pursuant to which KKR acquired a 24.9% interest in Nephila from Nephila’s management, as well as a portion of the stake owned by Man Group Plc.

On January 23, 2013, Seward & Kissel client, Nephila Capital Ltd., a leading Bermuda based hedge fund manager focused on investing in natural catastrophe and weather risk, entered into a strategic partnership with global investment firm KKR & Co. LP pursuant to which KKR acquired a 24.9% interest in Nephila from Nephila’s management, as well as a portion of the stake owned by Man Group Plc. Nephila, which manages $8 billion in assets, specializes in reinsurance risk, offering a broad range of investment products focusing on instruments such as insurance-linked securities, catastrophe bonds, and weather derivatives. The Seward & Kissel team representing Nephila was led by Business Transactions Group partner Craig Sklar, counsel Nick Katsanos and associate Zelda Ferguson.