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Lockton forms alternative capital unit

Lockton forms alternative capital unit

Lockton Cos. LLC has launched Lockton Capital Markets, which will focus on alternative capital, the Kansas City, Missouri-based brokerage announced Tuesday.

Lockton said in the announcement that the New York-based operation “will facilitate investment banking and capital markets transactions focused upon the convergence between insurance and alternative capital.” Lockton is launching the business in partnership with Antarctica Capital, a New York-based private equity firm.

Vishal Jhaveri will be CEO of Lockton Capital Markets. He is the former head of insurance and pension solutions for the Americas at Citigroup Inc. Michael Calabrese, the founder and current chairman of Lockton’s Northeast operations, will also serve as chairman of Lockton Capital Markets.

“We are excited to expand our Lockton platform to serve the expanding market for alternative capital in the insurance industry,” said Lockton Chairman David Lockton in a statement announcing the venture. “We have a strong leader in Vishal Jhaveri to build and guide the team and provide innovative solutions for insurers, corporations, hedge funds and other clients. We look forward to partnering with the innovative structured finance team at Antarctica Capital.”






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