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Helios said the deal is part of a £60mn share offering to fund further Lloyd’s capacity acquisitions.
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The ILS investments were up 5% year on year and make up around 4.2% of total assets.
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The fund’s worst ILS return to date is understood to be driven by investments hit by Covid-19.
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Parent company AIG posted an underwriting loss for the period.
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Investor interest in the asset class should continue through 2021, but the firm has stepped back its outlook from an “overweight” recommendation.
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The move follows the company hiring new InsurTech partner Adrian Jones last month.
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The executive, who was confirmed in her role earlier this month, bought 19,950 shares at the IPO price of 500 pence per share.
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The move marks its second fundraise after an initial allocation from Canada’s PSP Investments in November.
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Net assets have grown 5% year-on-year to $876mn as of 31 October 2020.
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Target investments could include cat bonds and other reinsurance, though the allocation size is unknown.
