Preston Capital

Preston Capital LLC, established in July 2023, specializes in providing investment advisory services for privately offered pooled investment vehicles. The firm's ultimate beneficiaries are David Posnick, Jon Nelson, Jonathan Hogan, and Jonathan Brooks. Preston Capital focuses on life contingent assets, specifically life settlements, managing assets totaling $1,256,675,622 as of December 31, 2024, on a discretionary basis. The firm charges management fees and carried interest based on returns, paid monthly or quarterly. Clients are required to commit a minimum of $5 million, and investments are primarily in life insurance and longevity-related assets. Preston Capital mitigates risks associated with life settlements, such as longevity risk and insurable interest, through rigorous analysis and due diligence. The firm's investment strategy aims to achieve above-average risk-return profiles by holding investments through maturity. Preston Capital has no disciplinary events and maintains a code of ethics to prevent conflicts of interest. The firm does not engage in brokerage practices for client referrals and complies with custody regulations by subjecting funds to annual audits. Clients' investments are managed on a discretionary basis, with no voting rights on client securities. Preston Capital discloses no financial impairments that would affect meeting contractual commitments.