The two metals’ prices have climbed nicely, a good counterpoint to the jobs situation.
The transaction is expected to yield $549 million when the deal closes later this year, the fund said.
Q3 Update
The investment comes from proceeds from the $1 billion social bond offering earlier this summer.
Creator of anti-virus software allegedly secretly received over $23 million for promoting initial coin offerings.
He has a bias toward real assets he considers ‘boring’ that have a long life, strong cash flow characteristics, high barriers to entry, and a reliable client base.
Also, as investments, carriers likely will grow more attractive, thanks to machine learning helping to customize pricing, reduce costs, and flag fraudulent activity.