About Northstar Legacy CapitalL LLC
Institutional Discipline. Operational Excellence.
Northstar Legacy Capital is a specialized investment firm focused on acquiring and managing high-quality portfolios of U.S. life settlement policies through fixed-term funds designed for sophisticated investors.
Company Overview
Northstar Legacy Capital LLC was established to provide institutional investors and family offices with access to a non-correlated alternative asset class through professionally structured life settlement funds. The firm focuses on acquiring investment-grade policies, applying rigorous underwriting standards, and managing portfolios with a clear investment term and defined liquidity strategy.
By combining disciplined investment management with a robust operational foundation, Northstar delivers a platform built for transparency, efficiency, and long-term value creation.
Our Approach
Northstar Legacy Capital applies institutional standards across every stage of the investment process. The firm targets policies issued by A.M. Best A- or better rated carriers and constructs diversified portfolios with conservative assumptions and clear risk parameters.
Each fund is structured with a fixed 10-year term. A revolving credit facility is utilized to fund ongoing premiums, ensuring investor capital remains fully deployed. Policies that remain outstanding in later years are transitioned into the secondary and tertiary markets, where shorter remaining life expectancies typically support stronger pricing and provide a defined exit path.
01
Investment Framework
Institutional roots. Enduring structure.
The core structure of Northstar’s fixed-term preferred return model was developed with the guidance of the late Donald G. Payne, a senior financial executive whose career included:
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Executive Vice President, Finance and Administration – Bank of Montreal
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Executive Vice President, Investment Operations & Mergers & Acquisitions – Crown Life
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Chairman – Monarch Life Insurance
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Chairman – Crown Trust
Mr. Payne’s experience across banking, life insurance, and private equity informed the disciplined, actuarially grounded approach that underpins Northstar’s fund design.
02
Strategic Partnerships
Partnering with an established platform to deliver operational excellence across the full asset lifecycle.
Northstar Legacy Capital partners with an established, fully integrated life settlement services platform that provides comprehensive operational support across the entire asset lifecycle. This partnership brings together deep expertise in policy origination, medical and life expectancy underwriting, premium servicing, insured tracking, death claim processing, and portfolio administration.
Through this collaboration, Northstar is able to maintain high operational standards while focusing on fund strategy, investor relations, and portfolio oversight.
03
Capabilities & Platform
Institutional standards applied across policy
selection, portfolio construction, and fund
management.
Northstar Legacy Capital offers investors access to a professionally managed platform with the following key features:
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Rigorous policy selection and independent actuarial underwriting
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Diversified portfolios across carriers, age cohorts, and geographies
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Use of a revolving credit facility to eliminate cash drag on premiums
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Fixed 10-year fund terms with a structured liquidity mechanism
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Transparent reporting and ongoing portfolio monitoring
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Strong governance and compliance oversight
04
Leadership
Experienced professionals committed to
disciplined capital management and investor
alignment.
Leadership
Gilles A. Trahan Managing Partner
John S. Wilkes, CA, CPA, MBA Partner
Venecia Gafter Managing Partner
Northstar Legacy Capital is supported by an experienced team and established industry partners with deep expertise in life settlement investments, fund structuring, and operational management.
Get in touch
Whether you’re an investor, advisor, or institution exploring non-correlated
investment opportunities, our team is happy to answer your questions.