It's the first time we've seen a figure for fee income generated by the Vantage Partnership Capital (AdVantage) strategies
Vantage generates $23m of ILS fee income in Q2
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Vantage Partnership Capital (AdVantage) generated $23m of fee income in Q2 2026
 The third-party reinsurance capital platform of Bermuda headquartered re/insurer Vantage Risk, recently acquired by the Bill Ackman linked Howard Hughes Holdings, generated $23 million of fee income from its insurance-linked securities style partnerships with investors in the second-quarter of 2026.
It’s the first visibility of the profitability of the Vantage Partnership Capital operation, which undertakes its business through the AdVantage platform of companies.
The Vantage Partnership Capital business has $1.6bn of capital to deploy for 2026.
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