Abacus Completes Acquisition of Carlisle Management
Deal News | Dec 02, 2024 | Globenewswire
Abacus Life, Inc., a leader in alternative asset management focusing on longevity data and actuarial technology, has successfully completed its acquisition of Carlisle Management Company S.C.A., a major player in the Luxembourg life settlement investment fund sector. This acquisition adds $2 billion in assets under management to Abacus's ABL Wealth division, bolstering their strategy of diversification and long-term growth. Jose Garcia, CEO of Carlisle, is set to join the executive team at Abacus, enhancing collaboration and integration efforts. With nearly $3 billion in assets under management following this acquisition, Abacus continues to enhance its innovative lifespan-based financial solutions, including the ABL Wealth and ABL Tech platforms. This acquisition is a critical step in Abacus's aim to diversify its offerings and expand into new markets on a global scale.
Sectors
- Alternative Asset Management
- Investment Fund Management
- Life Settlements
Geography
- United States – Abacus Life, Inc. is a U.S.-based company headquartered in Orlando, Florida, listed on NASDAQ.
- Luxembourg – Carlisle Management Company is a Luxembourg-based investment fund manager in the life settlement space.
Industry
- Alternative Asset Management – Abacus Life is involved in alternative asset management, specializing in life settlement and uncorrelated financial products.
- Investment Fund Management – Carlisle Management Company operates within the investment fund management sector as an Alternative Investment Fund Manager based in Luxembourg.
- Life Settlements – Both Abacus Life and Carlisle Management are key players in the life settlement industry, dealing with acquiring and managing life insurance policies.
Financials
- $2 billion – The value of the assets under management added from the acquisition of Carlisle Management to Abacus Life's portfolio.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Abacus Life, Inc. | Acquiring Company | Company | A global alternative asset manager specializing in longevity-based financial products. |
| Carlisle Management Company S.C.A. | Target Company | Company | A Luxembourg-based investment fund manager in the life settlement space. |
| Jose Garcia | CEO of Carlisle, Executive Team Member at Abacus | Person | CEO of Carlisle who joins the Abacus Life Executive Leadership Team post-acquisition. |
| Jay Jackson | Chairman and CEO, Abacus Life | Person | Chairman and CEO of Abacus Life, overseeing the acquisition of Carlisle. |