Abacus Life Expands Portfolio with FCF Advisors Acquisition
Deal News | Dec 02, 2024 | Globenewswire
Abacus Life, Inc., a renowned global alternative asset manager focusing on using longevity data and actuarial technology to offer unique investment opportunities, has completed the acquisition of FCF Advisors. This New York-based asset manager, centered on free cash flow-focused investment strategies, adds approximately $850 million in assets under management to Abacus's portfolio. The acquisition furthers Abacus's aim to enhance ABL Wealth, its financial advisory services platform. According to Jay Jackson, CEO of Abacus Life, this strategic acquisition aligns seamlessly with the company's mission to provide comprehensive, lifecycle-based financial solutions. FCF Advisors is known for its leading role in free cash flow analytics and research, offering over 50 customizable index strategies across various global equities allocation categories available in ETFs and SMAs. Abacus, now with close to $3 billion in assets under management, expands its longevity expertise through new initiatives like ABL Tech, furthering its foothold in the asset management and financial planning industry.
Sectors
- Asset Management
- Financial Technology
Geography
- United States – Abacus Life and FCF Advisors are based in the U.S., highlighting the geographical focus of the entities involved in the acquisition.
Industry
- Asset Management – Both Abacus Life and FCF Advisors operate primarily within the asset management industry, focusing on investment strategies and managing substantial assets.
- Financial Technology – Abacus Life’s use of actuarial technology and proprietary algorithms positions it within the fintech space, accentuated by its development of platforms such as ABL Tech for advanced financial analysis.
Financials
- $850 million – The amount representing the assets under management by FCF Advisors at the time of acquisition.
- $3 billion – The total assets under management by Abacus Life, including the assets from recent acquisitions.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Abacus Life, Inc. | Acquirer | Company | A pioneering global alternative asset manager specializing in longevity data and actuarial technology. |
| FCF Advisors | Target Company | Company | A New York-based asset manager specializing in free cash flow-focused investment strategies. |
| Jay Jackson | CEO | Person | Chief Executive Officer of Abacus Life, who commented on the strategic importance of the acquisition. |