Abacus Life Targets Close of Carlisle Management Company Acquisition

Deal News | Nov 26, 2024 | Globenewswire

Abacus Life Targets Close of Carlisle Management Company Acquisition

Abacus Life, Inc., a global alternative asset manager, has received regulatory non-objection from the Luxembourg Commission de Surveillance du Secteur Financier for its acquisition of Carlisle Management Company S.C.A., a Luxembourg-based investment fund manager in the life settlement space. This approval paves the way for the completion of the acquisition, which Abacus plans to finalize by December 2, 2024. Abacus CEO Jay Jackson stated that this acquisition would add approximately $2 billion in assets under management to the company's ABL Wealth division. The acquisition is seen as a significant step in Abacus's growth strategy, expanding its presence in the global alternative asset management sector. Carlisle's addition aligns with Abacus's focus on offering high-return, uncorrelated investment opportunities. Established in 2008, Carlisle is an experienced player in the life settlement industry, known for its transparent transactions and risk management. Abacus, with nearly $3 billion in assets under management, is focused on leveraging longevity data and actuarial technology to create investment products that are uncorrelated with market fluctuations.

Sectors

  • Alternative Asset Management
  • Life Settlement Industry

Geography

  • United States – Abacus Life, Inc., the acquiring company, is based in Orlando, Florida, USA.
  • Luxembourg – Carlisle Management Company is based in Luxembourg and regulated by the CSSF.

Industry

  • Alternative Asset Management – Abacus Life operates within the alternative asset management sector, focusing on life settlements, which are uncorrelated with traditional markets.
  • Life Settlement Industry – Carlisle Management Company specializes in life settlements, an industry involving the purchase of life insurance policies as investment vehicles.

Financials

  • $2 Billion – The amount in assets under management that Abacus Life will gain from the acquisition of Carlisle.
  • $3 Billion – The approximate total assets under management for Abacus Life, including pending acquisitions.

Participants

NameRoleTypeDescription
Abacus Life, Inc.Acquiring CompanyCompanyAn alternative asset manager working with longevity data and actuarial technology.
Carlisle Management Company S.C.A.Target CompanyCompanyA leading Luxembourg-based investment fund manager in the life settlement space.
Jay JacksonCEO of Abacus Life, Inc.PersonChief Executive Officer at Abacus Life overseeing the company's expansion strategy.
Luxembourg Commission de Surveillance du Secteur Financier (CSSF)Regulatory AuthorityGovernmentThe financial regulator in Luxembourg granting non-objection to the acquisition.