Abacus Life Completes Acquisition of Carlisle Management Company S.C.A.
Abacus Life (NASDAQ: ABL) has completed the acquisition of Carlisle Management Company, a Luxembourg-based investment fund manager specializing in life settlements with over $2 billion in assets under management. The acquisition aligns with Abacus's strategy to drive long-term growth and diversify its alternative asset-management offerings. Jose Garcia, Carlisle's CEO, joins Abacus Life's Executive Leadership Team. The acquisition adds approximately $2.0 billion to Abacus's ABL Wealth division, providing Carlisle's investors access to Abacus Life's uncorrelated insurance product asset class.
Abacus Life (NASDAQ: ABL) ha completato l'acquisizione di Carlisle Management Company, un gestore di fondi di investimento con sede in Lussemburgo specializzato in life settlements e con oltre 2 miliardi di dollari di attivi in gestione. L'acquisizione è in linea con la strategia di Abacus per stimolare la crescita a lungo termine e diversificare le sue offerte di gestione di asset alternativi. Jose Garcia, CEO di Carlisle, entra a far parte del Team di Leadership Esecutiva di Abacus Life. L'acquisizione aggiunge circa 2,0 miliardi di dollari alla divisione ABL Wealth di Abacus, offrendo agli investitori di Carlisle l'accesso alla classe di attivi dei prodotti assicurativi non correlati di Abacus Life.
Abacus Life (NASDAQ: ABL) ha completado la adquisición de Carlisle Management Company, un gestor de fondos de inversión con sede en Luxemburgo especializado en liquidaciones de vida con más de 2 mil millones de dólares en activos bajo gestión. La adquisición se alinea con la estrategia de Abacus para impulsar el crecimiento a largo plazo y diversificar su oferta de gestión de activos alternativos. Jose Garcia, CEO de Carlisle, se une al equipo ejecutivo de Abacus Life. La adquisición añade aproximadamente 2,0 mil millones de dólares a la división ABL Wealth de Abacus, brindando a los inversores de Carlisle acceso a la clase de activos de productos de seguros no correlacionados de Abacus Life.
Abacus Life (NASDAQ: ABL)이 생명 보험 정산에 특화된 룩셈부르크 소재의 투자 펀드 관리 회사인 Carlisle Management Company를 인수했다고 발표했습니다. 이 회사는 20억 달러 이상의 자산을 관리하고 있습니다. 이번 인수는 Abacus가 장기 성장을 견인하고 대체 자산 관리 제공을 다각화하려는 전략과 일치합니다. Jose Garcia는 Carlisle의 CEO로, Abacus Life의 경영진에 합류합니다. 이 인수로 Carlisle의 투자자들은 Abacus Life의 비상관 보험 상품 자산 클래스에 접근할 수 있게 되며, Abacus의 ABL Wealth 부문에 약 20억 달러가 추가됩니다.
Abacus Life (NASDAQ: ABL) a finalisé l'acquisition de Carlisle Management Company, un gestionnaire de fonds d'investissement basé à Luxembourg, spécialisé dans les règlements de vie, avec plus de 2 milliards de dollars d'actifs sous gestion. Cette acquisition s'inscrit dans la stratégie d'Abacus visant à stimuler la croissance à long terme et à diversifier ses offres de gestion d'actifs alternatifs. Jose Garcia, PDG de Carlisle, rejoint l'équipe de direction exécutive d'Abacus Life. L'acquisition ajoute environ 2,0 milliards de dollars à la division ABL Wealth d'Abacus, offrant ainsi aux investisseurs de Carlisle l'accès à la classe d'actifs des produits d'assurance non corrélés d'Abacus Life.
Abacus Life (NASDAQ: ABL) hat die Übernahme der Carlisle Management Company abgeschlossen, einem in Luxemburg ansässigen Investmentfondsmanager, der auf Lebensversicherungen spezialisiert ist und über 2 Milliarden Dollar an verwalteten Vermögenswerten verfügt. Die Übernahme stimmt mit der Strategie von Abacus überein, das langfristige Wachstum voranzutreiben und sein Angebot im Bereich alternative Vermögensverwaltung zu diversifizieren. Jose Garcia, CEO von Carlisle, tritt dem Executive Leadership Team von Abacus Life bei. Die Übernahme fügt der ABL Wealth-Division von Abacus rund 2,0 Milliarden Dollar hinzu und bietet Carlisles Investoren Zugang zur nicht korrelierten Vermögensklasse der Versicherungsprodukte von Abacus Life.
- Acquisition adds $2 billion in assets under management
- Expands global presence through Luxembourg-based operations
- Strategic diversification of asset management offerings
- Integration of experienced leadership with Carlisle CEO joining executive team
- None.
Insights
This strategic acquisition significantly strengthens Abacus Life's market position in the life settlement industry. The addition of Carlisle's
- Expanded global reach into the European market through Luxembourg-based operations
- Enhanced diversification of revenue streams
- Increased scale in alternative asset management
- Access to Carlisle's established investor base
The timing of the deal completion before year-end demonstrates strong execution capabilities and could positively impact Q4 financial results. For investors, this acquisition represents a significant growth catalyst that could drive value through operational synergies and expanded market opportunities in the uncorrelated life settlement asset class.
ORLANDO, Fla., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a pioneering global alternative asset manager specializing in leveraging longevity data and actuarial technology to offer uncorrelated investment opportunities, today announced it has completed the acquisition of Carlisle Management Company S.C.A. (“Carlisle”), a leading Luxembourg-based investment fund manager in the life settlement space with over U.S.
With the completion of this transaction, Jose Garcia, CEO of Carlisle, joins the Abacus Life Executive Leadership Team.
“We are honored to welcome Jose and the amazing Carlisle team to the Abacus family and to have accomplished our stated objective of completing the acquisition before the end of the fourth quarter,” said Abacus Life Chairman and CEO Jay Jackson. “Carlisle adds approximately
“On behalf of myself and everyone on the Carlisle team, thank you to Jay Jackson, Elena Plesco, the Abacus Life Board members, and everyone on the Abacus team,” said Jose Garcia, Carlisle CEO. “We look forward to working closely together and realizing the full potential of the tremendous opportunities and synergies that lie ahead.”
About Abacus
Abacus is a pioneering global alternative asset manager and market maker specializing in uncorrelated financial products. The company leverages its proprietary, cutting-edge longevity data and actuarial technology to purchase life insurance policies from consumers seeking liquidity. This creates a high-return asset class uncorrelated to market fluctuations for institutional investors.
With nearly
Abacus is expanding its leading expertise in longevity and lifespan into new growth areas:
- ABL Wealth - Leverages decades of data and proprietary algorithms to offer longevity-based wealth management platforms that enable financial advisors to create customized plans and provide access to uncorrelated investments.
- ABL Tech - A groundbreaking technology service that delivers advanced real-time data tracking and analysis for pension funds, governments, insurance companies, retirement associations, and more.
Through each new channel, Abacus is revolutionizing the future of asset management and financial planning, centered on longevity and lifespan.
About Carlisle Management Company S.C.A.
Established in 2008, Carlisle is a leading, highly diversified global investment management firm. Carlisle is licensed as an Alternative Investment Fund Manager under the supervision of the CSSF in Luxembourg, the second largest domicile for investment funds in the world.
The Carlisle team is at the forefront of the life settlement industry, establishing a new standard for transparent transactions, maintaining integrity, and creating exceptional opportunities for life settlement investors and policyholders. Carlisle’s state-of-the-art facilities and statistical modelling systems incorporate knowledge gained from over 60 years of combined investment experience within the alternative assets sector.
Supervised by the Luxembourg regulator and overseen by reputable audit firms at both management company and fund levels. Carlisle’s management focuses solely on maximizing investor returns, risk management and transparency in investor reporting within a regulated framework.
Contacts:
Investor Relations
Robert F. Phillips – SVP Investor Relations and Corporate Affairs
rob@abacuslife.com
(321) 290-1198
David Jackson – IR/Capital Markets Associate
djackson@abacuslife.com
(321) 299-0716
Abacus Life Public Relations
press@abacuslife.com
Carlisle Management Investor Relations
info@cmclux.com
Carlisle Management Public Relations
press@cmclux.com
FAQ
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