Welcome to our dedicated page for Alpha Growth news (Ticker: ALPGF), a resource for investors and traders seeking the latest updates and insights on Alpha Growth stock.
Alpha Growth Plc (ALPGF) is a leading financial services specialist in the growing longevity asset class and insurance-linked asset management business. The company provides consultancy and advisory services to institutional and qualified investors globally, focusing on longevity assets and insurance-linked asset and wealth management.
With a well-established network, Alpha Growth plc offers unique access to alternative institutional investors seeking specialized skills for deploying financial resources in longevity assets. The company's strategy includes expanding advisory services through acquisitions and joint ventures in the UK and the US to achieve commercial scale and provide holistic solutions.
Longevity assets are non-correlated to traditional markets, offering a steady increase in net asset value over time. Alpha Growth plc focuses on advising and managing longevity assets originating in the highly regulated US structured and life settlement market.
Alpha Growth Plc (LSE:ALGW)(OTCQB:ALPGF) announced its 2022 performance update, highlighting a 70x increase in assets under management (AUM) to approximately $700 million since January 2020. The BlackOak Alpha Growth Fund generated a 7.20% return in 2022, outperforming the FTSE 100 significantly. The company completed two acquisitions, adding over $284 million in AUM, and launched a new fund targeting a broader investor base. Alpha aims for $2 billion in AUM by 2025. The new broker, Allenby Capital, initiated coverage, enhancing investor outreach. The company anticipates robust growth without needing additional capital raises.
Alpha Growth has signed a share purchase agreement to acquire a Bermuda-based holding company and its insurance subsidiary, enhancing its assets under management significantly. This transformative deal is expected to be EBITDA positive, with managed assets exceeding $290 million and in-force policies over $750 million. Following an oversubscribed placement raising £3,750,000, the company is poised for further growth. The acquisition will enable Alpha Growth to expand its range of life insurance-based wealth management products.
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