Guardian and Janus Henderson Announce Multifaceted, Strategic Partnership
Janus Henderson (NYSE: JHG) and Guardian Life Insurance have announced a strategic partnership where Janus Henderson will manage Guardian's $45 billion investment grade public fixed income portfolio. The partnership includes Guardian committing up to $400 million in seed capital for Janus Henderson's fixed income product innovation.
Key aspects of the deal include:
- Janus Henderson will manage Guardian's general account, including investment grade corporates and securitized credit
- Guardian will receive equity warrants and other economic consideration
- The partnership will increase Janus Henderson's fixed income assets under management to over $147 billion globally
- Both companies will co-develop proprietary multi-asset solution model portfolios for Guardian's Park Avenue Securities, which has over 2,400 advisors managing approximately $58.5 billion
The transaction is expected to close at the end of the second quarter of 2025.
Janus Henderson (NYSE: JHG) e Guardian Life Insurance hanno annunciato una partnership strategica in cui Janus Henderson gestirà il portafoglio di reddito fisso pubblico di qualità per un valore di 45 miliardi di dollari di Guardian. La partnership prevede che Guardian si impegni a fornire fino a 400 milioni di dollari in capitale iniziale per l'innovazione dei prodotti a reddito fisso di Janus Henderson.
Gli aspetti chiave dell'accordo includono:
- Janus Henderson gestirà il conto generale di Guardian, inclusi i titoli di stato di qualità e il credito cartolarizzato
- Guardian riceverà warrant azionari e altre considerazioni economiche
- La partnership aumenterà gli attivi in gestione a reddito fisso di Janus Henderson a oltre 147 miliardi di dollari a livello globale
- Entrambe le aziende co-sviluppano portafogli modello di soluzioni multi-asset proprietary per le Park Avenue Securities di Guardian, che conta oltre 2.400 consulenti che gestiscono circa 58,5 miliardi di dollari
Si prevede che la transazione si chiuda entro la fine del secondo trimestre del 2025.
Janus Henderson (NYSE: JHG) y Guardian Life Insurance han anunciado una asociación estratégica en la que Janus Henderson gestionará el portafolio de ingresos fijos públicos de grado de inversión de 45 mil millones de dólares de Guardian. La asociación incluye el compromiso de Guardian de proporcionar hasta 400 millones de dólares en capital semilla para la innovación de productos de ingresos fijos de Janus Henderson.
Los aspectos clave del acuerdo incluyen:
- Janus Henderson gestionará la cuenta general de Guardian, incluidos los corporativos de grado de inversión y el crédito titulado
- Guardian recibirá warrants de acciones y otras consideraciones económicas
- La asociación aumentará los activos de ingresos fijos bajo gestión de Janus Henderson a más de 147 mil millones de dólares a nivel global
- Ambas compañías co-desarrollarán carteras modelo de soluciones multi-activo propietarias para las Park Avenue Securities de Guardian, que cuenta con más de 2,400 asesores que gestionan aproximadamente 58.5 mil millones de dólares
Se espera que la transacción se cierre a finales del segundo trimestre de 2025.
Janus Henderson (NYSE: JHG)와 Guardian Life Insurance는 Janus Henderson이 Guardian의 450억 달러 규모의 투자 등급 공공 고정 수익 포트폴리오를 관리하는 전략적 파트너십을 발표했습니다. 이 파트너십에는 Guardian이 Janus Henderson의 고정 수익 제품 혁신을 위해 최대 4억 달러의 초기 자본을 제공하는 것이 포함됩니다.
계약의 주요 사항은 다음과 같습니다:
- Janus Henderson은 Guardian의 일반 계정을 관리하며, 투자 등급 기업 및 유동화 신용을 포함합니다
- Guardian은 주식 워런트 및 기타 경제적 보상을 받습니다
- 이 파트너십은 Janus Henderson의 고정 수익 자산을 전 세계적으로 1,470억 달러 이상으로 증가시킬 것입니다
- 양사는 Guardian의 Park Avenue Securities를 위한 독점적인 다중 자산 솔루션 모델 포트폴리오를 공동 개발할 것입니다. 이 회사는 약 2,400명의 자문이 585억 달러를 관리하고 있습니다
이번 거래는 2025년 2분기 말에 마무리될 것으로 예상됩니다.
Janus Henderson (NYSE: JHG) et Guardian Life Insurance ont annoncé un partenariat stratégique dans lequel Janus Henderson gérera le portefeuille d'obligations publiques de qualité d'investissement de 45 milliards de dollars de Guardian. Ce partenariat comprend l'engagement de Guardian à fournir jusqu'à 400 millions de dollars en capital initial pour l'innovation des produits de revenu fixe de Janus Henderson.
Les aspects clés de l'accord incluent:
- Janus Henderson gérera le compte général de Guardian, y compris les entreprises de qualité d'investissement et le crédit titrisé
- Guardian recevra des bons de souscription d'actions et d'autres considérations économiques
- Le partenariat augmentera les actifs de revenu fixe sous gestion de Janus Henderson à plus de 147 milliards de dollars à l'échelle mondiale
- Les deux entreprises co-développeront des portefeuilles modèles de solutions multi-actifs propriétaires pour les Park Avenue Securities de Guardian, qui comptent plus de 2 400 conseillers gérant environ 58,5 milliards de dollars
La transaction devrait être finalisée d'ici la fin du deuxième trimestre 2025.
Janus Henderson (NYSE: JHG) und Guardian Life Insurance haben eine strategische Partnerschaft angekündigt, in deren Rahmen Janus Henderson das 45 Milliarden Dollar schwere öffentliches Investment-Grade-Festzinsportfolio von Guardian verwalten wird. Die Partnerschaft umfasst das Engagement von Guardian, bis zu 400 Millionen Dollar an Startkapital für die Produktinnovation im Bereich Festzins von Janus Henderson bereitzustellen.
Wichtige Aspekte des Deals sind:
- Janus Henderson wird das allgemeine Konto von Guardian verwalten, einschließlich Investment-Grade-Unternehmen und verbriefter Kredite
- Guardian erhält Aktienwarrants und andere wirtschaftliche Überlegungen
- Die Partnerschaft wird die von Janus Henderson verwalteten Festzinsanlagen auf über 147 Milliarden Dollar weltweit erhöhen
- Beide Unternehmen werden proprietäre Multi-Asset-Lösungsmodell-Portfolios für die Park Avenue Securities von Guardian mit mehr als 2.400 Beratern entwickeln, die etwa 58,5 Milliarden Dollar verwalten
Der Abschluss der Transaktion wird für Ende des zweiten Quartals 2025 erwartet.
- Significant AUM growth: Adding $45 billion to fixed income portfolio management
- Strategic positioning: Becomes a top-15 unaffiliated insurance asset manager
- New revenue stream from Guardian's seed capital commitment of $400 million
- Equity warrants received from Guardian creating additional value potential
- Access to Guardian's Park Avenue Securities' $58.5B client asset base
- Long wait until deal closure (Q2 2025)
- Integration risks with Guardian's investment professionals joining Janus Henderson
Insights
This strategic partnership represents a transformative opportunity for Janus Henderson. The company will manage Guardian's
The
The partnership creates multiple revenue streams beyond the AUM increase: (1) management of Guardian's portfolio, (2) development of new fixed income products with seed capital, and (3) co-development of multi-asset solution models for Park Avenue Securities'
Guardian's equity warrants create alignment between the companies while providing Janus Henderson with a strategic partner invested in their long-term success. This partnership addresses key challenges facing mid-sized asset managers by delivering scale, stable long-term fee income, and expanded institutional credibility.
For Janus Henderson shareholders, this deal represents significant growth potential in the company's core fixed income competency, with the additional benefit of enhanced distribution capabilities through Guardian's network of financial representatives.
This partnership significantly strengthens Janus Henderson's competitive position in the institutional market. Post-transaction, Janus Henderson will manage over
The structure of the deal demonstrates sophisticated alignment of interests. Guardian gains specialized investment management capabilities while maintaining upside through equity warrants. Janus Henderson secures a massive, stable mandate while gaining additional resources for innovation and distribution.
The onboarding of Guardian's investment professionals provides continuity in asset management while enhancing Janus Henderson's specialized insurance investment capabilities - critical for serving this unique client segment with its specific regulatory and liability-matching requirements.
The co-development of proprietary model portfolios for Guardian's Park Avenue Securities creates an additional growth avenue by leveraging Janus Henderson's solutions capabilities and EdgeTM analytics platform across PAS's 2,400 advisors.
This partnership represents institutional validation of Janus Henderson's investment approach and demonstrates management's strategic vision to build in areas of existing strength while addressing scale challenges. The deal's comprehensive nature - spanning AUM growth, product development, and distribution expansion - makes it particularly valuable in an industry where strategic partnerships are increasingly important for sustainable growth.
-
Janus Henderson will manage the
$45 billion - Guardian will receive equity warrants and other economic consideration, supporting a shared goal of accelerating growth and creating value
-
Guardian will commit up to
$400 million - Guardian and Janus Henderson will also co-develop proprietary, multi-asset solution model portfolios for Guardian’s dually registered broker-dealer and registered investment advisor, Park Avenue Securities (PAS)
At the completion of this transaction, Janus Henderson will manage over
In addition, Guardian will commit up to
As part of this strategic partnership, Guardian will receive equity warrants and other economic consideration designed to support a shared goal of accelerating growth and driving value creation.
Guardian and Janus Henderson will also co-develop proprietary, multi-asset solution model portfolios for Guardian’s dually registered broker-dealer and registered investment advisor, Park Avenue Securities (PAS), which has over 2,400 advisors covering approximately
Andrew McMahon, Guardian Chairman and Chief Executive Officer, said, “This strategic partnership with Janus Henderson enhances Guardian’s investment and solutions capabilities and aligns our organizations for long-term, mutual growth. Our shared culture of collaboration and dedication to our clients make them a natural partner for Guardian. By combining Guardian’s exceptional experience with Janus Henderson’s market-leading investment strategies, resources, and capabilities, we will be able to offer innovative investment and wealth management strategies that will benefit customers and policyholders for years to come.”
Ali Dibadj, Chief Executive Officer of Janus Henderson, commented, “Janus Henderson is honored to partner with Guardian, one of the largest and most respected life insurers in the
This partnership transaction is expected to close at the end of the second quarter of 2025.
An investor presentation on the partnership transaction is available on Janus Henderson’s Investor Relations website.
Janus Henderson was advised by Mayer Brown LLP and Guardian was advised by Debevoise & Plimpton LLP.
About Guardian
Guardian makes a difference in the lives of people when they need us most. With 165 years of stability and fiscal integrity, we are a trusted resource to generations of families and business owners, inspiring well-being and helping build financial confidence. Today, we stand behind millions of consumers, helping them prepare and plan for a bright future for themselves and their families. We help business owners care for their employees. And we help people recover and thrive in times of unexpected loss. As a modern mutual insurance company, we believe in driving value beyond dividends. We invest in our colleagues, are building an inclusive and innovative culture, and are helping to uplift communities through thoughtful corporate impact programs. Guardian, which is based in
About Janus Henderson
Janus Henderson Group is a leading global active asset manager dedicated to helping clients define and achieve superior financial outcomes through differentiated insights, disciplined investments, and world-class service. As of December 31, 2024, Janus Henderson had approximately
Source: Janus Henderson Group plc
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Guardian® is a registered trademark of The Guardian Life Insurance Company of America,
Securities products/services and advisory services offered through Park Avenue Securities LLC, a registered broker-dealer and registered investment adviser. Park Avenue Securities is a wholly owned subsidiary of The Guardian Life Insurance Company of America and is located at 10 Hudson Yards,
Dividends are not guaranteed. They are declared annually by Guardian's Board of Directors. The total dividend calculation includes mortality experience and expense management as well as investment results.
Financial information concerning Guardian as of December 31, 2024, on a statutory basis: Admitted assets =
1 Figure includes the fixed income portion of multi-asset funds as of December 31, 2024.
2 Pro forma AUM as of December 31, 2024, figures include
3 Source: Clearwater Analytics Investment Outsourcing Report, 2024.
4 Source: Morningstar, as of March 31, 2025.
5 Source: Morningstar, as of March 31, 2025.
6 As of December 31, 2024.
7 Janus Henderson was awarded American Financial Technology Awards best analytics initiative for 2019.
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Media Contacts:
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Candice Sun
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+1 303-336-5452
candice.sun@janushenderson.com
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Investor Relations Contact:
Janus Henderson
Jim Kurtz
Head of Investor Relations
+1 303-336-4529
jim.kurtz@janushenderson.com
Source: Janus Henderson Group
FAQ
What is the size of the fixed income portfolio Janus Henderson (JHG) will manage for Guardian?
How much seed capital is Guardian committing to Janus Henderson (JHG)?
When will the Janus Henderson (JHG) and Guardian partnership transaction close?
What will be Janus Henderson's (JHG) total fixed income assets under management after this deal?
What additional benefits will Guardian receive in the partnership with Janus Henderson (JHG)?
