Fifth Season Investments Acquires Fifth Season Financial LP and the Life Insurance Investment Assets of Chapford Capital II, LP and Chapford Diversified Strategies Fund, LP

Rhea-AI Summary

Fifth Season Investments has successfully acquired assets from Fifth Season Financial and Chapford Capital for a new life settlement investment platform, valued at $220 million. This acquisition includes the life settlement business assets and loans secured by life insurance policies. With the new platform, Fifth Season aims to manage a diversified portfolio of life insurance backed assets, leveraging talent and existing investments to enhance growth. Backed by Owl Rock BDCs, the company plans to expand into senior life settlements and achieve substantial market presence.

Positive

• Acquisition valued at $220 million enhances Fifth Season's investment capabilities.
• Integration of best-in-class talent and existing performing portfolio from Fifth Season Financial and Chapford Capital.
• Financial backing from Owl Rock BDCs supports ambitious portfolio growth plans.
• Opportunity to diversify investment strategies beyond short life expectancies.

Negative

• None.

STAMFORD, Conn., Nov. 15, 2022 /PRNewswire/ -- Fifth Season Investments LLC ("Fifth Season Investments"), today announced its successful acquisition of assets to form a new life settlement investment platform. The acquisition includes (i) all of the life settlement business assets of Fifth Season Financial, LP ("Fifth Season Financial"), and (ii) substantially all of the life settlement investment positions and loans secured by life insurance policies owned by Chapford Capital II, LP ("Chapford Capital") and Chapford Diversified Fund, LP ("Chapford Diversified"). As a result of the transaction, which is valued at $220 million, all of the employees of Fifth Season Financial, including its founding partners Adam Balinsky and Scott Rose, have moved to Fifth Season Investments' affiliate Fifth Services, LP.

Together with Fifth Season Investments, this new platform will manage and invest in life insurance backed assets, including secondary and tertiary life settlements. The transaction brings best in class talent and operations to Fifth Season Investments as well as an existing performing portfolio of life insurance policy investments.

Adam Balinsky, President of Fifth Season Investments stated, "We are all very excited about growing this business with the investment from the Owl Rock BDCs.   This new platform gives our team the financial backing and long-term investment horizon that will allow us to build on our ten years of success in our prior business.  We can now expand our footprint and purchase criteria to take advantage of the excellent investment opportunities available in the life settlement market.  Our goal is to build a large, diversified life settlement portfolio that provides stable, attractive, uncorrelated returns in the form of a long-dated asset."

Fifth Season Investments will continue to work with its network of life settlement providers, brokers and professionals to build out its portfolio. 

Balinsky added, "Our goal is to substantially grow our life settlement portfolio over the coming years and to become one of the largest life settlement investors in the market. With backing from the Owl Rock BDCs, we are now capable of expanding our buying parameters beyond our prior focus on highly impaired individuals with short life expectancies to take advantage of opportunities in the main senior life settlement secondary and tertiary markets."

About Fifth Season

Fifth Season is a portfolio company of certain Owl Rock business development companies, which are externally managed by indirect subsidiaries of Blue Owl Capital Inc. that are SEC-registered investment advisers. Owl Rock is a division of Blue Owl Capital (NYSE: OWL), an alternative asset manager with approximately $132.1 billion of assets under management as of September 30, 2022.

Contact: Adam Balinsky, adam.balinsky@fifthseasoninvestments.com, (203) 914-1677

 

 

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SOURCE Fifth Season Investments

FAQ

What is the significance of Fifth Season Investments' recent acquisition on November 15, 2022?

The acquisition enhances Fifth Season Investments' capabilities by integrating assets from Fifth Season Financial and Chapford Capital, valued at $220 million.

How will the acquisition impact Fifth Season Investments' stock symbol OWL?

The acquisition is expected to strengthen Fifth Season Investments' financial position and market presence, potentially benefiting stakeholders of Owl Rock (symbol OWL).

What are the future plans for Fifth Season Investments following the acquisition?

Fifth Season Investments aims to grow its life settlement portfolio significantly, targeting diversification and attractive returns.

Who are the key personnel involved in the acquisition by Fifth Season Investments?

Adam Balinsky and Scott Rose, founding partners of Fifth Season Financial, have joined Fifth Season Investments' affiliate, Fifth Services, LP.