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Abacus Life Completes Acquisition of Carlisle Management Company S.C.A.
ABLAbacus Life(ABL) GlobeNewswire News Room·2024-12-02 15:38

Core Insights - Abacus Life, Inc. has completed the acquisition of Carlisle Management Company S.C.A., enhancing its position in the life settlement space with over 2billioninassetsundermanagement[1][3]−TheacquisitionalignswithAbacus′sstrategytodrivelong−termgrowthanddiversifyitsalternativeassetmanagementofferings[1][3]−JoseGarcia,CEOofCarlisle,joinstheAbacusExecutiveLeadershipTeam,indicatingacommitmenttoleveragingsynergiesbetweenthetwocompanies[2][3]CompanyOverview−Abacusisapioneeringglobalalternativeassetmanagerspecializinginuncorrelatedfinancialproducts,utilizinglongevitydataandactuarialtechnologytocreatehigh−returnassetclasses[4][5]−Thecompanymanagesnearly2 billion in assets under management [1][3] - The acquisition aligns with Abacus's strategy to drive long-term growth and diversify its alternative asset management offerings [1][3] - Jose Garcia, CEO of Carlisle, joins the Abacus Executive Leadership Team, indicating a commitment to leveraging synergies between the two companies [2][3] Company Overview - Abacus is a pioneering global alternative asset manager specializing in uncorrelated financial products, utilizing longevity data and actuarial technology to create high-return asset classes [4][5] - The company manages nearly 3 billion in assets, making it the only publicly traded global alternative asset manager focused on lifespan-based financial products [5] - Abacus is expanding its expertise into new growth areas, including ABL Wealth and ABL Tech, which focus on longevity-based wealth management and advanced data tracking services [6][7] Carlisle Management Company - Established in 2008, Carlisle is a leading global investment management firm licensed as an Alternative Investment Fund Manager in Luxembourg [8][10] - The firm is recognized for its transparent transactions and integrity in the life settlement industry, backed by over 60 years of combined investment experience [9][10] - Carlisle's management emphasizes maximizing investor returns and maintaining transparency within a regulated framework [10]