AcquisitionsMay 27, 2026, 11:16 AM
Abacus Closes $52.9M Minority Investment in Manning & Napier
AI Summary
Abacus Global Management, Inc. announced the closing of its $52.9 million acquisition of an indirect minority position in Manning & Napier, Inc. The companies also entered into a Strategic Alliance Agreement (SAA) to foster collaboration across lead generation, product development, and joint client solutions. This partnership aims to combine Manning & Napier's investment expertise with Abacus's proprietary longevity data and actuarial capabilities, enhancing financial planning for clients and accelerating Abacus's Wealth Advisors Platform with ~$18 billion AUM.
Key Highlights
- Abacus Global Management completed its $52.9 million acquisition of an indirect minority position in Manning & Napier, Inc.
- The acquisition was previously announced on March 12, 2026, and closed on May 27, 2026.
- Abacus and Manning & Napier entered into a Strategic Alliance Agreement (SAA) to create mutual value.
- The SAA focuses on lead generation/referrals, product development/distribution, and joint client solutions.
- The partnership leverages Abacus's proprietary longevity data and actuarial capabilities (LifeARC).
- The minority equity investment accelerates Abacus Wealth Advisors Platform with ~$18 Billion AUM.
- Manning & Napier will offer Abacus Asset Group investment products, including ETFs and longevity funds.
- Abacus Life Solutions may refer approximately 10,000 customer leads per month to Manning & Napier's wealth advisory platform.
Price Impact
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