Abacus Life Expands Horizons with Acquisition of Carlisle Management!
ORLANDO, Fla., Dec. 02, 2024 – Big news is stirring in the world of alternative investments! Abacus Life, Inc. (NASDAQ: ABL), a trailblazer in leveraging longevity data and innovative actuarial technology, proudly announces a significant milestone: the acquisition of Carlisle Management Company S.C.A., a powerhouse in the life settlement investment sector based in Luxembourg, managing over $2 billion in assets. This strategic move is set to elevate Abacus’s mission to foster long-term growth and broaden its portfolio of global alternative asset management offerings.
With this game-changing acquisition, Jose Garcia, the dynamic CEO of Carlisle, steps into the spotlight as part of Abacus Life’s Executive Leadership Team.
“We are thrilled to welcome Jose and the exceptional Carlisle team to the Abacus family! Achieving this acquisition before the year’s end truly underscores our commitment to growth,” said Jay Jackson, Chairman and CEO of Abacus Life. “With Carlisle joining our ranks, we’re adding a substantial $2.0 billion to our ABL Wealth division, empowering our investors with unparalleled access to Abacus Life’s unique, high-yield insurance products.”
“A heartfelt thank you to Jay Jackson, Elena Plesco, the Abacus Life Board, and the entire team for this incredible opportunity,” expressed Jose Garcia. “We are excited to collaborate closely and unlock the immense potential that lies ahead for both our teams!”
Discover Abacus
Abacus Life stands at the forefront of global alternative asset management, specializing in uncorrelated financial products that defy market trends. By utilizing cutting-edge longevity data and actuarial technology, Abacus buys life insurance policies from individuals looking for liquidity, creating a high-return investment avenue for institutional investors.
With nearly $3 billion in assets under management, including this recent acquisition, Abacus is the only publicly traded global asset manager dedicated to lifespan-based financial products.
Abacus is set on expanding its expertise in longevity into exciting new ventures:
- ABL Wealth – This innovative platform harnesses decades of data and proprietary algorithms to equip financial advisors with tailored longevity-based wealth management solutions, steering clients towards uncorrelated investments.
- ABL Tech – a groundbreaking service that provides advanced, real-time data tracking and analysis for pension funds, governments, insurance firms, retirement associations, and beyond.
Through these channels, Abacus is redefining the landscape of asset management and financial planning with a focus on longevity and lifespan.
About Carlisle Management Company S.C.A.
Founded in 2008, Carlisle is a diversified global investment management firm licensed as an Alternative Investment Fund Manager under the prestigious supervision of the CSSF in Luxembourg, the world’s second-largest investment fund hub.
The Carlisle team is setting new standards in the life settlement industry, emphasizing transparent transactions while maximizing opportunities for investors and policyholders. With over 60 years of combined experience in the alternative assets field, Carlisle integrates cutting-edge statistical modeling with robust investment practices.
Under the watchful eye of the Luxembourg regulator and respected auditing firms, Carlisle prioritizes maximizing investor returns, effective risk management, and transparency in reporting.
Contacts:
Investor Relations
Robert F. Phillips – SVP Investor Relations and Corporate Affairs
[email protected]
(321) 290-1198
David Jackson – IR/Capital Markets Associate
[email protected]
(321) 299-0716
Public Relations
[email protected]
Carlisle Management Investor Relations
[email protected]
Carlisle Management Public Relations
[email protected]
