Abacus Life, a global alternative asset manager specializing in longevity data and actuarial technology, has completed its acquisition of Carlisle Management Company S.C.A. Carlisle, a Luxembourg-based investment fund manager in the life settlement sector, manages over $2 bn in assets.
This acquisition aligns with Abacus’s strategy to drive growth and diversify its global alternative asset-management offerings. Jose Garcia, Carlisle’s CEO, joins the Abacus Life Executive Leadership Team as part of the transaction.
Abacus Chairman and CEO Jay Jackson expressed enthusiasm about the acquisition.
This acquisition, completed ahead of schedule, adds $2 bn to our ABL Wealth division, enhancing investor access to our uncorrelated, high-return insurance asset class
Abacus Chairman and CEO Jay Jackson
Jose Garcia thanked Jay Jackson, Elena Plesco, the Abacus Board, and the team, expressing optimism about future opportunities and collaborations.
Abacus focuses on uncorrelated financial products, using proprietary longevity data and actuarial technology to purchase life insurance policies from consumers seeking liquidity. This creates a high-return asset class for institutional investors, unaffected by market fluctuations.
With nearly $3 bn in assets under management, Abacus is the only publicly traded global alternative asset manager dedicated to lifespan-based financial products.
