Abacus Life, Inc. announced on November 26, 2024, that it has received regulatory non-objection from the Luxembourg Commission de Surveillance du Secteur Financier (CSSF) for its acquisition of Carlisle Management Company S.C.A. Carlisle is a leading Luxembourg-based investment fund manager specializing in the life settlement space. This approval clears a significant hurdle for the transaction.
The company targets a close date for the Carlisle acquisition by December 2, 2024, as previously communicated. This acquisition is expected to add approximately $2.0 billion in assets under management (AUM) to Abacus Life's ABL Wealth division. This substantial increase in AUM will significantly enhance Abacus Life's capabilities.
This development is a major milestone in Abacus Life's strategy to drive long-term growth and diversify its value proposition through expanded global alternative asset-management offerings. It solidifies the company's position as a major player in the lifespan-based financial products market.
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