Minority equity investment of ~$53 million from Abacus in Manning & Napier accelerates Abacus Wealth Advisors Platform with ~$18 Billion AUM
ORLANDO, Fla., May 27, 2026 (GLOBE NEWSWIRE) -- Abacus Global Management, Inc. ("Abacus") (NYSE:ABX), a leader in the alternative asset management industry, and Manning & Napier, Inc., ("Manning & Napier") a diversified wealth and asset management firm, today announced the entrance into a Strategic Alliance Agreement (the "SAA") and the closing of Abacus's minority equity investment in Manning & Napier. Abacus will join Callodine Group and East Asset Management as institutional investors in Manning & Napier.
The strategic partnership is designed to create mutual value across three core dimensions: lead generation and referrals, product development & distribution, and joint client solutions. The SAA establishes a framework for strategic collaboration between Abacus's and Manning & Napier's respective platforms, leveraging Abacus's proprietary longevity data and actuarial capabilities and reflecting Manning & Napier's commitment to delivering exceptional investment solutions and planning expertise to clients.
Paul Battaglia, President & CFO of Manning & Napier, commented, "We are excited to achieve this milestone with Abacus and welcome them as a strategic investor in our business. This agreement positions us to deliver meaningful benefits to our clients and partners as we continue to build on the trusted foundation Manning & Napier has established over decades."
"This partnership opens a genuinely differentiated path for our clients. By pairing Manning & Napier's 55 years of investment and planning experience with Abacus's proprietary longevity insights, we will be able to deliver a more complete financial plan, one that, as fiduciaries, helps clients see and act on the full value of every asset they hold, including life insurance," said Greg Holden, President of Wealth Management and Institutional Advisory at Manning & Napier. "We are now uniquely positioned to address one of the most pressing challenges facing clients today: planning with confidence for a longer life."
"We built Abacus around a simple belief: that longevity data, applied well, can help people make better decisions about their financial lives. This alliance with Manning & Napier puts that belief into practice at scale, with a team that has been doing this work with integrity for decades," said Jay Jackson, Chief Executive Officer of Abacus Global Management.
Strategic Alliance Highlights
Joint Client Solutions
Manning & Napier and Abacus will collaborate on developing lifespan-based financial planning products tailored to Manning & Napier's client demographics, combining Abacus's proprietary longevity data and actuarial capabilities (LifeARC) with Manning & Napier's wealth ...
