Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Abacus Life ( (ABL) ) has provided an announcement.
Abacus Life, Inc. announced the successful closure of a $150 million debt financing facility arranged by Sagard and Värde Partners to support its strategic objectives and growth plans. This financing will provide Abacus with the capital needed to meet inventory demands, avoid raising incremental equity, and strengthen its market position as a leader in life settlements, emphasizing the confidence of institutional partners in its business model and growth trajectory.
More about Abacus Life
Abacus Life is a pioneering global alternative asset manager specializing in uncorrelated financial products, leveraging longevity data and actuarial technology to offer high-return investment opportunities. The company focuses on life insurance policies, providing liquidity to consumers and creating asset classes uncorrelated with market fluctuations for institutional investors. With nearly $3 billion in assets under management, Abacus is the only publicly traded asset manager focused on lifespan-based financial products and is expanding into longevity-based wealth management and technology services.
YTD Price Performance: -19.05%
Average Trading Volume: 172,439
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $662.2M
For detailed information about ABL stock, go to TipRanks’ Stock Analysis page.
