Abacus Global Management (NYSE:ABX) has agreed to acquire an approximately $53 million minority equity stake in wealth and asset manager Manning & Napier, as the alternative asset manager looks to expand distribution of its longevity-focused investment products.
The Orlando, Florida-based company said the deal will be accompanied by a strategic alliance agreement aimed at driving growth through product distribution, lead generation and joint product development, while allowing Manning & Napier to maintain its independent operations.
Manning & Napier manages about $18 billion in total assets and serves roughly 3,400 clients.
Abacus CEO Jay Jackson said the investment marks a key step in the company’s evolution into a “fully integrated, longevity-focused alternative asset management platform.”
“Combined with our proprietary LifeARC data and actuarial capabilities, this partnership completes the Abacus flywheel—connecting our Life Solutions origination engine, our growing Asset Group, and now a dedicated wealth management channel,” Jackson said in a statement.
Under the agreement, Manning & Napier will be able to distribute Abacus Asset Group investment products, including exchange-traded funds, longevity funds and asset-based finance strategies, to its clients and partners.
The alliance will also create a referral pipeline between the firms. Abacus said its Life Solutions platform generates about 10,000 customer leads each month, some of which could be referred to Manning & Napier’s advisory platform, while the wealth manager’s client base could provide referrals for Abacus products.
The companies also plan to jointly develop lifespan-based financial planning products tailored to Manning & Napier’s clients by combining Abacus’s longevity data platform, LifeARC, with the wealth manager’s planning infrastructure.
Manning & Napier president and CFO Paul Battaglia said the investment would support the firm’s growth strategy. “Abacus’ strategic capital investment positions us to deliver meaningful benefits for our clients, advisor partners and employees.”
The transaction is expected to close in the second quarter of 2026.
The announcement comes as Abacus reported strong financial results for 2025, with total revenue rising 110% year-over-year to $235.2 million and adjusted EBITDA increasing 115% to $132.6 million.
“We closed the year by delivering another strong quarter, achieving eleven consecutive quarters beating consensus,” Jackson said.
“Quarter after quarter, we hit our guidance, exceeded expectations, expanded margins, and grew our asset base to approximately $3.6 billion—all while executing disciplined capital allocation with ROE and ROIC above 20%.”
Jackson added that the results “should give shareholders confidence as we lay out our 5-year path to becoming a mid-cap company operating at approximately $450 million in adjusted EBITDA at scale, with recurring revenue representing 70% of our total revenue mix.”
For 2026, Abacus expects adjusted net income between $96 million and $104 million, implying growth of up to 22% from 2025 levels.