Abacus Global Management CEO Jay Jackson joined Steve Darling from Proactive to announce that the company has entered into a definitive agreement to acquire an approximately $53 million minority equity stake in Manning & Napier, a diversified investment manager with roughly $18 billion in assets under management. Jackson explained that alongside the equity investment, the companies will establish a Strategic Alliance Agreement aimed at creating growth opportunities across three key areas: product distribution, lead generation and referrals, and joint product development. The strategic alliance is expected to be the primary value driver of the transaction, providing a framework for collaboration while allowing Manning & Napier to continue operating independently. According to Abacus Global, the partnership represents a significant milestone in the company’s evolution from a life solutions originator into a fully integrated, longevity-focused alternative asset management platform. ...