Annuity Issuer Adds $3B in Capital
January 14, 2025 by Allison Bell
Aspida, an annuity issuer controlled by Ares Management Corp., has raised $3 billion that it can use to write more fixed annuities.
Ares, a New York-based asset manager with $464 billion in assets under management, said it has raised $2.3 billion in capital for Aspida by arranging to sell stock to outside investors.
Aspida has also raised $700 million in capital through credit facilities.
Wink’s Moore on the Market: Looking into my crystal ball…
and I see Aspida getting more competitive in their annuity offerings.
Thanks for the intel Allison Bell at ThinkAdvisor. -sjm
Originally Posted at Think Advisor on January 10, 2025 by Allison Bell.
Categories: Industry Articles
