Hildene Capital Management to acquire SILAC for $550m
December 9, 2025 by Beth Musselwhite
Hildene Capital Management, LLC, a credit-focused alternative asset manager, has signed a definitive agreement to acquire SILAC, Inc., the parent company of SILAC Insurance Company.
Founded in 1935, SILAC provides fixed and fixed indexed annuity products in the U.S. Headquartered in Carmel, Indiana, the company operates across 48 states and the District of Columbia.
Wink’s Moore on the Market: Now, hold on.
Jefferies Financial Group Inc. (who doesn’t even have a LinkedIn page?) announced today it is acquiring a 50% interest in Hildene Holding Company, LLC, the parent of Hildene Capital Management, LLC and its affiliates, such as SILAC Insurance Company.
Mr. Stephen Hilbert (a la Conseco) was the CEO of SILAC, but is stepping down to make way for my friend, Dan Acker to become the new CEO. (CONGRATULATIONS, Dan!)
SILAC has a 0.46% market share of the $117B annuity market, 3Q2025. That said, they have a 1.64% share of the $32B indexed annuity market for that same period.
Will this mean even MORE competitive annuities for SILAC, moving forward? Only time (and Dan Acker) can tell… -sjm
