Abacus Global Management takes minority stake in Manning & Napier

Abacus Global Management announced that it has entered into a definitive agreement to acquire a minority equity stake in MANNING & NAPIER  for approximately $53 million.

The investment will be accompanied by a strategic alliance designed to expand product distribution, generate referrals, and support joint product development between the two firms. Manning & Napier manages roughly $18 billion in assets and serves about 3,400 clients.

Under the agreement, Manning & Napier will be able to distribute investment products from Abacus Asset Group, including ETFs, longevity funds, and asset based finance strategies. The partnership will also enable referrals between Abacus’s life settlement origination platform and Manning & Napier’s wealth advisory business, while the firms collaborate on lifespan based financial planning products using Abacus’s LifeARC longevity data.

The transaction is expected to close in the second quarter of 2026, subject to regulatory approvals and customary closing conditions.