Eldridge Industries has announced its plan to launch Eldridge, an asset management and insurance holding firm with close to $74bn in AuM.
Eldridge will consist of two branches; Eldridge Capital Management and Eldridge Wealth Solutions.
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Eldridge Capital Management will focus on four investment strategies – corporate credit, GP solutions, real estate credit, and sports, media, and entertainment – and will conduct business under the Eldridge brand.
However, Eldridge Wealth Solutions, an insurance and retirement solutions platform, will be comprised of Eldridge’s wholly owned insurance companies, Security Benefit and Everly Life.
In addition, the new company will be managed by an executive committee chaired by Todd Boehly, chairman and CEO of Eldridge Industries.
“Eldridge will bring together decades of collective experience, world-class structuring, proprietary origination expertise, and differentiated approaches to capitalize on what we believe to be the most attractive opportunity set in quite some time, and we are excited to enter this next chapter of growth,” said Mr. Boehly. “We are confident that the firm will provide the highest level of service and generate new, compelling investment opportunities.”
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By GlobalDataFurthermore, Tony Minella, Eldridge Industries Co-founder and President, who has worked alongside Mr. Boehly for approximately twenty-five years, will lead Eldridge Capital Management as Chief Executive Officer. Todd Gilbert and Nicholas Sandler will serve as Co-Presidents of Eldridge Capital Management.
Eldridge Wealth Solutions will be led by Doug Wolff as Chief Executive Officer and Joseph Wittrock as Chief Investment Officer.
Shanta Life Insurance, a subsidiary under Shanta Holdings, has also officially begun its operations from this month in Bangladesh.
The insurer’s head office at Shanta Western Tower in Dhaka will be the central hub for its activities.
The company aims to provide simplified insurance products tailored to meet the diverse needs of individuals throughout the country.
