Abacus Global to acquire $53M minority equity stake in Manning & Napier

Abacus Global (ABX)announced that it has entered into a definitive agreement to acquire an approximately $53M minority equity stake in Manning & Napier. In connection with the equity investment, the parties have agreed to enter into a strategic alliance agreement designed to create mutual growth across three core dimensions: product distribution, lead generation and referrals, and joint product development. The SAA is the primary value driver of the proposed transaction, which is expected to create a framework for strategic collaboration between the two platforms while preserving Manning & Napier’s independent operations. The equity investment is expected to close in Q2 2026 subject to customary closing conditions, including regulatory approvals.