Alternative asset manager Abacus Life announced a definitive agreement to acquire FCF Advisors, a New York-based asset manager and index provider specializing in free cash flow-focused investment strategies. The acquisition of FCF – which has approximately $600 million in assets under management – is aligned with Abacus’ ongoing expansion of ABL Wealth and its suite of products.
FCF has become a recognized leader in free cash flow analytics and research over the last decade. And the firm has pioneered the free cash flow quality model which serves as the foundation for the firm’s quantitative investment process. Plus, FCF Advisors has a suite of core and thematic free cash flow equity strategies and offers over 50 customizable free cash flow index strategies covering 8 global equities allocation categories available in separately managed accounts (SMA)/white label SMA and model delivery.
The deal is subject to customary closing conditions. And the deal is expected to close in the fourth quarter of 2024.
Burr & Forman is acting as legal counsel to Abacus Life. And Dynasty Investment Bank is acting as exclusive financial advisor to FCF Advisors, and DLA Piper, Stradley Ronon Stevens & Young and Rivkin Radler are acting as legal counsel to FCF Advisors.
KEY QUOTES:
“We are excited to welcome FCF Advisors into the Abacus Life family. The addition of FCF Advisors will significantly expand our offerings within ABL Wealth, bringing us closer to our goal of delivering comprehensive, lifespan-based financial advisory services and products. This acquisition aligns perfectly with our vision of providing clients with holistic and tailored financial solutions throughout their lives.”
- Jay Jackson, CEO of Abacus Life
