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Nassau Financial Group and Fortress Investment Group Enter into Strategic Partnership

HARTFORD, Conn., and NEW YORK, September 5, 2023 – Nassau Financial Group, L.P. (“Nassau”), a leading provider of fixed annuities and asset management, and Fortress Investment Group LLC (“Fortress”), a global investment management firm, today announced they have entered into a strategic partnership. This strategic partnership marks a significant milestone for both organizations and opens new avenues for growth and close collaboration. The transaction closed on September 1, 2023, after receiving regulatory approvals.

As part of this strategic partnership, Nassau received a $130 million minority non-voting common equity investment from Fortress. This investment will provide additional primary capital to both further strengthen Nassau’s balance sheet and accelerate the firm’s growth strategy, including organic growth and acquisitions. Nassau entered into a long-term Investment Management Agreement (“IMA”) with Fortress, whereby Nassau’s insurance subsidiaries will have full access to Fortress’ credit investment strategies. Nassau intends to begin investing alongside Fortress credit funds targeting direct lending and ABS investing opportunities.

September 5, 2023 Alice Ericson Nassau No comments

Finding opportunities in the negative headlines

In the second part of an Insurance Asset Risk/Invesco roundtable, insurers talk through the distresses currently seen in real estate markets. And how bank repositioning offers opportunities for insurers to invest.

Nassau CorAmerica CEO Bill Petak was one of six industry leaders to participate.

Attendees:

Randy Brown, chief investment officer, Sun Life
Charlie Rose, global head of credit, Invesco Commercial Real Estate Finance Trust
Robert O’Rourke, head of real estate, Guardian Life
Bill Petak, CEO, Nassau CorAmerica
Jean-Roch Sibille, chief investment officer, Allianz Life
Dan North, senior economist North America, Allianz Trade
Chaired by Sarfraz Thind, US Editor, Insurance Asset Risk

August 31, 2023 Alice Ericson CorAmerica, NCA Realty Partners No comments

Benefits of CRE for insurers’ investment portfolios

In the first part of an Insurance Asset Risk/Invesco roundtable, insurers discuss the current environment for CRE investing and how the asset fits into their portfolios.

Nassau CorAmerica CEO Bill Petak was one of six industry leaders to participate.

Attendees:

Randy Brown, chief investment officer, Sun Life
Charlie Rose, global head of credit, Invesco Commercial Real Estate Finance Trust
Robert O’Rourke, head of real estate, Guardian Life
Bill Petak, CEO, Nassau CorAmerica
Jean-Roch Sibille, chief investment officer, Allianz Life
Dan North, senior economist North America, Allianz Trade
Chaired by Sarfraz Thind, US Editor, Insurance Asset Risk

August 17, 2023 Alice Ericson CorAmerica, NCA Realty Partners No comments

Nassau Financial Group Forms Nassau Global Credit

HARTFORD, Conn., July 17, 2023 — Nassau Financial Group, L.P. (“Nassau”) today announced the formation of Nassau Global Credit (“NGC”), which combines Angel Island Capital Management (“AIC”) and Nassau Corporate Credit (“NCC”). NGC will be a subsidiary of Nassau’s asset management segment, Nassau Asset Management, and will be led by Alexander Dias as Chief Executive Officer and Jonathan Insull as Chief Investment Officer.

This strategic combination unites Nassau’s existing credit businesses to create an integrated specialty credit platform with a combined $8.4 billion in AUM as of March 31, 2023. Like its predecessor strategies, NGC will continue to invest in the performing and opportunistic loan and bond markets across the U.S. and Europe, issuing collateralized loan obligations (CLOs), sponsoring private investment funds, and managing separately managed accounts as part of Nassau Asset Management’s broader initiatives to accelerate growth.

July 17, 2023 Alice Ericson Asset Management, Nassau No comments

Nassau Financial Group Completes Acquisition of Delaware Life Insurance Company of New York

Hartford, Conn., July 3, 2023 — Nassau Financial Group, L.P. (“Nassau”) today announced that its subsidiary, Nassau Life Insurance Company (“NNY”), has completed the acquisition of Delaware Life Insurance Company of New York (“DLNY”) from Delaware Life Insurance Company (“Delaware Life”), a Group 1001 company.

NNY and DLNY are New York-domiciled life insurance companies, and Nassau plans to merge DLNY into NNY.

“It has been our pleasure to work with the team at Group 1001 and Delaware Life, enabling the sale of their non-strategic business line,” said Phil Gass, Chief Executive Officer of Nassau. “As Nassau’s fourth insurance acquisition, the closing of this transaction marks yet another milestone as we continue to expand our New York presence. We look forward to welcoming the DLNY policyholders to Nassau.”

July 3, 2023 Alice Ericson Nassau No comments

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Alice Ericson

AliceE

Nassau Financial Group and Fortress Investment Group Enter into Strategic Partnership

Finding opportunities in the negative headlines

Attendees:

Benefits of CRE for insurers’ investment portfolios

Attendees:

Nassau Financial Group Forms Nassau Global Credit

Nassau Financial Group Completes Acquisition of Delaware Life Insurance Company of New York

All Nassau News

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