HARTFORD, Conn., Sept. 20, 2023 – Nassau has been named one of the 2023 Top Workplaces in Greater Hartford, an annual list published by the HartfordCourant. Nassau is one of 59 local companies to earn this recognition and ranked 8th in the midsize employer category.
The Hartford Courant list is based solely on employee feedback gathered through a third-party survey administered by Energage. Employees in Nassau’s Hartford headquarters participated in the survey.
Top Workplaces rankings are conducted in metro regions across the country and include employers with at least 50 local employees. Nassau was also part of Albany’s 2023 Top Workplaces list, published last April.
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.
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.
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.”
HARTFORD, Conn., and BOSTON – June 28, 2023 – Nassau Financial Group (“Nassau”) today announced an agreement with LifeYield, a financial technology company specializing in applications that help advisors and independent insurance producers optimize retirement income, maximize Social Security, and minimize tax drag on investments for their clients. This collaboration is intended to help advance the ability of independent producers to create retirement income protection for more Americans through education, emerging retiretech technology, and annuities.
Nassau will integrate LifeYield’s “Social Security+ with Income Layers” application into its retiretech toolbox for use by independent producers. This application models Social Security benefits under different scenarios. Producers can then help clients by showing potential options for converting assets into reliable income streams to supplement Social Security benefits.