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Abacus Global Management (ABL) investor relations material
Abacus Global Management Registration Filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Company overview and business model
Operates as a diversified financial services firm with divisions in alternative asset management, wealth solutions, technology, and institutional services, focusing on longevity-based assets and personalized financial planning.
Business model includes origination and management of life insurance policies, asset management for institutional and private clients, proprietary technology services, and data-driven wealth management.
Recent acquisitions of Carlisle Management and FCF Advisors expanded asset management capabilities, adding alternative investment funds and ETFs to the platform.
Financial performance and metrics
Pro forma combined revenue for the nine months ended September 30, 2024, was $99.4 million, with a net loss attributable to common stockholders of $10.1 million.
For the year ended December 31, 2023, pro forma combined revenue was $111.4 million, with a net loss of $11.8 million.
As of September 30, 2024, combined total assets were $907.9 million and total equity was $574.3 million.
The Carlisle acquisition was valued at $156.3 million, with $76.4 million in equity and $79.9 million in debt consideration.
Use of proceeds and capital allocation
No proceeds from the offering will be received by the company; all proceeds go to selling securityholders.
$250 million in new equity was raised in connection with the Carlisle acquisition, used to fund the purchase and repay related party debt.
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