Abacus Global Management has completed its acquisition of a minority stake in Manning & Napier for $52.9 million. The deal, which was announced on 12 March 2026 and closed on 27 May 2026, forms part of a strategic alliance between the two firms. Dynasty Financial Partners served as financial adviser to Abacus, with Latham & Watkins providing legal counsel. Berkshire Global Advisors and Morgan, Lewis & Bockius advised Manning & Napier on the transaction. The acquisition required customary regulatory approvals before completion. The exact size of the minority stake was not disclosed.

Abacus Global Management has made a $53 million strategic investment in Manning & Napier, a 50-year-old asset management firm with $18 billion in assets and over 3,400 retail accounts. CEO Jay Jackson said the partnership strengthens Abacus's growth strategy by creating synergies between the companies. Manning & Napier will provide a direct pipeline into Abacus's life solutions division, which acquires and manages life insurance policies. In return, Abacus can refer clients seeking financial guidance to Manning & Napier, whilst Manning & Napier can offer its clients Abacus's alternative investment funds. Jackson emphasised the importance of partnering with a firm sharing similar values and client-first principles. The deal is additive to Abacus's existing business model rather than a pivot, and could serve as a template for future partnerships.