We are excited to share that?JAB Holding Company, Elliott Investment Management and Prosperity Life Group have entered into a definitive agreement whereby JAB will acquire 100% of Prosperity, which is comprised of?Prosperity Asset Management?and Prosperity Life Group Insurance Companies. ? Read the full announcement here:?https://lnkd.in/ga_7w4T9 ? #Insurance #Transaction #Partnership
关于我们
Prosperity Asset Management (PAM) is an alternative asset manager specializing in credit and niche asset opportunities and origination platforms. We focus on acquiring cash flow-generating assets that offer superior risk-adjusted returns both directly and in partnership with complementary asset management platforms that originate differentiated, difficult-to-source assets. PAM is an affiliate of Prosperity Group Holdings, an insurance, reinsurance, and asset management franchise focused on the U.S. retirement and life markets. We currently provide investment management services to insurance companies.
- 网站
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https://prosperityasset.com
Prosperity Asset Management的外部链接
- 所属行业
- 金融服务
- 规模
- 11-50 人
- 总部
- New York，New York
- 类型
- 私人持股
- 创立
- 2022
地点
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主要
获取路线
1 Penn Plaza
US，New York，New York，10119
Prosperity Asset Management员工
动态
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Prosperity Asset Management转发了
2024 marked a year of significant growth and achievement for?Prosperity Asset Management. We deepened our bench of talent, grew our AUM, forged new partnerships and deployed a significant amount of capital, including in private originations. We look forward to building on our successes and continuing to strategically scale our platform in 2025! ? Check out more below. ? #Insurance #Credit #BusinessDevelopment #AssetManagement
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2024 marked a year of significant growth and achievement for?Prosperity Asset Management. We deepened our bench of talent, grew our AUM, forged new partnerships and deployed a significant amount of capital, including in private originations. We look forward to building on our successes and continuing to strategically scale our platform in 2025! ? Check out more below. ? #Insurance #Credit #BusinessDevelopment #AssetManagement
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Prosperity Asset Management?is proud to have sponsored?Clear Path Analysis’s North America Insurance Investor event, which brought together insurance investment, capital management, finance, and risk leaders from across the country for a day of insightful discussion on the trends and strategies shaping the industry.? ? Our Head of Business Development,?Matthew Petre, and Insurance Solutions Associate PM,?Anders Emil Kolding,?attended last month's event. We invite you to check out Matt's top takeaways from the event below! ? #Insurance #Credit #AssetManagement ? The views expressed by Matthew Petre do not necessarily represent the views or investment outlook of Prosperity Asset Management.? ?
7 Key Takeaways from the 2024 Clear Path Analysis Insurance Investor Live Event ? Last month, I had the opportunity to attend the Clear Path Insurance Investor Live Event with my colleague Anders Emil Kolding. ? More than 50 insurance investment leaders--including CIOs, PMs, CFOs, and other experts--gathered to discuss pressing trends and strategies in the insurance investment landscape. ? Here are my top takeaways: ? 1/ Building an Insurance General Account Portfolio: ? It all starts with the liabilities. From there: ? IG public corporates —> other public assets —> traditional non-public assets —> complex and illiquid assets. ? Most insurers begin with IG corporates as the foundation and build out from there. While this is the standard approach, it’s evolving. ? 2/ Qualitative vs. Quantitative Portfolio Diversification: ? Effective portfolio optimization involves combining quantitative metrics with qualitative insights. ? A memorable quote from the event: ? “Correlation matrices work well if you live your life 10,000 times… but you only live once.” ? 3/ Long-Duration Assets: ? Diversification opportunities diminish as you extend further along the maturity curve. ? 4/ Residential Whole Loans: ? -No structured layers like agency or non-agency RMBS. -Greater control over loan purchases, avoiding public market constraints. -Ability to customize around investor-owned vs. primary residences to help manage convexity risk. -FHLB pledging potential. ? 5/ Life & Annuity vs. P&C Asset Allocation: ? L&A: Driven by ALM, cost of funds, duration management, and reinvestment risk. Long, predictable liabilities allow for illiquid asset classes. ? P&C: Focused on underwriting risk, tax efficiency, and accounting volatility, which shape allocation decisions and risk tolerance. ? 6/ Return Levers in Today’s Market: ? Insurers are cautious about going down in credit quality, as spreads are tight. ? Instead, many are finding better value by tapping into illiquidity or complexity premiums—without sacrificing quality. ? 7/ Timing New Investments: ? A particular investment strategy might be a great fit for an insurer’s portfolio but the wrong time due to company-specific factors such as: ? -Stage / maturity of the insurer. -Leadership and/or ownership changes. -Unique product / underwriting circumstances. ? Final Thoughts: ? The event underscored the nuanced decision-making required in insurance general account investing--balancing risk, returns, accounting, capital, regs, ratings, and evolving market dynamics. ? For those who couldn’t attend, I hope these insights offer a useful glimpse into the conversations and topics covered at the event. (Opinions expressed herein are my own.)
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As 2024 comes to an end, Prosperity Asset Management would like to express our sincere appreciation to our clients, business partners, colleagues, and friends. Thank you for being part of this incredible year! From all of us at PAM, we wish you a happy holiday season and all the best for the year ahead!?
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Last week, we had the pleasure of hosting students from?Manhattan International High School?as part of the?Rock The Street, Wall Street Wall Street Experience Field Trip program. ? Rock The Street, Wall Street empowers young women from diverse backgrounds by teaching financial literacy and providing access to female mentors in the financial industry. ? In support of their incredible work,?Prosperity Asset Management?led classroom workshops and hosted a panel where we discussed the importance of networking and mentorship and explored different career paths within asset management. ? Shout out to our inspiring panel presenters! See more below. ? #FinancialLiteracy #WomenInFinance #MentorshipMatters #AssetManagement
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We are thrilled to share that Evergreen Residential, an institutional real estate investment and operating platform and strategic partner of a Prosperity Asset Management affiliate, has raised $1 billion in capital commitments from a diverse array of investors.? As Evergreen’s seed investor in 2021 – and having actively worked with the management team to grow the business since then – we are excited to continue helping the firm scale its equity, lending and property management strategies, alongside Kuvare Holdings. ? “At PAM, we develop longstanding strategic partnerships with platforms when we have a high degree of confidence in their management teams and believe we can help grow their businesses. We look forward to working closely with Joseph Negri and the entire Evergreen team to continue to provide our insurance company clients with exposure to this asset class.” – Deva Mishra, CEO, Prosperity Asset Management ? Read the news here: https://lnkd.in/gthfFK9C ? #Residential #Insurance #StrategicPartnership #RealEstate
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Excited to have our Chief Operating Officer, Leah Mannarino, participate in J.P. Morgan’s inaugural Women in Insurance event, which will bring together women involved in investments and related operational functions in the insurance industry! As Prosperity Asset Management continues to scale our business, we look forward to continuing to broaden our network. ? #Insurance #Credit #AssetManagement
I am pleased to represent Prosperity Asset Management at J.P. Morgan’s inaugural Women in Insurance event next Tuesday, November 19th in New York City. I look forward to an evening of interesting discussion and networking among women in the insurance industry. ? #Insurance #Credit #AssetManagement #Networking
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We are excited to welcome?Matthew Petre, Head of Business Development?and?Cassandra Becker, Chief Compliance Officer and Senior Counsel to?Prosperity Asset Management! ? These additions to our team reflect the ongoing expansion and growth trajectory of the PAM platform and follow our strategic decision to scale our third-party insurance AUM and capital markets activities. We look forward to Matt and Cassie’s collective contributions to our business and our clients. ? Learn more here: https://lnkd.in/eTFHvKJh ? #Hire #Insurance #Credit #CapitalMarkets
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We are pleased to welcome?Chase Tarantino,?David Weaver?and?Jeff Dick to?Prosperity Asset Management?as we continue to build out our real estate debt team with high-quality talent. ? These additions to our team follow CRE portfolio manager?Jason Kelley?joining Prosperity in July and demonstrate our growing activity in core, core-plus and value-add commercial mortgages. We look forward to their collective contributions! ? Read more in?Green Street's Commercial Mortgage Alert?below. ?? #Team #Hire #CRE #Insurance
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