Eldridge Industries has announced the launch of Eldridge, a new asset management and insurance holding company that will manage approximately $74 billion in assets. Eldridge will be fully owned by Eldridge Industries and will operate through two main divisions: Eldridge Capital Management and Eldridge Wealth Solutions.

Eldridge Capital Management will focus on four key investment strategies: corporate credit, GP solutions, real estate credit, and sports, media, and entertainment. Meanwhile, Eldridge Wealth Solutions will serve as an insurance and retirement solutions platform, incorporating Eldridge’s wholly owned insurance companies, Security Benefit and Everly Life.

The management of Eldridge will be overseen by a newly established Executive Committee, chaired by Todd Boehly, who is also the Chairman and CEO of Eldridge Industries. Boehly will provide strategic oversight for both divisions, ensuring alignment with the company’s goals.

Tony Minella, co-founder and President of Eldridge Industries, will take the helm of Eldridge Capital Management as CEO. He will be supported by Co-Presidents Todd Gilbert and Nicholas Sandler. Eldridge Wealth Solutions will be led by Doug Wolff as CEO and Joseph Wittrock as CIO.

Several existing businesses within Eldridge Industries will be integrated into Eldridge Capital Management and rebranded. This includes Maranon Capital and various teams from Security Benefit, Stonebriar Commercial Finance, Cain International, and Panagram Structured Asset Management.

Eldridge Corporate Credit will be co-led by Jeffrey Forlizzi and Nicholas Sandler, focusing on a diverse range of credit investments while emphasizing thorough risk assessment and fundamental research. Eldridge GP Solutions, led by David Lee, will target middle-market GP-led deals and provide capital solutions to general partners.

John Cole will lead Eldridge Real Estate Credit, which will adopt a disciplined investment approach in real estate opportunities across major markets in the U.S., U.K., and Europe. Jeff Wilbur will head Eldridge Sports, Media, and Entertainment, focusing on investments in companies that own valuable intellectual property in these sectors.

The establishment of Eldridge is expected to close in January 2025. Todd Boehly expressed confidence in the new venture, stating that it will leverage extensive experience and innovative strategies to capitalize on attractive investment opportunities. He emphasized the firm’s commitment to delivering high-quality service and generating compelling investment prospects.

In summary, Eldridge represents a significant expansion for Eldridge Industries, combining asset management and insurance under one umbrella, with a strong leadership team and a clear focus on diverse investment strategies.