Abacus Global Management Agrees To Acquire ~$53M Minority Equity Stake In Manning & Napier; Terms Undisclosed

~ Will Accelerate Abacus Wealth Advisors Platform, Unlock New Distribution Channels, and Support Joint Product Development ~

~ Will Gain Strategic Partnership with Manning & Napier's Wealth and Investment Management Platform Totaling

$18 Billion in AUM~

~ Investment Supported by Fee-Related Earnings ~

ORLANDO, Fla., March 12, 2026 (GLOBE NEWSWIRE) -- Abacus Global Management, Inc. ("Abacus" or the "Company") (NYSE:ABX), a leader in the alternative asset management industry, today announced that it has entered into a definitive agreement to acquire an approximately $53 million minority equity stake in Manning & Napier, Inc. ("Manning & Napier"), a diversified wealth and asset management firm with approximately $18 billion in total assets under management (the "equity investment").

In connection with the equity investment, the parties have agreed to enter into a Strategic Alliance Agreement (the "SAA") designed to create mutual growth across three core dimensions: product distribution, lead generation and referrals, and joint product development. The SAA is the primary value driver of the proposed transaction, which is expected to create a framework for strategic collaboration between the two platforms while preserving Manning & Napier's independent operations.