Aquarian Holdings

Name

Aquarian Holdings

Legal name

Aquarian Holdings Investment Management LLC

Website

https://aquarianlp.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Diversified Insurance and Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259)

SIC

Life Insurance (6311), Investment Advice (6282), Asset-Backed Securities (6189)

akta.pro primary industry

Insurance-Integrated Wealth Managers (RIA + Insurance Solutions) (FSAAACAI)

akta.pro secondary industries

Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG), Managed Accounts & Unified Managed Accounts (UMAs) — Multi-Asset (FSAAAJAE)

Keywords

• Life insurance annuities
• Asset management services
• Reinsurance solutions
• Private credit investments
• Commercial real estate financing

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Insurance Premium Revenue: Aquarian Insurance Holdings generates revenue through insurance premiums from life insurance and annuity products. Companies include Investors Heritage (life insurance, annuities, pre-need policies), Hudson Life and Annuity Company (insurance policies for New York State), and Brighthouse Financial (annuities and life insurance).
2. Reinsurance Premiums: Somerset Reinsurance generates revenue through reinsurance premiums for asset-intensive reinsurance solutions covering life insurance and annuity business. Revenue comes from new business support, legacy block management, and capital-driven reinsurance solutions.
3. Asset Management Fees: Aquarian Investments generates management fees and performance fees across its investment platforms including Strategic Opportunities, Liquid Credit (CLO management), Private Credit, and Real Estate Partners. Fees are earned from managing assets across the capital structure for institutional clients and insurance portfolio companies.
4. Investment Returns on Float: Insurance operations benefit from investment income generated from float (premiums collected that are invested until claims are paid). Somerset Re executes significant reinsurance trades (e.g., $12bn with Prudential) generating investment returns.
5. Third-Party Administration Services: Via Management Solutions provides third-party administration services to affiliated and unaffiliated insurance carriers, including product design, operational support, and technology solutions, generating fee revenue.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Aquarian Holdings is a diversified holding company that acquires and operates life insurance and annuity companies while also managing investment strategies including CLOs, private credit, real estate, and multi-strategy opportunities. The firm sells reinsurance solutions to life and annuity insurers globally and distributes insurance products to individuals through owned carriers and independent distribution networks.

Product overview

Aquarian Holdings is a diversified global holding company with a strategic portfolio of insurance and asset management solutions. The company operates through two primary platforms: Aquarian Insurance Holdings (which includes Investors Heritage life insurance and annuity company, Hudson Life and Annuity Company, Somerset Reinsurance reinsurer, and Via Management Solutions third-party administrator) and Aquarian Investments (which encompasses Aquarian Liquid Credit managing CLOs and liquid credit strategies, Aquarian Private Credit providing direct lending to middle-market companies, Aquarian Strategic Opportunities investing across industries and capital structures, and Aquarian Real Estate Partners focusing on commercial real estate investments). The company manages approximately $27.1 billion in assets under management as of March 31, 2026.

Differentiator

Problem solved

Functional benefit

Brands

• Gallatin CLOs: Collateralized loan obligation vehicles managed by Aquarian Credit Partners, including Gallatin CLO VIII, X, and XI
• Investors Heritage
• Via Management Solutions
• Somerset Re

Products and services

• Investors Heritage Life Insurance Company Life insurance, annuity, and pre-need insurance company founded in 1960 and headquartered in Frankfort, Kentucky, licensed in nearly every U.S. state, helping individuals plan for retirement and preserve legacies.
• Hudson Life and Annuity Company Insurance company rebranded in 2022 to provide insurance policies for New York State residents, operating within the Aquarian Insurance Holdings platform.
• Somerset Reinsurance Ltd. Bermuda-domiciled reinsurer providing capital-efficient, asset-intensive reinsurance solutions to life and annuity insurers globally, including new business support, legacy block management, and capital-driven solutions.
• Via Management Solutions Modern end-to-end digital third-party administration platform offering product design, operational support, and technology solutions for insurance companies nationwide, built by insurance professionals with decades of operational experience.
• Aquarian Liquid Credit Investment manager specializing in liquid credit strategies including CLOs (Collateralized Loan Obligations), managing strategies across high yield bonds, bank loans, and CLO tranches using bottom-up fundamental credit analysis combined with technology for portfolio risk identification, transparency, and investment performance enhancement.
• Aquarian Private Credit Private corporate credit manager providing direct lending solutions to middle-market companies, acting as principal rather than agent, investing as sole, lead, or club lender across senior and junior capital opportunities targeting both sponsored and non-sponsored borrowers in the private middle market.
• Aquarian Strategic Opportunities Go-anywhere investment strategy that invests across industries and throughout the capital stack, including real assets, clean energy financing, private equity, specialty lending, GP stakes, media and entertainment royalties, and asset-backed financing platforms.
• Aquarian Real Estate Partners Real estate investment arm providing equity and debt financing to sponsors for construction, acquisition, and refinancing of commercial real estate, seeking to deliver attractive risk-adjusted returns through integrated senior construction and C-PACE financing solutions.

Quantifiable outcome

• AUM growth from $0.4 billion (2018) to $27.1 billion (March 2026)
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Brighthouse FinancialcoreStrategic or Co-development Partner · 6 November 2025Aquarian Capital LLC announced signing of definitive merger agreement to acquire Brighthouse Financial for $70.00 per share in an all-cash transaction valued at approximately $4.1 billion. Brighthouse Financial is one of the largest providers of annuities and life insurance in the United States. Following closing, Brighthouse Financial will operate as a standalone entity within Aquarian Capital portfolio.
• Raven Capital Management (Raven Music Partners)coreStrategic or Co-development Partner · 1 January 2025Aquarian entered joint venture with Raven Capital to create Raven Music Partners, a music royalties-focused fund. Aquarian has a strategic investment with Raven Music which is initially composed of approximately 15,000 songs across 32 catalogs including Meghan Trainor, Kenny Chesney, and Keith Urban.
• PACE EquitycoreStrategic or Co-development Partner · 1 January 2024Aquarian acquired majority stake in PACE Equity, the largest independent provider of funding for commercial property-assessed clean energy (C-PACE) projects. The partnership allows Aquarian to significantly scale its capacity in the growing green-building sector. Aquarian Real Estate Partners partnered with PACE Equity for integrated senior construction and C-PACE financing solutions.
• LCN Capital PartnersminorStrategic or Co-development Partner · 1 January 2024Aquarian has a strategic partnership with LCN Capital Partners, a real estate focused asset manager specializing in primary market sale-leaseback transactions across North America and Europe for real estate investments in the U.S.
• Bonaccord Capital PartnersminorStrategic or Co-development Partner · 1 January 2024Aquarian has a strategic partnership with Bonaccord Capital Partners, a private equity firm focused on acquiring non-control equity interests in mid-market sponsors across private equity, private credit, and real estate.
• FocusPoint Private Capital GroupminorChannel Partner/ Reseller/ Distributor · 1 January 2024Aquarian has a strategic investment and partnership with FocusPoint Private Capital Group, a broker-dealer and private placement agent, to expand access to Aquarian's investment products.

Scale indicators8 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Apollo Global Management: Apollo operates the same playbook Aquarian is building — a global alternative asset manager that owns and operates insurance platforms (Athene) and deploys capital across credit, CLOs, and strategic opportunities; the most direct strategic comparable given the insurance-asset management flywheel.
• KKR & Co. KKR runs a parallel insurance-and-asset management platform (Global Atlantic) alongside credit, private credit, real estate, and strategic opportunities strategies — directly comparable to Aquarian's two-platform structure and post-Brighthouse ambitions.
• Brookfield Asset Management: Brookfield pairs a large alternative asset management franchise (credit, real estate, infrastructure) with insurance capital through Brookfield Reinsurance, mirroring Aquarian's combination of Somerset Re asset-intensive reinsurance with multi-strategy investment platforms.
• Brighthouse Financial: Brighthouse Financial is one of the largest U.S. annuity and life insurance providers and is the subject of Aquarian's pending $4.1B acquisition — a direct peer in life and annuity products, distribution, and balance sheet management.
• Athora Group: Athora is a European insurance consolidation platform that acquires and operates life insurance blocks and provides reinsurance solutions (Athora Life Re), structurally similar to Somerset Re and the broader Aquarian Insurance Holdings platform.
• Ares Management: Ares is a leading alternative credit manager with significant CLO, direct lending, and insurance-balance-sheet investment operations — directly comparable to Aquarian Liquid Credit, Aquarian Private Credit, and the asset management of insurance portfolios at Investors Heritage and Somerset Re.

Broad incumbents

• Blackstone: Blackstone operates the largest alternative asset management platform globally with growing insurance solutions (insurance-focused funds reinsuring liabilities of life insurers), making it a broad incumbent comparable to Aquarian's Somerset Re and credit franchises.
• Reinsurance Group of America (RGA): RGA is a global life and health reinsurer that provides asset-intensive reinsurance solutions similar to Somerset Re's core offering — a meaningful incumbent comparable in product set, cedant relationships, and capital strategy.

Emerging players

• Sixth Street Partners: Sixth Street has built a multi-strategy alternative platform including insurance partnerships (Talcott Resolution), making it an emerging comparable in the insurance-asset management model Aquarian is scaling.

Others

• Hannover Re: Hannover Re is a major global reinsurer that participated as a strategic investor in Aquarian's Somerset Re acquisition and shares talent lineage (Somerset Re's Chief Underwriting Officer came from Hannover Re); a capital partner and comparable reinsurance counterparty rather than a direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/11337695

Revenue estimate

Valuation estimate

Number of profiles

Profiles25 records

Subsidiaries9 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A6 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aquarian Holdings