What LSX Capital Management does

LSX Capital Management (LSXCM) is a private, boutique investment management firm headquartered in Pompano Beach, Florida, founded in 2022 by Aaron David Glasser (co-founder and COO) and Darren Biehler (co-founder and CMO), both previously part of the team that launched the nation's largest Life Settlement marketplace. The firm builds customized portfolios of life insurance policies for high-net-worth individual investors and institutions seeking diversification through the non-correlated Life Settlement asset class. Its service spans the full investment lifecycle, including sourcing, underwriting, acquisition, and ongoing administration of life settlement investments, with access to a broader deal universe than the open secondary market, including shorter life expectancy policies that are typically transacted inside the supply chain. Underlying technology is not proprietary software; the core capability is underwriting expertise, supply-chain relationships, and data familiarity inherited from the founders' prior marketplace operating experience.

The firm operates two product surfaces: the core LSXCM customized portfolio management offering and an optional Special Purpose Vehicle (SPV) structure designed to address specific investor regulatory or profile requirements. Revenue is generated through results-based portfolio management fees, with contracts structured as multi-year engagements and individual pricing negotiated with clients rather than publicly disclosed. The customer base is bifurcated: on the buy side, HNW individual investors (and implicitly institutional investors) seeking alternative, non-correlated assets; on the sell side, policy owners aged 65 and over holding policies in excess of $250,000 in face value that they no longer want, need, or can afford. Distribution is exclusively direct, consultative, and relationship-driven, with no intermediary channels, no partnerships, and minimal digital marketing presence beyond a Wix-hosted website (lsxcapital.io). Capital is sourced through periodic small funding rounds, with approximately $1.27M raised across four rounds between 2021 and 2023.

Name

LSX Capital Management

Legal name

LSX Capital Management

Website

https://lsxcapital.wpengine.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

LSX Capital Management is a Pompano Beach, Florida-based boutique investment firm that builds and manages customized Life Settlement portfolios for high-net-worth investors, with end-to-end underwriting, acquisition, and administration and an optional Special Purpose Vehicle structure.

Ownership category

akta.pro rank

Product category

Life Settlement Portfolio Management

NAICS

Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Other Financial Investment Activities (5239)

SIC

Investment Advice (6282), Life Insurance (6311)

akta.pro primary industry

Discretionary Portfolio Management (DPM) (FSAAABAC)

akta.pro secondary industry

Managed Platforms & Wrap Programs for Private Clients (Model Portfolios, UMA/SMAs) (FSAAABAM)

Keywords

• Life settlement investments
• Portfolio management services
• Alternative asset management
• Life insurance portfolios
• Non-correlated investments

Headquarters

HQ city

Pompano Beach

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Portfolio Management Fees: LSX Capital Management generates revenue through a results-based fee structure tied to portfolio performance. The company provides end-to-end portfolio management including underwriting, acquisition, and ongoing administration of Life Settlement investments. Fee structure aligns firm incentives with investor outcomes.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

LSX Capital Management (LSXCM) builds customized life settlement portfolios for investors seeking diversification through the non-correlated Life Settlement asset class. The firm matches client-specific investment guidelines with policy inventory and delivers end-to-end portfolio management covering underwriting, acquisition, and ongoing administration, supported by a results-based fee structure.

Product overview

LSX Capital Management (LSXCM) operates as a single unified offering focused on life settlement investment services. The core product is customized life settlement portfolio management, which combines underwriting, acquisition, and complete portfolio management services. The Special Purpose Vehicle (SPV) option provides a structured investment vehicle for investors seeking specific regulatory or investment profile requirements. The company matches client-specific guidelines with policy inventory and provides access to sourced policies including those with shorter life expectancies that are often purchased inside the supply chain.

Differentiator

Problem solved

Functional benefit

Products and services

• Life Settlement Portfolio Management Customized life settlement portfolios delivered to investors seeking diversification through a non-correlated asset class. The service covers end-to-end portfolio management, including policy underwriting, acquisition, and ongoing administration, with client-specific investment guidelines matched to available policy inventory.
• Special Purpose Vehicle (SPV) A specialized investment vehicle structure offered alongside LSX Capital Management's life settlement investment solutions, designed to meet specific investor requirements and regulatory considerations.

Quantifiable outcome

• Over 90% of all life insurance policies lapse without providing tangible financial value to original policy owners or beneficiaries
• +1 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Abacus Life: Abacus Life is a leading direct life settlement provider and one of the largest originators of life insurance policies as alternative assets. It is highly comparable to LSXCM as both acquire and manage life settlement portfolios for institutional and individual investors, though Abacus operates at significantly larger scale.
• Coventry First: Coventry First is a major life settlement provider that acquires policies directly from policy owners and serves institutional and individual investors. Highly comparable to LSXCM in core product (life settlement acquisition and portfolio management) and customer type (HNW and institutional).
• Magna Life Settlements: Magna Life Settlements is a life settlement fund manager that builds and manages diversified life settlement portfolios for institutional and accredited investors. Directly comparable to LSXCM's discretionary life settlement portfolio management offering.
• ASG (Asset Servicing Group): ASG Life Settlements is a specialty provider that purchases life insurance policies and structures portfolios for institutional investors. Comparable to LSXCM in asset class focus and institutional-oriented delivery model.
• Life Equity: Life Equity is a life settlement company that acquires policies and manages portfolios for individual and institutional investors. Directly comparable to LSXCM in underlying business activity (life settlement acquisition, underwriting, and ongoing administration).
• BroadRiver Asset Management: BroadRiver specializes in institutional life settlement fund management, structuring portfolios for pension funds and insurance companies. Comparable to LSXCM at the institutional end of the customer spectrum and as a competing portfolio manager in the same niche.

Emerging players

• Cimarron Capital Partners: Cimarron Capital Partners has been involved in life settlement and life insurance-linked investment vehicles. Comparable as an alternative asset manager focused on mortality-based products, though with a different structural focus.
• Stone Street Capital: Stone Street Capital is an alternative asset manager that has historically engaged in life settlement and structured life insurance investments. Comparable as a competing boutique-style manager pursuing similar non-correlated life-linked strategies.

Broad incumbents

• Wilton Re: Wilton Re is a large life insurance and reinsurance company that also participates in the secondary life insurance market. Comparable as a major acquirer of life insurance policies but operates as a broad incumbent across the life insurance value chain rather than a boutique portfolio manager.
• GWG Holdings: GWG Holdings was (until its 2022 Chapter 11 filing) one of the largest purchasers of life insurance policies in the secondary market, serving both individual and institutional investors. Relevant historical peer that illustrates the scale LSXCM could pursue and the mortality/credit risk profile of the asset class.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/lsx-capital-management

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds4 records

Investors

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

M&A

Investments

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

Frequently asked questions about LSX Capital Management