Preston Capital
Preston Capital is a private institutional asset manager managing $3.4 billion in life settlement and longevity-contingent investments for pension funds, family offices, endowments, and sovereign wealth funds, using its proprietary LifeEdge analytics engine and dedicated medical underwriting team.
- Company typePrivate
- Founded2014
- HeadquartersAliso Viejo, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Preston Capital does
Preston Capital is a privately held institutional asset manager specializing exclusively in life settlements and other longevity-contingent investments. Founded in 2014 by Jon Nelson and Jonathan Hogan, both active in life settlements since 2004, the firm is headquartered in Aliso Viejo, California with a second office in Austin, Texas. As of September 30, 2025, Preston Capital managed $3.4 billion in equity capital on behalf of institutional limited partners including pension funds, family offices, endowments, and sovereign wealth funds.
The firm's core product is active life settlement investing, sourced through proprietary origination channels and priced using the LifeEdge analytics engine, which applies machine learning to more than 20 years of proprietary longitudinal mortality and policy data. Preston Capital has executed the first ever and largest life settlement-backed securitization, sourced $4.5 billion in debt financing, acquired $3.3 billion in face value, and realized $3.3 billion in proceeds. The firm supports 50+ professionals, including 10 data scientists, 7 software engineers, and 4 medical underwriters, totaling 375+ years of aggregate life settlement experience.
Preston Capital generates revenue through a standard alternative asset manager fee structure: management fees on assets under management combined with performance or carried interest on investment outcomes. Its go-to-market is institutional, anchored by dedicated capital formation leadership, and increasingly supported by commingled fund vehicles that lower the friction for new limited partners to enter the strategy.
Preston Capital firmographics
Firmographics- Name
- Preston Capital
- Legal name
- Preston Capital LLC
- Website
- https://prestoncap.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Preston Capital is a private institutional asset manager managing $3.4 billion in life settlement and longevity-contingent investments for pension funds, family offices, endowments, and sovereign wealth funds, using its proprietary LifeEdge analytics engine and dedicated medical underwriting team.
- Ownership category
- akta.pro rank
Preston Capital industry classification
Industry- Product category
- Alternative Asset Management (Life Settlements)
- NAICS
- Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)
- SIC
- Investment Advice (6282), Asset-Backed Securities (6189)
- akta.pro primary industry
- Real Assets — Fund-of-Funds & Secondaries (FSAAAKAK)
- akta.pro secondary industry
- Specialty Real Assets / Niche Strategies (Marinas, Student Housing, Self-Storage, Life Science RE) (FSANAEAO)
Keywords
Where Preston Capital is headquartered
LocationHeadquarters
- HQ city
- Aliso Viejo
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Preston Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Supply Chain
Revenue model
- Asset Management Fees: Management fees charged on assets under management (AUM) of $3.4 billion in equity capital as an institutional asset manager specializing in life settlements.
- Performance/Incentive Fees: Carried interest or performance fees on investment returns generated for institutional investors, typical structure for alternative asset managers.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels6 records
Preston Capital product offering
Product offeringCore offering
Preston Capital sources, acquires, and manages diversified pools of life settlements and other longevity-contingent assets on behalf of sophisticated institutional investors. The firm applies proprietary analytics (the LifeEdge engine) and deep medical underwriting expertise to identify, price, and manage life insurance policies, delivering non-correlated, risk-adjusted returns through commingled investment vehicles and bespoke mandates.
Product overview
Preston Capital operates as a single unified investment management platform for life settlements and longevity-contingent assets. The firm's core offering centers on its proprietary LifeEdge analytics engine, which powers the acquisition and management of diversified life settlement portfolios for institutional investors seeking non-correlated returns.
Differentiator
Problem solved
Functional benefit
Brands
- LifeEdge: Proprietary life settlements analytics engine containing over 20 years of aggregated life settlement medical records, insurance policies, and life expectancy reports, providing a differentiated perspective on longevity and morbidity.
Products and services
- LifeEdge Analytics Engine Proprietary analytics engine that processes 20+ years of medical records, insurance policies, and life expectancy reports to deliver predictive insights on longevity and morbidity, used internally by Preston Capital's deal team for sourcing, pricing, and managing life settlement investments.
- Life Settlement Investment Management Sourcing, acquisition, and management of diversified pools of life settlements and longevity-contingent assets on behalf of sophisticated institutional investors, delivering non-correlated, risk-adjusted returns through commingled funds and bespoke vehicles.
Quantifiable outcome
- $3.3 billion in realized proceeds from life settlement investments
- +3 more outcomes
Companies that use Preston Capital
Customer profileSegments3 records
Ideal customer profiles3 records
Preston Capital technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature4 records
Preston Capital partnerships and signals
Strategic signalScale indicators9 records
Recent moves6 records
Expansion highlights5 records
Preston Capital competitors and assessment
Company assessmentDirect peers
- ASHI Group: ASHI Group is a life settlement provider operating in secondary and tertiary markets. It competes with Preston as a buyer and servicer of life insurance policies for institutional and individual investors.
- NorthStar Life Services: NorthStar Life Services is a life settlement services firm co-founded by Preston CIO Jon Nelson. It operates in the same life settlement market as Preston, providing origination, servicing, and related services.
- Abacus Life: Abacus Life (formerly Abacus Settlements) is a leading life settlement provider that went public in 2024. It directly competes with Preston as both a buyer and asset manager of life settlement policies, serving institutional and retail investors.
- GWG Holdings: GWG Holdings was a major life settlement owner and manager that acquired policies directly and through Beneficient (post-restructuring). It competed with Preston in institutional life settlement portfolio management before winding down.
- Coventry First: Coventry First is one of the largest life settlement brokers and providers in the US. It competes with Preston in sourcing and acquiring life settlement policies across the secondary and tertiary markets.
- Capital Asset Management Group: Capital Asset Management Group is a specialist in life settlements and longevity-contingent investments. It directly competes with Preston in acquiring and managing life settlement portfolios for institutional clients.
- Pacifica Group: Pacifica Group is a life settlement services company where both Preston founders previously held leadership roles. It operates in the secondary and tertiary life settlement markets, directly overlapping with Preston's activities.
- Vida Capital (Obra Capital): Vida Capital was a major life settlements institutional asset manager that merged into Obra Capital, managing pooled investor capital in life settlement portfolios. It directly competed with Preston Capital for institutional allocations and policy acquisitions.
- Longevity Holdings: Longevity Holdings was a life settlement-focused platform that sourced, acquired, and managed portfolios of life insurance policies. It directly competed with Preston in the life settlement institutional asset management market.
- MLF Financial Group: MLF Financial Group (parent of Maple Life Financial, LexServ, and Maple Life Analytics) was a life settlement conglomerate providing origination, analytics, and premium finance services. It directly competes with Preston across the life settlement value chain.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Preston Capital social profiles
Digital presencePreston Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Preston Capital leadership team
Management profileNumber of profiles
Profiles14 records
Preston Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Preston Capital M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Preston Capital
What does Preston Capital do?
Preston Capital sources, acquires, and manages diversified pools of life settlements and other longevity-contingent assets on behalf of sophisticated institutional investors. The firm applies proprietary analytics (the LifeEdge engine) and deep medical underwriting expertise to identify, price, and manage life insurance policies, delivering non-correlated, risk-adjusted returns through commingled investment vehicles and bespoke mandates.
Is Preston Capital a public or private company?
Preston Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Preston Capital founded?
Preston Capital was founded in 2014. It employs 1 to 10 people.
Where is Preston Capital based?
Preston Capital is headquartered in Aliso Viejo, United States, in the North America region.
How does Preston Capital make money?
Two revenue lines are on record. Asset Management Fees are the primary driver. The others are performance/Incentive Fees.
Who are Preston Capital's main competitors?
Direct peers on record are ASHI Group, NorthStar Life Services, Abacus Life, GWG Holdings, Coventry First, Capital Asset Management Group, Pacifica Group, Vida Capital (Obra Capital), Longevity Holdings and MLF Financial Group.
Does Preston Capital have an API?
No public API is recorded for Preston Capital.
What industry is Preston Capital in?
Preston Capital's product category is Alternative Asset Management (Life Settlements). Its primary akta.pro industry code is FSAAAKAK, Real Assets — Fund-of-Funds & Secondaries, with a secondary code of FSANAEAO, Specialty Real Assets / Niche Strategies (Marinas, Student Housing, Self-Storage, Life Science RE). Its NAICS code is 523940 and its SIC code is 6282.