1823 Partners

What 1823 Partners does

1823 Partners (US) LLC is a Miami-headquartered, registered investment adviser founded in July 2025 by Anant Bhalla (CEO), Joachim Creus, and Frank Engelen. The firm specializes in private-market investment strategies purpose-built for insurance company balance sheets, with additional reach into pension funds and family offices. It launched with a multi-billion-dollar asset mandate from JAB Insurance US Holdings — its inaugural client — and is staffed by senior investment professionals drawn primarily from U.S. insurance balance sheets (American Equity, Allstate, Brighthouse) and major institutional asset managers (Cerberus, Deutsche, Lord Abbett, J.P. Morgan, GE Capital, Macquarie).

The firm's product platform spans four strategies: Opportunistic Private Credit & Asset-Backed Finance (equipment finance, infrastructure, supply-chain, specialty ABS); Commercial Real Estate (stabilized and transitional assets across multifamily, data centers, cold storage, and other mission-critical property types); Residential & Consumer Lending (structured credit and whole-loan investments across consumer, small business, residential, SFR, student, and specialty finance); and Private Equity & Partnerships (control, minority, GP stakes, and structured equity with permanent-capital structures). In April 2026, the firm added an integrated Insurance Solutions Platform — combining holistic balance-sheet analytics, liability-driven investment differentiation, and permanent-capital access via reinsurance — built on a strategic partnership with Agam Capital and LeadAii's multi-agent AI-driven ALM platform (LeadAii/pALM). Its flagship commercial real estate transaction to date is the April 2026 co-investment acquisition of San Francisco's Ghirardelli Square alongside Embrace Real Estate and Continuum Partners.

1823 Partners earns revenue primarily through asset management fees and investment advisory services charged to insurance companies and institutional clients under negotiated, non-public contracts tied to mandate size and complexity. Distribution is exclusively enterprise-direct — no retail or intermediary channels — and the firm is building to roughly 60 professionals across real estate, asset-backed finance, credit, ALM, and insurance solutions teams, operating from offices in Miami, New York, and London (opening later in 2026). There is no public technology platform beyond partnership integrations, and the firm holds no disclosed patents, certifications, or regulatory actions.

Name

1823 Partners

Legal name

1823 Partners (US) LLC

Website

https://1823.partners

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

11–50 employees

Short description

1823 Partners is a Miami-based, insurance-first alternative asset manager founded in 2025, serving insurance companies, pension firms, and family offices with private credit, asset-backed finance, commercial real estate, residential lending, and private equity strategies under a multi-billion-dollar anchor mandate from JAB Insurance.

Ownership category

akta.pro rank

Product category

Insurance-Focused Private Markets Asset Management

NAICS

Other Financial Investment Activities (5239)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Large-Cap / Sponsor Finance Direct Lending (FSANADAJ)

Keywords

• Private credit investing
• Asset-backed finance
• Insurance asset management
• Commercial real estate
• Liability-driven investing

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Asset Management Fees: The firm generates revenue through asset management fees charged to insurance companies and institutional investors for managing private market investments across real estate, asset-backed finance, credit, and insurance solutions.
2. Investment Advisory Services: 1823 Partners provides investment management and risk advisory services to insurance companies, generating fees for tailored investment strategies that match client risk and return profiles.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

1823 Partners is an independent asset management firm that structures and manages private market investment strategies for insurance companies and institutional investors. Its core platform spans four complementary strategies — Opportunistic Private Credit & Asset-Backed Finance, Commercial Real Estate, Residential & Consumer Lending, and Private Equity & Partnerships — with asset allocation anchored in liability-driven investing principles to match long-dated insurance obligations. The firm operates with a principal-investor mindset, multi-decade time horizon, and a multi-billion dollar inaugural asset mandate from JAB Insurance US Holdings.

Product overview

1823 Partners is an independent asset management firm offering a platform of four complementary private investment strategies: Opportunistic Private Credit & Asset-Backed Finance, Commercial Real Estate, Residential & Consumer Lending, and Private Equity & Partnerships. The firm targets insurance companies, pension firms, and family office investors with tailored investment strategies that match their risk and return profile. The platform is enhanced by a strategic partnership with Agam Capital that provides an end-to-end integrated insurance solutions offering powered by AI-driven asset-liability management technology.

Differentiator

Problem solved

Functional benefit

Products and services

• Opportunistic Private Credit & Asset-Backed Finance Invests across asset-backed and specialty credit opportunities designed to deliver durable yield with strong downside protection for insurance balance sheets. Emphasizes insurance-optimized structures, granular collateral, and active surveillance across equipment finance, infrastructure assets, supply-chain finance, and other niche asset-backed strategies.
• Commercial Real Estate Originates and structures commercial real estate investments across stabilized and transitional assets with emphasis on sectors demonstrating durable cash flows and structural demand. Strategies span senior and structured credit as well as select equity investments in multifamily, data centers, cold storage, and other mission-critical property types.
• Residential & Consumer Lending Provides capital to residential and consumer lending platforms through structured credit and whole-loan investments. Focuses on well-underwritten collateral, repeat origination partners, and disciplined risk management across consumer credit, small business loans, residential loans, single family rentals, student loans, and specialty finance segments.
• Private Equity & Partnerships

Quantifiable outcome

• Ghirardelli Square acquisition represents generational transfer of one of the most recognized mixed-use destinations in the country

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Partnerships

Four partnerships are on record, tiered flagship, core and supporting.

• Embrace Real EstateflagshipStrategic or Co-development Partner · 27 April 20261823 Partners co-invested with Embrace Real Estate to acquire Ghirardelli Square from Jamestown. Embrace Real Estate, in partnership with 1823 Partners and Continuum Partners, acquired the historic waterfront landmark. 1823 Partners provides capital and investment expertise while Embrace leads the business plan, leasing, and day-to-day operations of the property.
• Continuum PartnerscoreStrategic or Co-development Partner · 27 April 2026Continuum Partners serves as development partner in the Ghirardelli Square acquisition alongside 1823 Partners and Embrace Real Estate. Denver-based developer Continuum Partners will lead the business plan, leasing, and day-to-day operations of the property. Continuum is recognized for award-winning work including Denver Union Station and Belmar mixed-use district.
• Agam CapitalcoreStrategic or Co-development Partner · 23 April 2026Strategic partnership to provide life insurers with end-to-end value chain solutions combining holistic balance sheet analytics, liability-driven investment differentiation, and access to permanent capital through reinsurance. The partnership leverages Agam Capital's AI-driven ALM platform (pALM and LeadAii) and insurance structuring expertise with 1823 Partners' asset management capabilities. Initial strategic focus targets Asian market with emphasis on Japanese insurance sector.
• LeadAiisupportingTechnology or Integration · 23 April 2026LeadAii is the AI technology partner providing the multi-agent, AI-driven ALM platform (LeadAii) that powers the strategic partnership with Agam Capital. LeadAii's proprietary language model built on open-source foundations is customized for life and retirement applications, operating within a fully isolated agentic framework for security in regulated financial environments.

Scale indicators3 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• KKR: KKR's insurance asset management business, anchored by Global Atlantic, delivers investment solutions across credit, real estate, and private equity for insurance clients. The permanent-capital structure and insurance-balance-sheet focus parallel 1823 Partners' model.
• Ares Management: Ares is a leading alternative manager with deep insurance-sector relationships through its insurance solutions business, providing credit, real estate, and private equity to insurance companies globally. Its insurance credit focus directly mirrors 1823 Partners' opportunistic private credit strategy.
• Apollo Global Management: Apollo operates one of the largest insurance-focused asset management platforms through Athene Holding, providing credit, real estate, and private equity solutions tailored to insurance balance sheets. Directly comparable to 1823 Partners as both pursue insurance-first strategies with permanent capital models.
• HPS Investment Partners: HPS is a leading global credit investment manager with significant insurance-sector relationships. Its focus on private credit, asset-backed finance, and insurance balance sheet solutions directly overlaps with 1823 Partners' opportunistic private credit and asset-backed finance strategy.

Broad incumbents

• Blackstone: Blackstone Insurance Solutions and the broader Blackstone platform offer credit, real estate, and private equity to insurance clients. While substantially larger and more diversified, Blackstone serves a similar insurance client base with comparable investment strategies including private credit and CRE.
• Brookfield Asset Management: Brookfield operates one of the largest alternative investment platforms globally with a dedicated insurance solutions group, including Brookfield Reinsurance. Its insurance balance sheet solutions parallel 1823 Partners' insurance-first mandate, though across a much broader asset base.
• Carlyle Group: Carlyle operates a global investment platform with insurance asset management capabilities across credit, real estate, and private equity. While broader than 1823 Partners, Carlyle Insurance Solutions serves a similar institutional insurance client base.
• Bain Capital: Bain Capital operates a global alternatives platform with insurance asset management capabilities through its credit, real estate, and special situations strategies. Its institutional insurance relationships make it a comparable broader incumbent in 1823 Partners' target market.

Emerging players

• Sixth Street: Sixth Street is a global investment firm with significant insurance asset management focus through strategic partnerships with insurance carriers. Its flexible capital approach and focus on private credit and asset-backed finance directly mirror 1823 Partners' opportunistic private credit strategy.
• Centerbridge Partners: Centerbridge is an alternative investment manager with insurance-sector credit and asset-backed finance exposure. Its mid-sized, multi-strategy approach to insurance balance sheet solutions provides a relevant emerging-player comparable to 1823 Partners' growth-stage positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/1823partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles29 records

Funding overview

Funding rounds

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 1823 Partners