SALI Fund Management, the leading turn‐key solution for the creation and administration of Insurance Dedicated Funds (IDFs), announced today that it has received a growth capital investment from affiliates of Long Ridge Equity Partners LLC. Proceeds from the financing will be used to further invest in growth initiatives and to provide partial liquidity to retired shareholders and will allow active shareholders to continue to invest in the business.
The day‐to‐day operations and decision making of SALI will remain unchanged with the firm’s Managing Principal, Thomas A. Nieman, continuing to lead the organization.
Founded in 2002, SALI administers IDFs for a broad range of alternative asset managers, including many of the world’s largest hedge funds, credit funds, and private equity funds. SALI administers over 100 IDFs and has partnered with 28 leading insurance companies to facilitate alternative investments via Private Placement Life Insurance (PPLI) policies and Private Placement Variable Annuities(PPVA). SALI provides a streamlined and cost‐effective turnkey IDF platform, offering development, administration, and marketing support services for both single manager and multi‐manager investment management firms.
Tom Nieman, SALI’s Managing Principal, stated, “Over the last 15 years, SALI has established itself as the leading fund administration platform in the IDF space. We are excited to partner with the Long Ridge team as we begin our next phase of growth and expansion.”
“SALI is a trusted partner to the world’s leading alternative managers,” said Kevin Bhatt, a Partner at Long Ridge. “We are excited to partner with the SALI management team as they continue to expand the global market for Insurance Dedicated Funds in the growing high net worth and institutional segments.”
Eric Naison‐Phillips, a Principal at SALI, commented, “Our partnership with Long Ridge will allow SALI to continue its pace of investment in our infrastructure and people, so we can continue to provide world‐class product and service offerings to our clients. We are pleased Long Ridge has a shared vision alongside the SALI management team, and we look forward to a fruitful partnership.”