Domain Capital Advisors Serves as Lead Lender to Blackstone Purchase of Allstate Life Insurance Company and Subsidiaries
Firm to provide debt on $2.8 billion acquisition of Allstate Life Insurance Company
(Atlanta – December 2, 2021) – Domain Capital Group, LLC, a comprehensive private investment management services firm, today announced its subsidiary, Domain Capital Advisors, served as the lead lender to Blackstone managed entities in its recent $2.8 billion purchase of Allstate Life Insurance Company (ALIC) and certain subsidiaries, collectively renamed Everlake Life Insurance Company.
“We believe completing this deal is a significant milestone for our credit business,” said Patrick R. Leardo, executive managing director and chief executive officer of Domain Capital Group. “It propels our credit practice past $2.5 billion in total originations of credit-related investments since Domain’s inception and demonstrates our ability to provide scalable credit solutions to meet clients’ needs.”
As part of a multi-lender syndicate, Domain provided debt, on behalf of its clients, to Blackstone for the acquisition, adding to its portfolio of private credit investments in the insurance market. The company will also service the full loan amount for the lender syndicate.
“We are seeing increased demand for credit investments across all industries,” said Kate Floyd, vice president, investments of Domain Capital Group. “We believe our team provides thorough underwriting processes to help reduce risk and constant monitoring of collateral and performance.”
Domain offers private credit across various asset classes including lending to operating companies, asset-backed portfolios, and real estate while focusing on pricing methodologies and structural creativity. It specializes in asset-backed structures that preserve capital through detailed underwriting and flexible investment structuring to maintain capital preservation, among other objectives. The firm also assesses credit risk to help ensure returns are appropriate and clients’ capital is protected.
About Domain Capital Group:
Atlanta-based Domain Capital Group, LLC provides comprehensive private investment management services, through its registered investment advisor subsidiaries, to institutions, public and private pensions, corporations, foundations, endowments and high-net-worth individuals. Domain Capital Group’s investment professionals are experienced across a diverse range of asset classes and investment strategies, including real estate, natural resources, media, entertainment, technology and credit and other financial services. As of June 30, 2021, Domain managed approximately $6.1 billion in total assets through its two registered subsidiaries, Domain Capital Advisors, LLC and Domain Timber Advisors, LLC. The assets are comprised of approximately $5.34 billion in real estate, debt, alternative and other assets constituting Regulatory Assets Under Management (“RAUM”) and another $742 million in non-RAUM real properties. Please refer to each registered investment advisor’s most recent Form ADV for additional details. For further information about Domain Capital Group, visit domaincapitalgroup.com.
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