The transaction includes a 10-year, non-exclusive investment management relationship under which Bain Capital will manage assets across private credit, structured products, mortgage loans, and private equity. The partnership provides Lincoln with direct access to Bain's institutional-grade private market strategies, positioning it to enhance returns while maintaining a diversified, multi-manager platform. Lincoln Financial, which serves 17 million customers and manages $321bn in end-of-period account balances, will use the capital to accelerate its growth strategy. Proceeds will support the expansion of spread-based earnings, strengthen asset sourcing capabilities, and optimise Lincoln's legacy life insurance portfolio. The transaction also helps advance the firm's goal of reducing its leverage ratio toward its 25% target. 'This partnership aligns us with a highly reputable organisation whose powerful platform and shared values will enable us to accelerate the execution of our...
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