RedBird and Reverence completed the acquisition of Vida Capital.

RedBird Capital Partners and Reverence Capital Partners, two private equity firms, completed the acquisition of Vida Capital, a vertically integrated asset management company providing longevity contingent investment solutions to investors. Financial terms were not disclosed. Jeff Serra, Vida President, and CEO, along with members of the management team, invested alongside RedBird and Reverence in the transaction. The proposed transaction obtained the necessary regulatory approvals and received overwhelming support from the investors in Vida’s various funds. “We are excited to be backing a leader in the life settlement space. We believe the platform is well suited to capitalize on the growth of the industry given the team’s underwriting expertise and compelling track record. We look forward to growing the company together with RedBird and the Vida management team and building a successful partnership that benefits all parties.” Milton Berlinski, Reverence Managing Partner.