Athene completed the acquisition of a majority stake in Newfi from Warburg Pincus.

Athene, a retirement services company, completed the acquisition of a majority stake in Newfi, a technology driven multi-channel mortgage lender, from Warburg Pincus. The investment in Newfi will be managed by Apollo. Financial terms were not disclosed. "This move allows Newfi to combine its capital market expertise with Athene's balance sheet and deep knowledge in the mortgage space, accelerating Newfi's presence in single family lending," Steve Abreu, Newfi Founder and CEO.