Hildene completed the acquisition of a minority stake in SILAC Insurance.

Hildene, a credit-focused asset manager, completed the acquisition of a minority stake in SILAC Insurance, an annuity provider. Financial terms were not disclosed. “SILAC has built a market-leading annuity distribution platform, and we are excited to partner with Steve and his team at an important point in the Company’s evolution. Our alliance with SILAC underscores the confidence we have in the Company’s ongoing success and Hildene’s ability to source attractive investment opportunities for longer-term capital. We look forward to a symbiotic relationship with SILAC for years to come as we continue to scale the Ludlow Re platform," Brett Jefferson, Hildene Founder and Co-CIO.