Hildene Capital Management to acquire SILAC for $550m.

Hildene Capital Management, an alternative asset manager, agreed to acquire SILAC, a US insurer, specializing in retirement savings with fixed indexed and multi-year guaranteed annuities, plus Medicare supplements, for $550m. “The acquisition of SILAC will strengthen their ability to serve the long-term interests of its policyholders while broadening Hildene's product offerings and enhancing our platform and origination capabilities. Since its inception, Hildene has been a pioneer in credit investing, consistently maintaining a disciplined approach to asset management,” Brett Jefferson, Hildene President and Co-Chief Investment Officer.