Todd Boehly Sets Up $74 Billion Asset and Insurance Manager (1)

Todd Boehly’s Eldridge Industries said it will launch a $74 billion asset manager and insurance holding company, capitalizing on the investment industry’s push for scale and consolidation.

The new venture by Eldridge will be divided into two entities - an investment arm focused on corporate and real estate credit, general partner solutions and sports, media and entertainment - and an insurance platform backed by Eldridge Industries’ crown jewel Security Benefit and Everly Life.

Todd Boehly will chair the new entity’s executive committee, Eldridge said in a statement on Thursday.

The deal is expected to close ...