Lincoln National Corporation (LNC – Free Report) recently joined forces with two renowned private investment firms, Bain Capital and Partners Group, in a bid to introduce two private markets-focused funds. These offerings are expected to be available by late 2025.
Through its partnership with Bain Capital, Lincoln Financial will offer an evergreen fund focused on a globally diversified portfolio of private credit investments. This includes direct lending, asset-based finance and structured credit. With more than 25 years of experience in multi-asset credit investing, Bain Capital will utilize its dynamic investment strategy and the deep expertise of its team to identify, evaluate and capitalize on attractive opportunities across global debt markets.
Lincoln Financial’s collaboration with Partners Group will introduce an evergreen fund designed to provide exposure to a diversified, cross-sector private markets royalty portfolio. Partners Group will employ a relative value strategy, investing in both established royalty sectors and high-growth emerging sectors. Intellectual property assets in pharmaceuticals and entertainment fall under well-established royalty sectors, while energy transition, sports and brands encompass a part of high-growth emerging areas. The fund aims to utilize various structures, including direct royalty purchases, royalty creation and royalty-backed lending.
Endeavors and Resultant Benefits of Such Moves to LNC
The recent launch highlights Lincoln National’s efforts to provide comprehensive offerings that address the evolving investment needs of clients. Successful integration of private market investment strategies within its portfolio, leveraging of deep asset management relationships and expertise in investment structuring will offer enhanced direct private market investment opportunities to LNC’s clients.
Private market investments have long been a cornerstone of institutional and high-net-worth portfolios. In recent years, demand from individual investors has grown as they seek the potential for strong returns and diversification benefits that private markets can offer within a well-balanced portfolio. This makes LNC’s latest announcement a time-opportune one.
The two new offerings will enhance the solutions portfolio of Lincoln National. Increased utilization of such lucrative offerings is expected to bring higher sales to the insurer.
In January 2025, the company introduced two innovative Variable Universal Life (VUL) insurance products as part of its next generation Lincoln AssetEdge series. These include an upgraded version of the Lincoln AssetEdge VUL (2025) and the brand-new Lincoln AssetEdge SVUL. Both products are designed to address the diverse financial and protection needs of individuals, couples and businesses.
Lincon National’s Price Performance & Zacks Rank
Shares of Lincoln National have gained 23.4% in the past year compared with the industry’s 13.1% growth. LNC currently carries a Zacks Rank #3 (Hold).
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks in the insurance space are EverQuote, Inc. (EVER – Free Report) , Old Republic International Corporation (ORI – Free Report) and Horace Mann Educators Corporation (HMN – Free Report) . While EverQuote currently sports a Zacks Rank #1 (Strong Buy), Old Republic and Horace Mann carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
EverQuote’s earnings surpassed estimates in each of the last four quarters, the average surprise being 160.73%. The Zacks Consensus Estimate for EVER’s 2025 earnings indicates a rise of 34.1% while the same for revenues implies an improvement of 25.2% from the respective 2024 figures. The consensus mark for EVER’s 2025 earnings has moved 45.7% north in the past 30 days.
The bottom line of Old Republic beat estimates in each of the trailing four quarters, the average surprise being 37.25%. The Zacks Consensus Estimate for ORI’s 2025 earnings indicates a rise of 5% while the same for revenues implies an improvement of 8.1% from the respective 2024 figures. The consensus mark for ORI’s 2025 earnings has moved 3.2% north in the past 60 days.
Horace Mann’s earnings outpaced estimates in two of the trailing four quarters, matched the mark once and missed the same in the remaining one occasion, the average surprise being 13.17%. The Zacks Consensus Estimate for HMN’s 2025 earnings indicates a rise of 21.7% while the same for revenues implies an improvement of 8.7% from the respective 2024 figures. The consensus mark for HMN’s 2025 earnings has moved 1.3% north in the past 60 days.
Shares of EverQuote, Old Republic and Horace Mann have gained 56.9%, 27% and 16.9%, respectively, in the past year.
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