– USA, TX – Vida Capital, Inc., a portfolio company of RedBird Capital Partners and Reverence Capital Partners, today announced the appointment of Blair Wallace as President and CEO, succeeding Jeff Serra who will remain as Executive Chair of the Board of Directors, while current President Bill Tice will transition to an advisory role in support of the company’s special situations strategy.
“Vida Capital is a world-class specialty asset management firm and we have taken the time to identify a leader that can continue building on the firm’s legacy and momentum,” said Peter Aberg, Partner, and Co-Founder at Reverence Capital Partners. “Blair is a proven leader with substantial experience in the specialty asset management sector. We are extremely pleased to have him on board and look forward to growing Vida and delivering superior products for our investors.”
Andrew Lauck, Partner at RedBird Capital Partners added, “We would like to thank Jeff Serra for his assistance in the CEO search, for his continuing service as a member of the Board of Directors, and his role as a special advisor during the transition. With improved performance in 2021 for our core products, even with the difficulties of operating in a pandemic, it is a testament to the hard work of the Vida team and their focus on delivering for investors. We would also like to thank Bill Tice for his contributions in co-leading the company during this period and appreciate his support in assisting the team for the rest of the year on our special situations activities.”
About Blair Wallace
Blair Wallace was recently a Partner and Portfolio Manager at Tenor Capital Management Company, L.P. Previously, Mr. Wallace was Head of Complex Solutions at Sculptor Capital Management and a Managing Director of Structured Credit. He began his career as an associate at Katten Muchin Rosenman LLP.
Blair Wallace commented: “Vida is a unique organization with an extremely attractive investment product derived from its proprietary strategy focused on insurance-linked and specialty finance strategies. I look forward to growing the business and delivering innovative products for investors over the near and long-term.”
Mr. Wallace graduated from Brooklyn Law School and holds a BA from the University of California San Diego.
About Vida Capital
Vida Capital, Inc. is the largest vertically integrated platform in the life settlements space with $3.6 billion in assets under management across the different closed-end and open-end funds. Vida has three primary business lines including life settlement funds, a life settlement provider, and insurance-linked securities funds. Vida is the largest independent life settlements manager in space and the third largest overall. Further, Vida’s wholly-owned subsidiary, Magna Life Settlements, Inc., has been in the top three secondary market purchasers over the past three years.
For more information: https://www.vidacapitalinc.com/
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