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Sonali Basak and Gillian Tan
Jun 13, 2024
Billionaire plans to create $65 billion venture named Eldridge. Stake sale could value the firm at $10 billion to $15 billion.
Todd Boehly is planning to create a new asset management firm, and is in talks to sell a stake to investors in a bid to turbocharge growth and fund potential acquisitions across the globe.
The new business, to be named Eldridge, is set to combine at least six existing platforms backed by Boehly’s Eldridge Industries with its crown jewel, insurer Security Benefit, according to people familiar with the matter, who asked not to be identified discussing confidential information.
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