WASHINGTON and PHILADELPHIA, September 9, 2024: Morgan Lewis advised Venerable Investment Advisers, LLC, an investment adviser and wholly owned subsidiary of Venerable Holdings, Inc. (Venerable), on the launch of an initial line-up of mutual funds composed of approximately $9.9 billion in assets under management.
Venerable owns and manages legacy variable annuity business acquired from other entities and is focused on successfully building and growing insurance businesses with patient, long-term capital. Venerable is a privately held company with business operations based in West Chester, Pennsylvania, Des Moines, Iowa, and New York, New York.
Morgan Lewis partners Joseph (Beau) Yanoshik and John McGuire, senior attorney Magda El Guindi-Rosenbaum, and associate Sadhvika (Shenu) Reddy advised Venerable Advisers, along with partner Richard LaFalce and associate Joshua Savey.