Alpha Growth Stock Price, News & Analysis

Alpha Growth plc (OTCQB: ALPGF) is a financial services company focused on the longevity asset class and insurance-linked asset and wealth management. The group describes itself as a specialist advisory business providing consultancy, advisory, and supplementary services to institutional and qualified investors in the multi-billion dollar market for longevity assets and related insurance-linked strategies.

Across its announcements, Alpha Growth states that it operates as a listed group with global reach, using its network to access longevity assets and associated insurance and asset services. The company emphasizes that it only advises on and manages longevity assets that originate in the USA, where the structured and life settlement markets are described as highly regulated.

Business focus and longevity assets

Alpha Growth repeatedly highlights its specialization in longevity assets. In the company’s own descriptions, longevity assets are presented as being non-correlated to real estate, equity capital, and commodity markets. Their value is described as a function of time, with the value of policies moving closer to face value as time passes, which the company characterizes as contributing to a steady increase in net asset value for investments in this area.

According to Alpha Growth, this non-correlation and time-based value profile make longevity assets attractive to investors seeking to counteract portfolio volatility and add yield. The group positions its expertise around sourcing, advising on, and managing these assets for alternative institutional and qualified investors.

Advisory and asset management activities

Alpha Growth describes itself as a financial advisory business that provides specialist consultancy, advisory, and supplementary services to investors globally. The group’s strategy, as set out in multiple announcements, is to expand its advisory and business services through acquisitions and joint ventures in the UK and the US to build commercial scale and offer what it calls holistic solutions for alternative institutional investors seeking specialized skills and access to longevity assets.

Within the group, Alpha Growth Management LLC is identified as a US-registered investment adviser specializing in alternative investment strategies with a focus on esoteric and longevity-based investments. This subsidiary acts as investment adviser to the Alpha Alternative Assets Fund (AAAF), an interval fund that, since a strategy change in September 2022, targets longevity and esoteric assets such as structured settlement receivables, legal finance, life settlements, royalties, and other unconventional assets. The fund is described as seeking low correlation to traditional markets and using a dual-sleeve structure that balances illiquid longevity assets with a more liquid sleeve to support quarterly repurchase offers.

Funds and investment strategies within the group

Alpha Growth’s communications reference several fund and strategy initiatives within its broader longevity and insurance-linked focus:

• Alpha Alternative Assets Fund (AAAF): Managed by Alpha Growth Management LLC, this US-registered interval fund is described as a longevity-based fund targeting structured settlement receivables, legal finance, life settlements, royalties, and other unconventional assets, with the aim of delivering low correlation to traditional equity and bond markets. The fund is structured as an interval fund with quarterly liquidity through repurchase offers.
• BlackOak Alpha Growth Fund: The company has reported performance statistics and awards for this fund in its announcements, describing it as a fund that has delivered positive returns over multiple years and has received recognition in performance rankings for fixed income and insurance-linked securities categories.
• Alpha Growth & Income (AGI) strategy: Alpha Growth has outlined a strategy combining life settlements and life-contingent structured settlements hedged by a life insurance policy, intended for investors seeking cash flow and growth through either separately managed accounts or a co-mingled fund, subject to minimum investment sizes.

These strategies are presented as part of the group’s broader approach to building assets under management in longevity and insurance-linked assets.

Insurance and wealth management subsidiaries

Alpha Growth has also expanded into life insurance and wealth management platforms through acquisitions and group companies:

• Alpha International Life Assurance Company (Guernsey) Ltd (AILAC): This Guernsey-based life insurer is described as a general account life insurance company licensed by the Guernsey Financial Services Commission and a wholly owned subsidiary of Alpha Group (Bermuda) Limited, an insurance holding company for Alpha. AILAC offers long-term life insurance-linked savings accounts and portfolio bond type life policies to policyholders.
• Providence Life Assurance Company (Bermuda) Limited: Identified as part of the Alpha Growth group, Providence Life Assurance specializes in bespoke life insurance solutions for ultra-high net worth (UHNW) individuals and family offices. It focuses on Private Placement Life Insurance (PPLI) and Private Placement Variable Annuities (PPVA), operating under the regulatory oversight of the Bermuda Monetary Authority.
• Alpha PPLI (Isle of Man branch): A branch of Providence Life Assurance, operating under the name Alpha PPLI, has been granted an Isle of Man branch license. The branch is described as serving sophisticated wealth planning needs of clients across the UK, Europe, the Middle East, and Asia, building on Providence Life Assurance’s expertise in PPLI and PPVA and targeting UHNW individuals and family offices.
• Havelet Assignment Company Ltd: Alpha Growth has reported acquiring this Barbados-based financial services company, describing it as a strategic acquisition that adds assets under administration and provides a complementary source of business to Providence Life Assurance.

Earlier announcements also describe Alpha Growth’s acquisition of a Bermuda-based Class C licensed insurance company with managed assets and in-force policies, providing a platform for life insurance-based wealth management products, life insurance-linked funds, and longevity risk coverage, subject to regulatory approval and oversight.

Target clients and investor base

Across its communications, Alpha Growth emphasizes that its core clients are institutional and qualified investors, including alternative institutional investors seeking access to longevity assets and related insurance-linked strategies. The group also highlights its focus on ultra-high net worth individuals and family offices through its life insurance subsidiaries and wealth planning platforms, particularly via Providence Life Assurance and Alpha PPLI.

The Alpha Alternative Assets Fund is described as opening access to institutional-grade longevity and esoteric assets for US-based mainstream investors through an interval fund structure, while the BlackOak Alpha Growth Fund is noted as being available to accredited and institutional investors.

Strategic growth and acquisitions

Alpha Growth has communicated a growth strategy that includes:

• Pursuing acquisitions and joint ventures in the UK and the US to expand advisory and business services in longevity assets and insurance-linked asset management.
• Using acquisitions of insurance and financial services companies, such as the Guernsey life insurer and Havelet Assignment Company Ltd, to increase assets under management and assets under administration, and to create platforms for offering life insurance-based wealth management products and life insurance-linked funds.
• Developing and managing funds and strategies focused on longevity and esoteric assets, including interval fund structures and specialized strategies that combine life settlements and structured settlements.

In its own descriptions, the group links these initiatives to a broader objective of building an organization with significant scale in longevity assets and insurance-linked asset and wealth management.

Longevity assets and non-correlation characteristics

Alpha Growth devotes repeated explanation to the characteristics of longevity assets. The company states that longevity assets are non-correlated to real estate, equity capital, and commodity markets, and that their value is driven by the passage of time as policies move closer to their face value. This is described as producing a steady increase in net asset value for investments in such assets, which the company presents as appealing to investors seeking to reduce volatility in their portfolios and enhance yield.

The group also notes that it focuses on longevity assets originating in the USA, where the structured and life settlement markets are described as highly regulated, and that its advisory and management activities are limited to such assets.

Position within financial services and asset management

Alpha Growth presents itself as a specialist in longevity assets and insurance-linked asset and wealth management within the broader financial services and asset management sector. Its activities span advisory services, fund management through Alpha Growth Management LLC, and life insurance platforms through subsidiaries such as AILAC and Providence Life Assurance.

Through these components, the group positions its business at the intersection of alternative investments, life insurance-based wealth planning, and longevity-linked assets, targeting institutional, qualified, and ultra-high net worth clients who seek exposure to non-correlated asset classes and specialized insurance-linked structures.