 
		
		 
		
		 
					Axonic Insurance, a global annuity and insurance platform, has announced a $210m preferred equity investment led by LuminArx Capital Management, with participation from Deutsche Bank.
The investment from LuminArx and Deutsche Bank will support Axonic Insurance’s continued growth across retail and institutional distribution channels while also enabling it to further accelerate technology development and enhance product servicing capabilities.
Clayton DeGiacinto, managing partner and co-chief investment officer at Axonic Capital, said: “Axonic Insurance manufactures and distributes competitive annuity products supported by the high-quality cash flows and differentiated return streams available in structured credit markets where Axonic has especially deep expertise. 
“We’re grateful to LuminArx and Deutsche Bank for their partnership and shared conviction in advancing that goal as Axonic Insurance enters its next phase of disciplined, scalable growth.”