Cornerstone Financing announces $285 million financing from Aquiline and Nomura

BLOOMFIELD, N.J., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Cornerstone Financing, an insurance and investment funding company, has secured $285 million in aggregate financing through global finance investment firms Aquiline Capital Partners LP ("Aquiline") and Nomura.

The financing supports the expansion of CHEIFS (Cornerstone Home Equity Insurance/Investment Funding Solutions), Cornerstone's transformational funding solution that allows homeowners to sell a fraction of their home for cash to fund insurance, annuities, long-term care, and other financial and life planning options.

"Partnering with these prestigious institutions affirms our commitment to providing advisors with innovative home equity solutions," said Daniel Anderson, co-founder of Cornerstone. "With streamlined distribution through our network of advisors, Cornerstone, through its CHEIFS program, offers a uniquely efficient model that maximizes value and enhances ...