Domain Capital Group, a comprehensive private investment management services firm, announced its subsidiary, Domain Capital Advisors, served as the lead lender to Blackstone managed entities in its recent $2.8 billion purchase of Allstate Life Insurance Company (ALIC) and certain subsidiaries, collectively renamed Everlake Life Insurance Company.

“We believe completing this deal is a significant milestone for our credit business,” said Patrick R. Leardo, executive managing director and chief executive officer of Domain Capital Group. “It propels our credit practice past $2.5 billion in total originations of credit-related investments since Domain’s inception and demonstrates our ability to provide scalable credit solutions to meet clients’ needs.”

As part of a multi-lender syndicate, Domain provided debt, on behalf of its clients, to Blackstone for the acquisition, adding to its portfolio of private credit investments in the insurance market. The company will also service the full loan amount for the lender syndicate.

“We are seeing increased demand for credit investments across all industries,” said Kate Floyd, vice president, investments of Domain Capital Group. “We believe our team provides thorough underwriting processes to help reduce risk and constant monitoring of collateral and performance.”

Domain offers private credit across various asset classes including lending to operating companies, asset-backed portfolios, and real estate while focusing on pricing methodologies and structural creativity. It specializes in asset-backed structures that preserve capital through detailed underwriting and flexible investment structuring to maintain capital preservation, among other objectives. The firm also assesses credit risk to help ensure returns are appropriate and clients’ capital is protected.