Organizers of the new Institutional Life Services L.L.C. operation have signed another backer.
National Financial Partners Corp., New York, and the longevity markets group at Goldman Sachs Group Inc., New York, announced the formation of ILS in September.
The firms now report that Senior Financial Inc., a “wholly owned venture investment subsidiary” of Genworth Financial Inc., Richmond, Va., has agreed to become an ILS minority shareholder.
The organizers have described ILS as a “marketplace” that will bring institutional investors and seller representatives together.