Eldridge Industries
Eldridge Industries, LLC is an American holding company headquartered in Miami, with offices in New York City, Greenwich, Connecticut, London, and Beverly Hills. It invests in industries such as insurance, asset management, technology, sports, media, real estate, and the consumer sector.
History
Eldridge Industries was formed in 2015 by CEO and Chairman Todd Boehly, President Anthony D. Minella, and General counsel Duncan Bagshaw, after Boehly purchased Dick Clark Productions, Billboard and The Hollywood Reporter, and Mediabistro from Guggenheim Partners. He named the company after the historic Eldridge Hotel, where he stayed while negotiating the acquisition of Security Benefit Life Insurance for Guggenheim.In 2020, Eldridge Industries provided financing to Ark Invest, allowing ARK founder Cathie Wood to remain majority shareholder of the company.
In 2021, the College of William & Mary announced that it had partnered with the company to develop a series of courses related to fiscal policy at the Mason School of Business.
Eldridge Industries owns Stonebriar Finance Holdings, a large ticket commercial finance and leasing company. It has a majority ownership stake in investment manager Maranon Capital. In 2021, some of Eldridge Industries' credit management operations spun out to create Panagram Structured Asset Management. Panagram launched two collateralized loan obligations exchange-traded funds in 2023. Eldridge Industries owned CBAM Partners, an SEC-registered investment advisor, before selling it to The Carlyle Group for $787 million in 2022.
In 2023, the company became a founding member of the Allbright Alliance, a collective initiative to increase opportunities for women in the workforce.
Eldridge Industries partnered with AECOM to create the real estate investment firm Eldridge Acre Partners. The firm launched in May 2024 with $1 billion in assets, and Eldridge Industries as the majority owner. Eldridge Industries partnered with Raymond James Financial later that same year.
In 2024, it was announced that the company was acquiring a 10% interest in Blue Owl GP Stakes Fund III.
In 2025, the company partnered with Fifth Third Bancorp to expand their private credit offerings. Eldridge Industries owns a stake in Flexjet; in 2025, L Catterton led an $800 million investment to acquire 20% of Flexjet.
Eldridge
In 2025, the company launched Eldridge, a new asset manager and insurance holding company with over $70 billion in assets under management. It is wholly owned by Eldridge Industries and includes two divisions, Eldridge Capital Management and Eldridge Wealth Solutions. Eldridge Wealth Solutions comprises Everly Life and Security Benefit Life Insurance, an insurer with $49.9 billion in assets. It had a net income of $1.2 billion in 2023, and issued an offering of $650 million in senior debt in 2024. Several existing Eldridge Industries businesses were reconsolidated under Eldridge, including Panagram Asset Management and Maranon Capital. Stonebriar Finance Holdings' investment team was also integrated into Eldridge.In 2025, Eldridge opened an office in Singapore. It sold its first $504.25 million collateralized loan obligation that year.
Horizon Acquisition Corporation
Eldridge Industries' special-purpose acquisition company Horizon Acquisition Corporation was founded in 2020. The company filed for a blank check IPO of $575 million in 2020. It merged with ticket reseller Vivid Seats in 2021, taking them public as Vivid. Eldridge Industries bought an additional $24.4 million in Vivid stock in 2023. Vivid is traded on the Nasdaq.Sports
In 2017, the company led a round of funding estimated at over $100 million for DraftKings, a daily fantasy sports contest provider. DraftKings purchased a stake in Vivid from Eldridge Industries, when the company went public in 2021. Eldridge Industries also has a stake in the Los Angeles Dodgers; Chavez Ravine, the acreage around Dodger Stadium; Cloud9; and Fanatics, Inc..Technology
The company has invested in fintech companies PayActiv, Stash and Truebill. In 2021, Stash reached a value of over $1.4 billion, and Truebill was acquired by Rocket Companies in 2021.In 2020, the company acquired data technology company Seek, formerly known as Knoema. In 2021, Eldridge Industries participated in multiple funding rounds for digital delivery service Gopuff, including the company's $1.1 billion financing round, and a $475 million financing round for artificial intelligence company Dataminr. The company invested in AI security company Oosto in 2018 and 2021.
Eldridge Industries has invested in technology companies Cutover, Digital Asset, Netomi, Cloudframe, e-commerce platform Samcart, materials science company Recover, Bilt Rewards, CoreWeave, and Capital Integration Systems, a software as a service platform launched in 2023.
It has invested in The Ready Games and mobile game developer Tripledot Studios. In 2025, Tripledot Studios acquired AppLovin's portfolio of mobile game studios in 2025 for $800 million, as part of its expansion across North America, Europe and Asia. Eldridge Industries held a stake in Epic Games which was sold back to Epic in 2021.
Eldridge Industries invested in neurotechnology company Kernel, digital health platform Wellthy, biotechnology company Quantum-Si, and fertility services company Kindbody, which was ranked #30 on the Deloitte Technology Fast 500 in 2023.
In 2022, the company led a $210 million investment round for Canadian financial technology company Koho. As of 2023, Koho reached an $800 million valuation and had over 1 million users. Eldridge Industries has led investment rounds for Digital Currency Group, Cross River Bank, which was valued at $3 billion in March 2022, and an investment round for insurance technology company Accelerant, which reached a $2.4 billion valuation in 2023. Accelerant expanded its operations to Canada with the acquisition of Omega Insurance in 2023.
In 2022, the company led a $400 million investment round for Velocity Global and took a seat on its board of directors.
Eldridge Industries also invested in Metropolis Technologies, an AI parking management company, leading a $1.7 billion funding round Metropolis' $1.5 billion acquisition of SP Plus Corporation in 2024, which took SP Plus private.
Consumer industry
Eldridge Industries has backed hospitality group Aurify Brands since it was founded in 2011. It invested in international bakery-restaurant chain Le Pain Quotidien through Aurify in March 2021. In 2023, Convive Brands was formed to operate Le Pain Quotidien, Little Beet and Little Beet Table, which had been previously operated by Aurify. Eldridge Industries has also invested in pizza restaurant chain Chuck E. Cheese.Thirteenth Floor Entertainment Group, an operator of horror-themed entertainment venues and escape rooms, is partially owned by the company. Eldridge Industries was part of a group of creditors who invested $1.2 billion in Canadian company Cirque du Soleil in 2020.
Eldridge Industries invested in virtual reality entertainment company Illuminarium Experiences, as part of a $100 million investment. The company led a $3.4 million funding round for food delivery marketplace Sesame in December 2021. Eldridge Industries has also invested in agricultural and industrial chemical producer LSB Industries, recycling technology company Protein Evolution, Inc., and G-Form, producer of Smart-Flex athletic gear.
Real estate
Eldridge Industries co-owns Cain International, a London-headquartered real estate firm with an estimated $17 billion in assets under management. Cain owns The Beverly Hilton in Los Angeles, 830 Brickell, which was completed in 2024, Missoni Baia, the Una Residences in Miami, and the Delano South Beach, which is under renovation as part of a joint venture with Accor. Cain also invested in hospitality group Aman Group, and is developing One Beverly Hills, a mixed-use site that includes the Beverly Hilton, the Waldorf-Astoria Beverly Hills, and an Aman Hotel, Residences & Club which broke ground in 2024. In 2025, Eldridge Industries and Cain received $300 million in financing from Vici Properties to develop One Beverly Hills. The property is scheduled for completion in 2027, ahead of the 2028 Summer Olympics in Los Angeles.In 2024, Cain completed its £124 million refinancing of The Stage, Shoreditch. In 2025, Cain bought The Dominick and announced plans to develop it into a Delano property.
The company has invested in The St. James sports complex, a 450,000 sq. ft. facility in Springfield, Virginia. The complex is part of a planned network of elite sports training academies.
The company seeded Essential Properties Realty Trust, a REIT that went public in June 2018. In 2019, Eldridge Industries invested $300 million in real estate investment company Kennedy Wilson. In 2020, Eldridge Industries co-founded Blackbrook Capital, an independent European real estate investment firm, with a €1 billion investment. Blackbrook merged with Cain in 2024.
In December 2021, the company acquired a minority interest in Langdon Park Capital, a Black-owned real estate investment company." Langdon Park Capital subsequently acquired 200 housing units in Los Angeles as part of a strategy to create affordable housing for the Black and Latino communities.
Insurance
Eldridge Industries owns Zinnia, an end-to-end insurance software provider based in Topeka, Kansas. The company develops a platform of administrative and distribution tools and digital ledger technology used in insurance. Zinnia acquired Breathe Life, a SaaS insurance platform, in 2022 and acquired online insurance marketplace Policygenius in 2023, and technology company Ebix in 2024. Zinnia raised $300 million in strategic financing from Vista Credit Partners in 2024. In March 2025, Gary Cohn joined Zinnia's board of directors.In 2021, the company participated in a $60 million investment in financial services company Buckle. The company invested in DPL Financial Partners in January 2021 and September 2022. In 2022, the company had over $1 billion in annuity sales, this doubled to $2 billion in 2023.
That year, Eldridge Industries invested in PPRO Financial and Clearcover Insurance. Hudson Structured Capital Management refinanced in 2021, with Eldridge Industries as its principal backer.