Appointment results from Board led CEO Search
Jeff Serra continues as Executive Chair and special advisor to the CEO
AUSTIN, Texas, October 15, 2021 – Vida Capital, Inc. (“Vida”), a portfolio company of RedBird Capital Partners and Reverence Capital Partners, today announced that it has completed its previously announced CEO search process led by its Board of Directors and has appointed Blair Wallace as President and Chief Executive Officer. With the appointment of Mr. Wallace, Vida has completed its intended succession plan. Jeff Serra, Vida’s current CEO, will remain as Executive Chair of the Board and will support the CEO transition as a special advisor. William (Bill) Tice, Vida’s current President, will also transition to an advisory role in support of the company’s special situations strategy, through the end of the year and then will be departing Vida to pursue other opportunities.
“Vida Capital is a world-class specialty asset management firm and we have taken the time to identify a leader that can continue building on the firm’s legacy and momentum,” said Peter Aberg, Partner and Co-Founder at Reverence Capital Partners. “Blair is a proven leader with substantial experience in the specialty asset management sector. We are extremely pleased to have him on board and look forward to growing Vida and delivering superior products for our investors.”
Andrew Lauck, Partner at RedBird Capital Partners added, “We would like to thank Jeff Serra for his assistance in the CEO search, for his continuing service as a member of the Board of Directors and for his role as special advisor during the transition. With improved performance in 2021 for our core products, even with the difficulties of operating in a pandemic, it is testament to the hard work of the Vida team and their focus on delivering for investors. We would also like to thank Bill Tice for his contributions in co-leading the company during this period and appreciate his support in assisting the team for the rest of the year on our special situations activities.”
Bill Tice added, “I am proud of what Vida has accomplished amidst the backdrop of the pandemic. I am confident that Blair and the rest of the team will continue to build on the company’s momentum, and I wish everyone the very best in this next chapter.”
Blair Wallace said: “Vida is a unique organization with an extremely attractive investment product derived from its proprietary strategy focused on insurance-linked and specialty finance strategies. I look forward to growing the business and delivering innovative products for investors over the near and long- term.”
Blair Wallace was recently a Partner and Portfolio Manager at Tenor Capital Management Company, L.P. Previously, Mr. Wallace was Head of Complex Solutions at Sculptor Capital Management and a Managing Director of Structured Credit. He began his career as an associate at Katten Muchin Rosenman LLP. Mr. Wallace graduated from Brooklyn Law School and holds a BA from the University of California San Diego.
About Vida Capital
Vida Capital, Inc. is the largest vertically integrated platform in the life settlements space with $3.6 billion in assets under management across the different closed-end and open-end funds. Vida has three primary business lines including life settlement funds, a life settlement provider, and insurance linked securities funds. Vida is the largest independent life settlements manager in the space and the third largest overall. Further, Vida’s wholly owned subsidiary, Magna Life Settlements, Inc., has been in the top three secondary market purchasers over the past three years. For more information visit www.vidacapitalinc.com.
For Vida Capital:
For RedBird Capital Partners:
Gagnier Communications 646-569-5897
For Reverence Capital Partners:
Gladstone Place Partners 212-230-5930