Swell Investing LLC announced a $30 million capital infusion from Pacific Life.
Approximately $15 million will be used to finance Swell's 2018 business activities, including an office space in Santa Monica, Calif., and resources to develop ways to help investors experience impact investing.
Swell will also adopt a new company structure in 2018 and move to its own holding company, Swell Investing Holding LLC. This aims to provide the company with more flexibility when deciding on future capital needs.
Pacific Life refers to Pacific Life Insurance Co. and its affiliates, including Pacific Life & Annuity Co.
- Author
- RJ Dumaual
- Theme
- BankingInsurance
