Pretium and American Equity Announce Strategic Partnership NEW YORK , Oct. 29, 2020 |PRNewswire| -- Pretium today announced it entered into an expanded strategic partnership with American Equity Investment Life Insurance Company ("AEL"). The transaction builds upon AEL's prior investment commitments with Pretium, increasing total commitments to $1 billion with pre-agreed terms for expansion to $2.25 billion . The investments will initially be primarily deployed into attractive residential credit assets sourced and managed by Pretium. In addition to the increased investment commitments to Pretium's asset management vehicles, AEL has also invested $100 million in the growth of Pretium's management platform. Pretium intends to use the proceeds to expand its growing franchise and further elevate its leadership in real estate, residential credit and corporate structured credit. Pretium distinguishes itself from other residential credit managers by successfully utilizing operating companies alongside its investment management strategies, enhancing both asset sourcing and performance.