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StocksMediumUpdated•Originally published 30 March 2026•Updated 1 April 2026•

1 min read

Sun Life Financial Bolsters Portfolio with Major Acquisitions in Real Estate and Credit

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Key Facts

1Sun Life completed the acquisition of the remaining 44% stake in BGO for US$1.16 billion.

2 months ago

Version History

1 additional source confirmed this story

Version 12 months ago

What changed: Added details regarding the $350 million valuation of the Bell Partners acquisition and the strategic plan to merge it with BGO to target the multifamily housing market.

Sun Life Financial Inc. has finalized the full ownership of BGO and Crescent Capital Group, while also acquiring Bell Partners for $350 million. The company completed the acquisition of the remaining 44% stake in Miami Beach-based BGO for US$1.16 billion and the remaining 49% in Crescent Capital Group for US$608 million. Sun Life plans to merge BGO with Bell Partners to specifically capitalize on growth within the multifamily residential investment sector. Total expenditure for these strategic acquisitions has reached at least $1.6 billion, significantly expanding the firm's asset management arm. These moves are designed to solidify Sun Life's global position in alternative credit and real estate investment management. By integrating these entities, the firm aims to enhance its asset management capabilities and diversify its investment offerings to drive long-term shareholder value.