Investment Strategy
Securian Financial Group is a mutual insurance holding company headquartered in Saint Paul, Minnesota, with a history stretching back to 1880. The company provides life insurance, retirement plans, investment management, and employee benefits to individuals and institutions. Securian Asset Management, the company’s investment management arm, manages the general account portfolio and also serves institutional clients.
The general account portfolio of approximately $55 billion is primarily invested in fixed income, with a strong emphasis on credit research and selection. The investment team manages a diversified bond portfolio including investment-grade corporate bonds, structured products, and private placements. Securian’s credit-oriented approach has historically delivered competitive returns relative to peers.
Securian allocates approximately 8% of its portfolio to alternatives, including private equity, private credit, real estate, and infrastructure. The alternatives program is managed as a complement to the core fixed income strategy, with a focus on strategies that generate current income and offer attractive risk-adjusted returns. The company invests through fund commitments with established managers and pursues co-investment opportunities selectively.
How to Approach
GPs should approach Securian Asset Management in Saint Paul. The investment team is experienced and engaged, with a strong credit culture that informs how they evaluate alternative investments. Managers offering private credit, direct lending, or income-oriented private equity strategies will find alignment. The company’s moderate portfolio size means commitment sizes are typically $15-40 million, making it a good fit for mid-market managers. Securian values long-term relationships and transparent reporting.
Frequently Asked Questions
What is Securian Financial's investment approach?
Securian Financial manages an investment portfolio of approximately $55 billion, invested primarily in fixed income with roughly 8% allocated to alternatives. The company's mutual structure supports a long-term investment philosophy, and the portfolio is managed by Securian Asset Management with a focus on credit research and yield optimization.
Does Securian Financial invest in alternative asset classes?
Yes, Securian allocates to private equity, private credit, real estate, and infrastructure through fund commitments and selective co-investments. The alternatives program is designed to enhance risk-adjusted returns while maintaining portfolio diversification. Securian's in-house investment management team, Securian Asset Management, oversees both the general account and third-party mandates.
How can fund managers engage with Securian?
GPs should approach Securian Asset Management in Saint Paul, Minnesota. The company evaluates new manager relationships across private equity, private credit, and real estate. Securian is a constructive LP that values transparency, consistent performance, and alignment of interests. Commitment sizes typically range from $15-40 million.
