Emergent Capital, Inc. announced that on August 16, 2019, Emergent and certain of its subsidiaries, including White Eagle Asset Portfolio, LP ("White Eagle"), closed a financing transaction pursuant to which it will partner with Palomino JV, LP in the ownership of its portfolio of life settlement policies and will exit its former credit facility with Beal Bank. On August 16, 2019, Emergent and certain of its subsidiaries entered into a subscription agreement with Palomino, in connection with the previously announced commitment letter with Jade Mountain Partners pursuant to which White Eagle will sell to Palomino 72.5% of its limited partnership interests.