Lincoln National Corporation (LNC) Secures $825M Investment from Bain Capital

We recently compiled a list of 11 Best Undervalued Stocks to Invest in Now. Lincoln National Corporation stands third on our list and has recently secured $825 million investment from Bain Capital.

Lincoln National Corporation (NYSE:LNC), a leading U.S. provider of insurance and retirement solutions, is advancing its strategy in 2025 through a major partnership with Bain Capital. In April, Bain Capital acquired a 9.9% stake in the business for $825 million, marking a significant move toward optimizing Lincoln National Corporation (NYSE:LNC)’s investment and growth strategies.

As part of the deal, Bain Capital will manage assets across private credit, structured assets, mortgage loans, and private equity for the corporation over 10 years. This collaboration supports the company’s goal of accessing high-quality private assets with attractive, risk-adjusted returns, enhancing its multi-manager platform, and driving growth in spread-based earnings.

To fund this partnership, Lincoln National Corporation (NYSE:LNC) will sell approximately 18.8 million shares at $44 each, a 25% premium over the prior 30-day average, offering the company greater financial flexibility to invest in innovation, reduce leverage, and pursue strategic goals.

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CEO Ellen Cooper called the partnership a “pivotal milestone,” highlighting the alignment of values and long-term vision between the firms. This move also reflects a broader industry shift, as insurers increasingly turn to alternative asset classes to improve yield and manage risk in a challenging interest rate environment.

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