Lighthouse Life Capital LLC, a U.S. life settlement company and sponsor of non-traded alternative investments, has hired Mark Petersen as managing director and head of capital markets.
In his new role, Petersen will manage the capital markets division and build a team to educate and engage investment managers. He will also lead the firm’s $50 million Reg A+ Senior Beacon Bond offering, a fixed income, debt investment offering that launched just over a year ago.
Petersen has more than 30 years of experience in capital markets, sales and marketing, and product development. Throughout his career, he has developed, deployed, and directed distribution strategies for alternative investment programs, the company said.
Most recently, he was managing director of Concierge for Advisors. He previously served as executive vice president and head of capital markets for GWG Holdings from 2014 to 2017, and has held leadership roles at Behringer Securities, Behringer Harvard Holdings, CNL Financial Group, Franklin Square Capital Partners, as well as other positions in retail and institutional securities sales and national account management over the past three decades.
Petersen received his bachelor’s degree in business administration from the University of Texas at Arlington. He also holds an MBA in finance from Baylor University, where he currently serves on the board of regents as the representative of the Baylor Bear Foundation.
“Mark’s leadership of Lighthouse Life’s capital markets strategy is another important step in the growth of the company, which is delivering value to both investors in the company’s Beacon Bonds and seniors who receive a market value return when they sell us their policies,” said Michael Freedman, chief executive officer.
Lighthouse Life Capital launched its $50 million Reg A+ Beacon Bond offering in December 2020 and has raised more than $18.4 million to date. Investment proceeds are primarily used to originate and purchase life insurance policies and sell those policies to investors.
Lighthouse Life works with financial professionals – including insurance agents, financial advisors, accountants, and others – who advise and assist policyowners with the sale of unwanted, unneeded, or unaffordable life insurance policies.