Not tracking it exactly, but I have been concerned about it for a while. Life insurance companies are a large pile of long term money, so it stands to reason that they would attract bad actors. Life insurance companies providing debt capital for buying sports teams at astronomical valuations seems suspect on multiple levels.

Yes. People don’t realize that they’re asset managers. Another piece of the puzzle I just saw is that they’re buying into debt financing for (AI) data centers. Good video on that here, disregard the clickbait thumbnail and title.