Athene Holding Ltd., parent company of West Des Moines-based  Athene USA, announced Wednesday that it intends to raise approximately $500 million in a private placement offering to accredited investors.
Athene Holding said it will require minimum investments of at least $5 million, though it reserved the right to accept lower investments on a case-by-case basis.
Prospective investors will be required to execute a confidentiality agreement that will impose certain trading restrictions in the shares of its majority owner, AP Alternative Assets LP and Apollo Global Management LLC.
In October 2013, the Bermuda-based company completed its acquisition of Aviva USA’s annuity and life insurance operations, including Aviva Life and Annuity Co. in West Des Moines and Aviva Life and Annuity Co. of New York.