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Aquiline raises $2bn+ investment fund, re/insurance a key target

27th May 2020 - Author: Charlie Wood

Private investment firm Aquiline Capital Partners has announced the final close of its fourth private equity fund, the Aquiline Financial Services Fund IV.

The fund closed with more than $2 billion in total commitments, exceeding its target of $1.5 billion.

Aquiline has raised the new fund from investors around the world and continues its strategy of investing in businesses in the key industries of the global financial services sector.

To date, the fund has made three equity investments.

The fund has invested in CoAdvantage, a professional employer organization that provides a range of insurance and human resources solutions for small and mid-sized companies as well as Ontellus, a medical records retrieval and claims evaluation services company for insurance carriers and law firms.

In addition, the fund has invested in Elm Street Technology, a real estate technology and marketing services provider.

“Today’s dynamic market conditions are creating significant disruptions across financial services, technology and healthcare that we believe will present compelling investment opportunities for us,” said Jeff Greenberg, Chairman and CEO of Aquiline.

“We look forward to building on the global momentum we have established and continuing to serve as a trusted partner to our portfolio companies through our industry expertise, operating capabilities and technology know-how.”

The Fund represents the fourth private equity investment fund managed by Aquiline and focused on the financial services sector.

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