Aquiline Capital Partners, a private equity firm that specialises in financial services and technology, has held a final close of its fourth fund, the Aquiline Financial Services Fund IV.
Founded in 2005, Aquiline Capital Partners is a private investment firm specialising in financial services and technology, which is based in New York and London and has USD5.3 billion in assets under management.
“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.
The fund closed with USD2 billion in commitments, exceeding its target of USD1.5 billion. The investors are based around the world and it will continue its strategy of investing in businesses in key industries of the global financial services sector: financial technology, insurance, investment management, business services, credit and healthcare.
The fund has made three equity investments so far: CoAdvantage; a professional employer organisation that provides a range of insurance and human resources solutions for small and mid-sized companies; Ontellus, a medical records retrieval and claims evaluation services company for insurance carriers and law firms and Elm Street Technology, a real estate technology and marketing services provider.
“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,” said Greenberg.