Solutions
StepStone Group Inc (STEP), a global private markets investment firm, is to acquire Greenspring Associates, a venture capital and growth equity platform, and certain of its related entities.
The transaction is expected to close by the end of the year, subject to customary closing conditions, including regulatory approvals and receipt of requisite fund investor consents.
The combined team of over 70 venture capital and growth equity focused investment professionals working across the United States, Europe and Asia, would manage approximately USD22 billion of venture capital and growth equity assets, if measured as of 31 March, 2021. The combination would
Genstar Capital-backed Obsidian Insurance Holdings, an AM Best rated “A-” hybrid fronting group, has acquired admitted carrier, Western Home Insurance Company (Western Home), from Western National Mutual Insurance Company (Western National).
The acquisition supports the company’s strategic growth plans and together with Obsidian’s existing admitted carrier, Obsidian Insurance Company, Western Home will provide Obsidian’s current and existing program managers access to countrywide admitted insurance capabilities, including the sizeable California marketplace. Obsidian also offers countrywide E&S capabilities through its surplus lines carrier, Obsidian Specialty Insurance Company. Prior to closing, all remaining liabilities were assumed by Western National, an AM Best rated
LoanPro, a SaaS-based loan management, servicing and collections platform for alternative, fintech and traditional lenders, has raised a USD100 million growth equity investment from FTV Capital, a sector-focused growth equity investor in innovative enterprise technology and services, financial services, and payments and transaction processing companies.
Through this capital raise, LoanPro will enhance its platform functionality, enter new lending verticals, and further invest in client-centric growth initiatives.
LoanPro was founded in 2014 by three brothers, Rhett, Ben and Lloyd Roberts, who developed the software after finding there were no lending applications that met the needs of their own lending business.
Abry Partners, a Boston-based private equity firm, and Hoplon Capital, an asset manager focused on digital disruption of end markets including insurance, have acquired Concentrix Corporation’s (NASDAQ: CNXC) insurance third-party administration and software platform.
Lincoln Road Global Management (Lincoln Road), a private equity firm focused on lower middle-market companies, and Peninsula Capital Partners (Peninsula Capital), a private equity firm focused on providing customised subordinated debt and equity solutions, have sold Republic Fire Protection (Republic Fire), a full-service provider of fire safety and protection services.
Financial terms of the private transaction have not been disclosed.
Republic Fire provides a wide range of fire extinguishers, emergency lighting, alarm, industrial fire suppression, sprinkler and exit lighting products, sales, inspection and related services throughout the Southeastern US Under Peninsula Capital’s and Lincoln Road’s ownership, the Company strengthened its
Genstar Capital (Genstar), a private equity firm focused on investments in targeted segments of the financial services, healthcare, industrials, and software industries, is to acquire a majority stake in Foreside Financial Group (Foreside), from Lovell Minnick Partners (LMP).
Foreside provides a robust offering of distribution solutions and governance, risk management and compliance (GRC) solutions to clients in the global asset and wealth management industries.
Established in 2005 and based in Portland, Maine, Foreside has quickly grown to become a US market leader in the investment management industry, and enjoys an excellent reputation as a best-in-class service provider across its distribution
Apex Group (Apex), a global financial services provider, has partnered with i80 Group, an investment firm that partners with pre-eminent venture and growth companies, to provide loan administration and ESG Ratings & Advisory services, in addition to its existing fund administration services.
New York headquartered i80 Group provides companies with bespoke financing solutions that are designed to scale with a company’s accelerating growth plans while minimising dilution. Apex will provide i80 Group with a comprehensive range of loan administration services to support these transactions from initial set up to maturity.
Apex’s market leading Loan Administration service encompasses operational support to
Maven Capital Partners (Maven), one of the UK’s most active private equity houses, has led the GBP2.6 million investment in cloud-based internal communication and employee engagement platform Oak Engage Limited (Oak).
A total of GBP1.825 million has been provided by Maven’s Investor Partners network alongside a further GBP775,000 from the Maven managed North East Development Capital Fund and the North East Innovation Fund, supported by the European Regional Development Fund and managed by Northstar Ventures, as well as existing and new private investors. Today’s transaction has now completed the series A round, in which Maven has invested a total of
Private equity firms Flexpoint Ford and Vestar Capital Partners are to acquire LERETA, a provider of real estate tax and flood services for mortgage servicers. The transaction is expected to close within 30 days.
LERETA’s chief executive officer, John Walsh, and the current senior management team will continue to lead the Company.
LERETA serves more than 4,000 customers nationwide. The Company processes more than USD17 billion in tax payments annually and monitors more than 25 million loans for flood determinations. Over the past two years, the Company has met 99.9 per cent of its service level agreements for all
Single.Earth – a tokenisation platform that enables forests, wetlands, and other planetary resources to generate profit for landowners by selling them as carbon and biodiversity credits, instead of raw materials – has secured USD7.9 million in seed funding.
The round was led by EQT Ventures, with participation from existing investor Icebreaker and Ragnar Sass and Martin Henk, founders of Pipedrive. The funding will be used to launch its marketplace for nature-backed MERIT tokens and for hiring talent.
The climate crisis is the biggest existential risk that humanity has faced in the last 200,000 years – but countries are still
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
