Aquiline substantially contributed in building our business. Unlike other private equity firms, I always felt like I was talking to my partners. Eleven years post IPO and I still speak with Chris Watson and Jeff Greenberg regularly.

Aquiline has a good blend of senior operating partners who had deep experience in our industry, coupled with smart financial minds and expertise. They also focused on not just the right financial outcome for them, but the right ultimate outcome for the management team and wider staff. 

I am not sure if another private equity firm would have had the capability to buy ERS from IAG back in 2013. It was only the combination of Aquiline's deep sector knowledge, combined with their partners' experience of actually running companies, that enabled it to get comfortable with the value creation thesis and the relative risk / reward in the investment.

Partnering with a firm that has a focus on, and deep roots in, financial technology is invaluable when transforming a business in a changing environment. Aquiline truly understands the marketplace and the opportunities for value creation and it has been a pleasure to be on this journey with them.

Having spent months researching our space prior to their first call, Aquiline had a very specific plan and theory about what they would like to do to help us recognize greater value. They have done exactly what they said they were going to do, and much more.

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Our private equity strategy is centered around businesses that are well established in their niche but could be much more. We look at the broader financial economy and the plumbing behind it for assets that may not be glamorous but are important. As partners, we let those organizations take a more ambitious tack, supporting aggressive growth initiatives and other paths to equity value creation.

We want partners who draw value from our financial services reach, and look for them in business services, software, and healthcare as well as the financial sector.

The private equity team seeks to invest thematically, looking at industry trends and then zeroing in on niches of interest. 

Investments tend to be $20-200 million, either funded all at once or over time. We move quickly and generally do not shy away from tough carve-outs and other complicated transaction types.

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Our venture team invests in early and growth-stage technology and services companies with transformative potential for insurance and other financial services sectors. Drawing insights from our portfolio companies and much larger financial institutions in our industry network, we look for promising new technologies matched to the industry’s pain points.

We aim to bend the curve, leveraging our relationships to get entrepreneurs in front of the corporate decisionmakers who can bring step changes as potential clients or partners.

The venture team looks at the bottlenecks and inefficiencies experienced by insurers, asset managers, and other traditional financial institutions to understand market needs and corresponding opportunities for emerging fintech, insuretech, and enterprise technology.

Typical investments range from $3-15 million in companies with at least $1 million in annual recurring revenue. ATG can be the first institutional capital or participate in later rounds as a lead or co-lead investor.

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New York, NY and London, UK – May 26, 2020 — Aquiline Capital Partners, a global private investment firm specializing in financial services and technology, today announced the final close of its fourth private equity fund, the Aquiline Financial Services Fund IV (the “Fund”). 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: financial technology, insurance, investment management, business services, credit and healthcare. To date, the Fund has made three equity investments, all of which the firm sees as an opportunity to drive value creation by supporting management with the firm’s strategic, operational and technology capabilities. 
The Fund has made investments in the following companies:

-	CoAdvantage, a professional employer organization (PEO) 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

-	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. 

About Aquiline Capital Partners LLC

Aquiline Capital Partners, founded in 2005, is a private investment firm based in New York and London investing in businesses across the financial services sector in financial technology, insurance, investment management, business services, credit and healthcare. The firm has $5.3 billion in assets under management as of December 31, 2019. For more information about Aquiline, its investment professionals, and its portfolio companies, please visit: www.aquiline.com.


Aquiline Closes Aquiline Financial Services Fund IV

*Investment from Aquiline and 83North will be used to continue rapid global expansion*

WALLDORF, Germany & BOSTON--(BUSINESS WIRE)--TIS (Treasury Intelligence Solutions), a leading cloud platform for managing corporate payments and cash flows, today announced it has raised $20 million in additional financing led by Aquiline Technology Growth, an early- and growth-stage fund managed by Aquiline Capital Partners. The round also included participation from existing investor 83North. Aquiline joins previous investors 83North, Target Partners and Zobito.

The company plans to use the new funding to further accelerate product development and to scale operations in Europe and in the US, in order to meet growing international demand. Many globally recognized organizations, including Adecco Group, Bertelsmann, Hugo Boss, Fresenius, Fugro, Lanxess, ManpowerGroup, OSRAM and QIAGEN, already use TIS to standardize and analyze payment flows and to obtain liquidity overview throughout their organizations.

Jörg Wiemer, CEO and co-founder of TIS: “We are proud to have Aquiline on board alongside our existing investors. This investment will help accelerate our growth. More than ever, companies who operate globally need to be able to rely on solutions that support their business-critical payment processes. Thanks to the growing number of corporates, banks and service providers already using our cloud platform, TIS will further strengthen market leadership while leveraging sustainable competitiveness in combination with increasing network effects.”

“We have significant experience investing in modern payments businesses and believe that TIS is well positioned to meet the growing demand for innovation from Chief Financial Officers and Treasurers,” Jeff Greenberg, Chairman and Chief Executive Officer of Aquiline Capital Partners stated.

Additionally, as part of the investment, TIS will welcome Michael Cichowski of Aquiline to its Board of Directors. Mr. Cichowski added, "TIS addresses a large, important market that is ripe for digital transformation. I look forward to working with the management team and board as they continue on their growth trajectory.”

About TIS:

TIS (Treasury Intelligence Solutions GmbH), founded in Walldorf, Germany in 2010, is a global leader in managing corporate payments. The Financial Times named TIS as one of “Europe’s Fastest Growing Companies” for 2019 and 2020. Offered as Software-as-a-Service (SaaS), the TIS solution is a comprehensive, highly-scalable, cloud platform for company-wide payments and cash management. The TIS solution has been successfully used for many years in both large and medium-sized companies, including Adecco Group, Hugo Boss, Fresenius, Fugro, Lanxess, OSRAM and QIAGEN. More than 25% of DAX companies are already TIS customers.
Your world of Payments. ONE Login.
https://www.tis.biz

About Aquiline Technology Growth:

Aquiline Technology Growth (ATG) seeks to invest in early- and growth-stage technology companies that are bringing innovation to the financial services ecosystems. ATG is managed by Aquiline Capital Partners, a private equity firm based in New York and London investing in businesses globally across the financial services and technology sector. The ATG team has experience in technology and financial services and is supported by its colleagues at Aquiline, strategic partners, and an active group of industry Executive Advisors. For more information on ATG, visit: www.atgvc.com.

About 83North:

83North is a global venture capital firm with over $1B million under management. The fund invests in exceptional European and Israeli entrepreneurs. 83North is also deeply rooted in the main US tech hubs, with over half of its portfolio companies having operations in the US. The firm has backed more than 50 companies including Ebury (51% acquired by Santander), Hybris (acquired by SAP), iZettle,(acquired by Paypal), SocialPoint (acquired by Take2), Just Eat (London IPO), Celonis, Payoneer, Mirakl, Marqeta, Via and Vast. Visit www.83north.com and follow us on Twitter @83NorthVC

TIS Raises $20m as Demand Grows for its Leading SaaS B2B Payment Platform

Flueid

*Leading technology growth fund invests in Flueid’s forward-thinking approach to title insurance underwriting and closing automation*

AUSTIN, Texas--(BUSINESS WIRE)--Flueid Software Corporation, a fast-growing insurtech company delivering real estate closing automation solutions to the title insurance, real estate and mortgage lending industries, today announced the completion of a strategic investment led by Aquiline Technology Growth (ATG), an early- and growth-stage fund managed by Aquiline Capital Partners, a New York and London-based private equity firm investing in businesses globally across financial services and technology. Flueid intends to use the investment to continue development of its innovative technology, support its current product implementations and penetrate additional markets through sales and marketing team expansion.

Flueid provides strategic technology and business solutions that focus on eliminating outdated and costly inefficiencies found throughout real estate and mortgage lending transactions. Underpinned by its unrivaled industry expertise, Flueid utilizes data and automation to develop risk-eliminating automation products that streamline many of the traditionally manual backend title processing and closing functions of today’s closing service providers. Additionally, Flueid recently released an industry-leading solution for mortgage lenders and servicers that delivers an underwriter-backed title clearance decision, significantly accelerating the ability of these institutions to pinpoint loans within their portfolio or at point-of-sale, which can be immediately pursued. The solution also provides turn times for title work, allowing mortgage lenders to streamline their pipeline of loans by understanding the level of work and expertise necessary during the loan underwriting process.

“Flueid’s strong market momentum, product adoption and company growth are well-timed with the rapidly increasing demand for solutions that fast-track real estate closings while providing transparency for all parties involved,” said Max Chee, Head of ATG. “We are excited to partner with Flueid’s strong leadership team as the company enhances its strategic offerings and accelerates into this next stage of growth.”

“It’s exciting to see how Flueid’s solutions to automate the evaluation of potential consumer and property underwriting risk are being adopted by our customers. Our products not only streamline traditionally manual closing tasks but also enable transparency, which is critical to the ever-evolving closing practices within the title industry,” said Flueid CEO, Peter Bowman. “ATG’s financial support and significant experience in financial services and technology will help us build upon our vision of providing an enterprise-wide set of automation solutions even more rapidly and broadly.”

About Aquiline Technology Growth

Aquiline Technology Growth (ATG) seeks to invest in early- and growth-stage technology companies that are bringing innovation to the insurance and financial services ecosystems. ATG is managed by Aquiline Capital Partners, a private equity firm based in New York and London investing in businesses globally across the financial services and technology sector. The ATG team has experience in technology and financial services and is supported by its colleagues at Aquiline, strategic partners, and an active group of industry Executive Advisors. For more information on ATG, visit: www.atgvc.com.

About Flueid Software Corporation

Flueid Software Corporation is on a mission to fundamentally change how the traditional real estate transaction closing process works. With broad strategic, design, technology and operational experience within these industries, our goal is not to eliminate critical functions within the process, but to re-think them and make them smarter, which ultimately increases productivity and reduces redundancy and cost. Working with major title insurance, real estate and mortgage lending partners, Flueid develops key solutions that streamline real estate transaction workflow, automate the delivery of risk-eliminating information during closing, and optimize business processes throughout the entire process. For more information, please visit https://www.flueid.com/.

Leading technology growth fund invests in Flueid’s forward-thinking approach to title insurance underwriting and closing automation

Unqork

*The round, led by CapitalG, and joined by Goldman Sachs, and funds and accounts under management by subsidiaries of BlackRock, Inc., will further propel Unqork's rapid growth and expanding customer engagements that include Liberty Mutual, HSBC, John Hancock, Pacific Life, and Maimonides Medical Center*

NEW YORK, Feb. 26, 2020 /PRNewswire/ -- Unqork, the leading no-code application platform for the enterprise, today announced it has closed $51 million in additional growth funding for its Series B round from existing investor Goldman Sachs, along with new investors Aquiline Technology Growth and World Innovation Lab (WiL). 

Unqork is a no-code application platform that helps large enterprises build complex custom software and applications faster, with higher quality, and lower costs than conventional approaches. Since launching in mid-2017, Unqork has earned the trust of some of the world's leading enterprises including Liberty Mutual, John Hancock and Manulife. Recent customer engagements include HSBC, Pacific Life, and Maimonides Medical Center. 

"After spending over 20 years in enterprise IT leadership, I can tell you firsthand that the demands on technology leaders have never been more intense," said Gary Hoberman, Founder and CEO of Unqork. "Unqork enables progressive enterprises to quickly create and manage the most sophisticated, industrial-strength software using entirely no-code, visual tools. IT leaders are reporting speeds to deploy value-creating technology over one-hundred times faster than traditional coding. This latest funding round provides us with the resources needed to continue empowering these organizations to scale their businesses." 

Today's funding closes a larger $131 million Series B led by CapitalG, the growth equity investment fund of Google parent company Alphabet, and will help Unqork execute new and existing initiatives such as:


Growing the company's sales and marketing teams across the U.S. and around the world to meet consistently increasing demand for Unqork's platform

Investing further in the company's world-class engineering team 

Training and continuing to roll out partnerships with some of the world's largest services firms and systems integrators including Cognizant, Deloitte, EY, KPMG, and Virtusa 

Expanding the Unqork community by hosting large-scale events, including No-code on Tour and Unqork Live, its first-ever user conference, on May 6th 2020 in New York City 

Continuing Unqork's efforts to certify individuals at all levels, with plans to significantly expand the thousands of credentialed Unqork Creators in 2020 

"We can say firsthand that Unqork is changing the way the financial services industry thinks about enterprise technology and how it gets built," said Sarah Shenton, Vice President in the Merchant Banking Division at Goldman Sachs. "Time and time again we see the power of the Unqork platform turn skeptical IT leaders into true believers."

"No-code in the enterprise has gained massive traction, thanks largely to Unqork's adoption at the most complex organizations," said Laela Sturdy, General Partner at CapitalG. "This round is further proof that Unqork has the product, team and customer demand to continue to change the economics of enterprise IT."


About Unqork 

Unqork is the industry pioneer no-code enterprise application platform that helps large companies build, deploy, and manage complex applications without writing a single line of code. Companies like Liberty Mutual, Goldman Sachs, and John Hancock are using Unqork's drag-and-drop interface to build enterprise applications faster, with higher quality, and lower costs than conventional approaches. To learn more, please visit: https://www.unqork.com. 

About Goldman Sachs Merchant Banking Division 

Founded in 1869, The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm. Goldman Sachs Merchant Banking Division (MBD) is the primary center for the firm's long-term principal investing activity. MBD is one of the leading private capital investors in the world with investments across private equity, infrastructure, private debt, growth equity and real estate. 

About CapitalG 

CapitalG, formerly Google Capital, is Alphabet's independent growth equity fund. Founded in 2013, CapitalG focuses on growth stage technology companies, helping them scale with support from Google's vast expertise and resources. For further information about CapitalG, please visit www.capitalg.com.

Unqork finalizes $131 million Series B funding round to accelerate go-to-market and global expansion

Armour Textural

*Insurance industry veteran will serve as a resource to Aquiline and its portfolio companies*

NEW YORK, NY – February 20, 2020 – Aquiline Capital Partners LLC (“Aquiline”), a New York and London-based private equity firm that invests in businesses globally across financial services and technology, today announced that Kevin H. Kelley has joined the firm as an Executive Advisor.

Mr. Kelley, a long-time insurance industry executive, most recently served as Vice Chairman, Global Risk Solutions at Liberty Mutual Insurance before he retired at the end of 2019. Mr. Kelley joined Liberty Mutual following the company's acquisition of Ironshore Inc., where he was Chief Executive Officer. During his 40-year career in the insurance industry, Mr. Kelley also held a variety of executive and leadership positions at AIG, including Chief Executive Officer of the Lexington Insurance Company.

“Kevin is well-respected for his experience helping to guide and build businesses in the insurance industry throughout his distinguished career,” stated Jeff Greenberg, Chairman and Chief Executive Officer of Aquiline. “His industry knowledge and expertise are extensive and will be a valuable asset to Aquiline.”

Mr. Kelley stated, “I am truly excited to be joining Aquiline as the firm has built a strong reputation as a premier player in the insurance industry and, more broadly, in financial services and financial technology. I look forward to working with Jeff and the rest of the Aquiline leadership team.” 

About Aquiline Capital Partners LLC

Aquiline Capital Partners, founded in 2005, is a private equity firm based in New York and London investing in businesses across the financial services sector in banking and credit, insurance, investment management, and financial technology and services. For more information about Aquiline, its investment professionals, and its portfolio companies, please visit: www.aquiline.com.

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Opportunity with
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Expertise focused on management goals.

Opportunity with every connection.

Insight for further reach.