Aquiline Capital Partners Announces Investment in OmegaFi
NEW YORK, December 2, 2015 – Aquiline Capital Partners LLC, a New York-based private equity firm investing in financial services, announced today that it has made an investment in OmegaFi, the leading provider of financial, membership management and fundraising software and support solutions for college fraternities and sororities across the United States.
OmegaFi's suite of services helps fraternal organizations at the local and national levels bill and collect dues and rent, manage rosters and records, pay bills and employees, file tax returns, build websites, publish newsletters, conduct fundraising campaigns and process payments.
"OmegaFi is the dominant player in a very specialized yet growing market, and a strong addition to our roster of innovative financial technology portfolio companies," said Jeff Greenberg, Chief Executive of Aquiline. "It has a long history of success and a reputation rooted in cutting-edge technology, data security and superior customer service. We see significant opportunities for growth and look forward to working with the leadership at OmegaFi to continue to expand their reach and customer base."
"We are excited that Aquiline recognizes the important role our services play in the financial operations of fraternities and sororities, organizations that positively contribute to America economically and otherwise,” said Fred Maglione, Chief Executive Officer of OmegaFi. "The resources and expertise they bring will only strengthen our current capabilities and services, allowing us to grow and maintain our long-term focus on operational efficiency and success for the chapters, house corporations, headquarters and fraternal foundations that we serve."
As part of the transaction, OmegaFi’s Founder Todd Reaves will welcome Aquiline professionals Vincenzo La Ruffa, Scott Leach and Joe Pappalardo as new members of the Board of Directors.
OmegaFi provides financial, fundraising and communication software, payment solutions and support for fraternities and sororities across the United States. Their innovative tools, expertise and customer-centered approach help fraternal chapters, house corporations, headquarters and foundations optimize operational efficiency and increase revenue. Partnering with OmegaFi provides administrative relief and support so undergraduate officers, alumni/ae advisors and professional staff can focus on mission-driven priorities. To learn more, visit omegafi.com.
About Aquiline Capital Partners LLC
Aquiline is a private equity firm based in New York investing in middle-market businesses across the financial services sector in banking and credit, insurance, investment management and markets, and financial technology. Aquiline targets specialized businesses that have potential for improved performance and growth in conjunction with Aquiline’s equity ownership and active involvement. The Firm consists of industry experts who use their operating experience and a hands-on approach to build value in portfolio companies. For more information about Aquiline, its investment professionals, and its portfolio companies, please visit: www.aquiline-llc.com.