Aquiline Capital Partners LLC, a New York-based private equity firm investing in financial services, closed the Aquiline Technology Growth Fund (ATG) with approximately $190m in total capital commitments.
ATG is Aquiline’s first dedicated early/growth-stage fund. It invests in technology and services companies that will impact the global insurance industry and broader financial services sector. Within these sectors, the fund targets specific areas that include insurance technology, asset management technology, benefits and retirement, security, data and analytics, and enterprise software, among others.
Investments will range between $3m and $15m in companies raising Series A to growth equity financings.
ATG has made two minority investments to date in Carpe Data, a provider of new and alternative forms of data and predictive analytics for the insurance industry, and in an early-stage subscription service firm that provides home warranty and concierge repair services.
In addition to ATG, Aquiline manages three financial services funds and has raised over $6.5 billion of capital through its affiliated funds and co-investments.
Founded in 2005 and led by Jeff Greenberg, Chairman and CEO, Max Chee and Michael Cichowski, Aquiline Capital Partner is a private equity firm investing in businesses across the financial services sector in banking and credit, insurance, investment management and markets, and financial technology and services.