Fund closed with more than $365 million in total commitments, exceeding its target of $300 million
NEW YORK and LONDON, May 4, 2022 /PRNewswire/ — Aquiline Capital Partners LLC (“Aquiline”), a private investment firm based in New York and London with $8.7 billion of assets under management, today announced the final closing of Aquiline Technology Growth Fund II (“ATG II” or the “Fund”). The Fund closed with over $365 million in total commitments, exceeding its target of $300 million and almost double $189 million total commitments raised for Aquiline Technology Growth’s (“ATG”) first fund.
Aquiline raised the fund from new and existing investors around the world and plans to continue ATG’s strategy of partnering with innovative early-stage and growth-stage technology companies in fintech, technology insurance and related business software and services. ATG has made 27 investments in two funds, investing across the financial services value chain in companies that use technology to enable functions such as sales and distribution, automation of back-office functions and product innovation.
“Today is another significant milestone for Aquiline and a testament to the strong reputation we have developed with institutional investors around the world through our distinctive investment approach,” said Jeff Greenberg, Chairman and CEO of Aquiline Capital Partners. “We believe our team is well positioned to identify and invest in high-growth companies that can benefit from our strong network and deep industry expertise.”
“With this larger fund, ATG is now even better positioned to be a trusted partner for entrepreneurs building exciting, fast-growing businesses in our target markets across financial services,” said Max Chee, responsible for the technological growth of Aquiline. “We are thrilled to have added some very important investors to our community and look forward to building and improving great businesses together.”
“Our specialist focus has allowed us to target and invest in companies that solve real problems in financial services markets, such as insurance, that are not as well understood by the broader investment community and are earlier in their adoption of digital technologies than many other industries,” said Mike Cichowskiwho leads ATG’s Growth Investing, which partners with struggling companies that need capital to accelerate their growth.
About Aquiline Capital Partners
Aquiline Capital Partners, founded in 2005, is a private investment firm based in New York and London that invests in companies in the financial services and technology, business services and healthcare sectors. The company had $8.7 billion in assets under management as of March 31, 2022. For more information about Aquiline, its investment professionals and portfolio companies, please visit www.aquiline.com.
About the Growth of Aquiline Technology
Aquiline Technology Growth (ATG) seeks to invest in early-stage and growth-stage technology companies that bring innovation to the insurance and financial services ecosystems. ATG is managed by Aquiline Capital Partners, a private investment firm based in New York and London that invests in companies in the financial services and technology, business services and healthcare sectors. The ATG team has a background in technology and financial services and is supported by colleagues at Aquiline, strategic partners and an active group of industry executive advisors. For more information about ATG, visit http://www.aquiline.com.
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SOURCEAquiline Capital Partners LLC