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Private Equity News
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Full Speed Ahead for GI Partners’ New Insurance Platform
- GI Partners has launched a new Managing General Agency (MGA) platform in partnership with insurance executives Brad Emmons and Brian Hanuschak.
- The goal of the new MGA platform is to grow a group of MGAs with strong underwriting skills, modern technology, and high service standards across various insurance products.
- Brad Emmons and Brian Hanuschak, with extensive operational and leadership experience, are partnering with GI Partners to accelerate the growth of MGA founders and strengthen capabilities through technology and analytics.
- GI Partners has previous experience investing in the insurance sector with companies like Insurity and Patriot Growth Insurance Services, reflecting the firm's ambition to build great companies in various sectors.
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Peprofessional
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Mesirow Strengthens its Technology Vertical
- Mesirow has strengthened its technology and services investment banking practice by appointing Bob Lockwood as a managing director to co-lead the vertical.
- Lockwood, with over 25 years of experience, will be based in Mesirow's Boston office and brings expertise in advising companies across digital marketing, advertising, and information technology sectors.
- The move reflects Mesirow's focus on attracting senior-level M&A talent and its commitment to delivering successful outcomes for clients in the technology and services sector.
- Mesirow Investment Banking, with a sector-focused approach spanning ten industry verticals, provides M&A advisory, corporate finance, and capital markets services to various clients including private equity firms, family offices, and large corporations.
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Peprofessional
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Highview’s Safety Marking Takes a Straight Line to a Bigger Platform
- Safety Marking (SMC), a pavement marking services provider backed by Highview Capital, has acquired Straight Line Industries, a subcontracted roadway striping and pavement marking services provider based in New York State.
- Straight Line Industries offers line striping for highways and local roads, traffic symbol application, and temporary traffic markings, serving government agencies and general contractors.
- Safety Marking's acquisition of Straight Line expands its presence in Upstate and Western New York, adding to its facilities in Connecticut, Rhode Island, and New York and making it one of the country's largest independent pavement marking providers.
- The merger reflects the trend of consolidation in the $240 billion U.S. infrastructure market, driven by increased state and municipal transportation spending, with many pavement marking firms engaging in M&A activities to meet the rising demand for road resurfacing and safety compliance.
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Funded
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Image Credit: Funded
Investors Psychology During Startup Pitches
- Entrepreneurs often overlook the psychology of pitching when presenting their startup ideas to investors.
- First impressions, emotional resonance, coachability, team strength, financial projections, market size, and exit plan are key factors that investors consider during pitch presentations.
- Investors assess the founder's credibility, passion, and authenticity within the first few seconds of a pitch.
- Emotional storytelling, coachability, team dynamics, market potential, financial projections, and exit strategies play crucial roles in making a successful startup pitch.
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Teten
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102
Image Credit: Teten
Interviewing the CTO of PE Front Office: Alternative Investments Technology: Bridging the Gap?
- Ankur Agarwal, Cofounder and CTO of PE Front Office, shared insights on the challenges in implementing and integrating global business systems for private equity firms.
- His book, 'Alternative Investments Technology: Bridging the Gap?', addresses dilemmas faced by fund managers in technology adoption, such as automation decisions and system implementation choices.
- PE Front Office provides a specialized SaaS platform for alternative investment firms, offering services from deal origination to portfolio monitoring and investor reporting.
- While competitors like Allvue and Dynamo exist, PE Front Office sets itself apart by focusing on customized solutions without compromising scalability.
- Agarwal emphasized the importance of solving real pain points to convince conservative alternative investment firms to adopt new technologies.
- Technologies like NLP and Real-time data analytics have great potential in private markets, offering efficient data processing and reporting capabilities.
- In the next five years, real-time data aggregation, self-service analytics, and AI-generated commentary are predicted to impact GP/LP operations significantly.
- PE Front Office seeks solutions for LP onboarding, seamless KYC, automated financial data retrieval, and ESG compliance to address unmet technology needs.
- The firm focuses on improving AI-powered reporting and platform interoperability, balancing customization with scalability for PE/VC clients.
- AI is expected to transform the finance industry by assisting in deal creation, risk assessment, drafting reports, and enhancing compliance processes.
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Guardian
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Image Credit: Guardian
MPs should not accept any murky answers from Thames Water chair on potential sale | Nils Pratley
- Sir Adrian Montague, the chair of Thames Water, will be appearing at the environment select committee to address the ongoing issues with the company's financial crisis and potential sale.
- MPs should question Montague on why KKR was chosen as the preferred bidder and inquire about the lack of competition in the process, as well as the management plan for the troubled utility.
- Concerns have been raised about Thames Water potentially being sold to a bidder that prioritizes bondholders' interests over customers, and the lack of transparency regarding regulatory support and accommodations.
- The select committee's scrutiny during Montague's appearance is crucial for achieving transparency in the sale process and ensuring that the interests of customers are prioritized.
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Teten
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Image Credit: Teten
Checklist legal and institutional action items for launching your emerging manager
- OpenVC has published a series on structuring the team and legal infrastructure of a new private equity/VC fund.
- The series covers various aspects including writing the constitution, legal issues, template agreements, and recruitment strategies for emerging managers.
- The resources were co-authored by Dolph Hellman from Orrick's Private Investment Fund's Group.
- Readers are encouraged to sign up for the newsletter if they found the content helpful.
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Nytimes
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Image Credit: Nytimes
Elizabeth Holmes’s Partner Has a New Blood-Testing Start-Up
- Elizabeth Holmes's partner, Billy Evans, is starting a new blood-testing start-up named Haemanthus while Holmes is in prison for defrauding investors through Theranos.
- Haemanthus describes itself as 'the future of diagnostics' and plans to revolutionize health testing through a new approach.
- The company initially aims to test pets for diseases before moving on to human health optimization, with a prototype device resembling Theranos's infamous blood-testing machine.
- Haemanthus is seeking to raise over $50 million for its innovative testing device equipped with tunable lasers, drawing similarities to Theranos's technology.
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Pymnts
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Image Credit: Pymnts
Platforms, Private Credit Fund and Banks’ Fortunes Are Increasingly Intertwined
- Private credit plays a crucial role in the capital landscape, especially for firms opting for non-traditional bank financing.
- Capital flows between banks, private credit firms, FinTechs, and end customers are becoming more intertwined, posing risks and rewards across this ecosystem.
- Recent data from the Boston Fed indicates that large banks are increasing their lending exposure to private equity and private credit firms, raising concerns about financial stability.
- The growth in private credit is evident in various industries like AI, with banks increasing their private credit transactions, and FinTechs like SumUp securing significant loans.
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Funded
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Image Credit: Funded
CodeAnt AI Funded $2M to Boost Code Review Automation and Software Security
- CodeAnt AI, a San Francisco-based developer of a devtool platform for automating code quality checks and security, secured $2 million in funding led by Y Combinator, VitalStage Ventures, and Uncorrelated Ventures.
- The funding will be used to expand the engineering team, invest in machine learning research, and grow enterprise partnerships across North America and Europe.
- CodeAnt AI's platform uses AI to detect security vulnerabilities, logic errors, and code style violations in real-time, aiming to reduce the time required for vulnerability detection and fix.
- The company's early adopters reported improved code quality, reduced time spent on code reviews, and real-time collaboration features for engineering teams, supporting multiple programming languages.
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Peprofessional
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Aurora’s Lubrication Engineers Quickly Closes Second Add-On Acquisition
- Lubrication Engineers, a portfolio company of Aurora Capital Partners, has acquired RSC Bio Solutions, a company known for developing and supplying environmentally acceptable lubricants (EALs) for marine and industrial applications.
- RSC Bio Solutions offers products like FUTERRA biodegradable hydraulic fluid, EnviroLogic lubricants, and BioFlo EAL gear oils, catering to marine operators, offshore energy companies, and industrial machinery users.
- The acquisition of RSC Bio Solutions marks Lubrication Engineers' second add-on acquisition after buying the industrial brands and products of Royal Purple in March 2025 for $110 million.
- Aurora Capital Partners, the parent company of Lubrication Engineers, focuses on control investments in industrial, manufacturing, and service-oriented businesses with values ranging from $100 million to $500 million.
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Peprofessional
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Heartland Paving Partners Expands Midwest Reach With Poblocki Paving Acquisition
- Heartland Paving Partners, under Soundcore Capital, has acquired Poblocki Paving Corporation, expanding its presence in the Midwest.
- Poblocki Paving provides asphalt and concrete services in Southern Wisconsin, including maintenance, repair, infrared patching, milling, sealcoating, striping, and snow removal.
- Heartland Paving has completed a total of eight acquisitions, including Poblocki Paving, as part of its expansion strategy in the Midwest and Northeast.
- The partnership between Heartland Paving and Poblocki aims to enhance pavement solutions in the Midwest, with Soundcore Capital actively seeking further acquisitions for geographic expansion.
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TheStartupMag
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Image Credit: TheStartupMag
The Role of Self-Funding in Building Successful Private Equity Firms
- Self-funding has become a viable path for entrepreneurs entering private equity, offering control, lean operations, and the chance to prove strategies before seeking external capital.
- Entrepreneurs using personal savings to launch a private equity firm have the freedom to shape strategy without external pressures, enabling long-term value focus.
- Self-funding fosters careful decision-making, focused prioritization, and a committed mindset, potentially reducing early mistakes and enhancing stability.
- Despite risks, self-funded startups in private equity are more likely to reach profitability, yet many fail within five years due to challenges and high stakes.
- Initial challenges of self-funding include the need for significant capital, careful spending decisions, and slower credibility-building without institutional support.
- Emotional tolls, setbacks, and personal risks are part of the self-funding journey, fostering resilience, confidence, and determination in founders.
- Once established, self-funded firms can focus on growth, using external funding strategically to expand operations, hire selectively, and pursue larger deals.
- Founders who start with personal capital can negotiate from a position of strength when seeking external funding, leveraging proven outcomes and track records.
- Long-term benefits of self-funding include independence in decision-making, financial stability during uncertainties, and ownership control for founders.
- Self-funded firms often exhibit cohesive cultures, stemming from a unified vision set by the founder, attracting like-minded individuals and fostering shared purpose.
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TheStartupMag
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Image Credit: TheStartupMag
April in Review: Global startup funding remains steady, while AI continues to draw headlines and industries like Telehealth drive growth
- April 2025 saw a decrease in startup deals, though global venture funding remained flat year over year at $23 billion.
- Despite a record-breaking funding month in March driven by OpenAI, concerns about AI environmental impact arose.
- A report by the International Monetary Fund stated economic gains offset rising carbon emissions, boosting global output.
- Interest in AI-generated code surged, with Microsoft sharing that 30% of its code is AI-generated.
- Industries like Telehealth and pet tech health are driving growth, with the pet care economy expected to exceed $500 billion by 2030.
- Startup stories from April include USC Incubator successes, Horasis hosting climate-focused panels, and Leadsales CEO offering funding advice.
- AI startup Prezent appointed a biopharma executive to its board, while startup Aestro AI launched to transform debt recovery.
- GPU startup SQream named a new CEO to lead AI Factories, while Buddy.ai aims to democratize English tuition in Latin America.
- Skystem founder highlighted the importance of automated finance controls, and Y Combinator startup DeepSource released autonomous AI agents.
- With the tech sector growing in Latin America, Big data enterprise Source Meridian opened a new office in Ecuador to boost the country's tech scene.
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Peprofessional
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How to Control Healthcare Costs Throughout Your Portfolio With New Insurance Model
- Private equity firms often overlook employee benefits when implementing value creation plans to increase profitability during ownership of companies.
- The individual coverage HRA (ICHRA) model offers control over insurance costs for businesses while providing quality healthcare benefits to employees.
- ICHRA can help PE-backed companies struggling with unpredictable group health plan renewals and high insurance costs.
- It allows for personalization in healthcare coverage, giving employees the freedom to choose plans that suit their individual needs.
- Implementation of ICHRA can lead to cost savings for both employers and employees compared to traditional group healthcare plans.
- ICHRA offers stability to employers, flexibility to employees, and eliminates the financial burden of high-cost claimants.
- Companies with multi-state operations find ICHRA particularly appealing due to the scalability and customization it offers for diverse employee groups.
- ICHRA allows employers to set a consistent budget for health insurance costs, providing predictability and avoiding unexpected cost increases during renewals.
- The adoption of ICHRA, as exemplified by a case study of a PE-backed manufacturing company, has shown benefits in reducing costs for employers and empowering employees with choice and control over their healthcare.
- Overall, ICHRA serves as a valuable tool for private equity firms seeking to optimize costs and enhance value creation within their portfolio companies.
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