Preservation Capital Partners (“PCP”), the high growth financial tech and services private equity firm, today announced a number of promotions within its team, reflecting their contribution to the business as well as PCP’s commitment to developing its talent. Andrea Secci have been promoted to Managing Director from Principal, Armin Holeisen to Principal from Vice President…
Founded in 2007, Parmenion is an award-winning provider of investment services and technology solutions for financial advice firms in the UK.Parmenion offers a differentiated and integrated solution including platform technology, custody and discretionary fund management services. Parmenion is a growth leader in its segment, led by one of the best management teams in the sector, exhibiting a strong client-centric corporate culture,…
Preservation Capital Partners (“Preservation Capital”), a specialist investor in the asset-light financial services sector, today announces the closing of Preservation Capital Partners Fund I (“the Fund”) at its hard cap of £309 million ($400 million). The fund was significantly oversubscribed and includes a diverse group of global investors, including public pension plans, funds of funds…
BMS Group, (“BMS”), the independent specialist (re)insurance broker, today announced the completion of the significant equity investment by affiliates of Preservation Capital Partners (“PCP”) and British Columbia Investment Management Corporation (“BCI”) first announced in June. All required regulatory approvals have been secured. Management and staff of BMS maintain a significant shareholding in the company and…
BMS, one of the leading specialty lines focused insurance brokers globally, today announces an agreement for a significant investment by affiliates of Preservation Capital Partners (“PCP”) and British Columbia Investment Management Corporation (“BCI”). The investment, which values BMS at £500m, is subject to regulatory approvals and is expected to close in the third quarter. The…