Preservation Capital Partners Hits Hard Cap £309m ($400m) for Financial Services Focused Fund

Posted by on 7.30.20 in PCP Media

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…

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Preservation Capital Partners announces completion of BMS investment

Posted by on 10.8.19 in PCP Media, Portfolio News

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…

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Preservation Capital Partners and BCI announce investment into BMS

Posted by on 6.10.19 in PCP Media, Portfolio News

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…

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Preservation Capital invests to build MGA powerhouse

Posted by on 2.18.19 in PCP Media, Portfolio News

Preservation Capital Partners (“Preservation Capital”), the financial services-focused private equity firm which last year acquired an interest in the insurTech-driven cyber and specialty lines MGA Ascent Underwriting (“Ascent”), has made a strategic investment in US construction-focused MGA Cove Programs (“Cove”). Together the business will manage in excess of $200 million GWP, making it one of…

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Ascent announced the completion of its acquisition by Preservation Capital Partners, having obtained FCA approval

Posted by on 1.24.18 in PCP Media, Portfolio News

Ascent Underwriting (“Ascent”), the cyber and specialty lines MGA, today announced the completion of its acquisition by Preservation Capital Partners, having obtained FCA approval. The existing Ascent management team will retain a significant shareholding in the company, and continue to manage the business during its next stages of growth. Further terms of the transaction were…

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