On July 31, 2022, PCP signed a definitive agreement to become the major shareholder of Saltus, one of the highest quality and fastest growing wealth management firms in the United Kingdom. Saltus is a founder-led financial planning and investment management firm that has achieved strong growth in recent years, propelled by a client centric advice […]
Continue reading »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 […]
Continue reading »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, […]
Continue reading »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 […]
Continue reading »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 […]
Continue reading »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 […]
Continue reading »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 […]
Continue reading »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 […]
Continue reading »Preservation Capital Partners (“Preservation Capital”), a financial services focused private equity firm, will take a substantial stake in Ascent Underwriting (“Ascent”), a leading cyber and specialty lines MGA. Preservation Capital will provide significant growth capital to support Ascent’s growth ambitions through the development of new business lines and complementary products via the acquisition of emerging […]
Continue reading »