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Private Equity
capitalz.com

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Investments

28

Portfolio Exits

15

Funds

2

About Capital Z Partners

The Capital Z team is one of the most experienced and longest tenured private equity investors in the financial services industry. Since 1990, Capital Z and its predecessors have invested in excess of $2.7 billion in 39 transactions.

Capital Z Partners Headquarter Location

230 Park Avenue South

New York, New York, 10003-1528,

United States

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Latest Capital Z Partners News

Abry Partners Agrees to Acquire Portfolio from Capital Z

Sep 1, 2020

byEmily Runey Abry Partners Agrees to Acquire Portfolio from Capital Z LAKE FOREST, Calif., Aug. 19, 2019 /PRNewswire/ — Abry Partners (“Abry”), a Boston-based private equity firm, announced that it has agreed to acquire Portfolio Holding, Inc. (“Portfolio” or the “Company”) from Capital Z Partners, LP (“Capital Z”), a New York-based private equity firm. The transaction is subject to normal and customary closing conditions. Terms of the transaction were not disclosed. Based in Lake Forest, CA, with operations in Dallas, TX, Portfolio is a leading independent provider of finance and insurance products and services to automotive dealers across the country, including vehicle service contracts, GAP insurance, and ancillary products. Its specialty is managing Affiliated Reinsurance Companies for dealership owners. Portfolio also administers warranty programs for other markets. All of Portfolio’s current management team will remain in their roles leading the Company and will retain significant equity ownership. “To accommodate our tremendous growth, Abry will be the third and largest private equity investor in the company since 2012. They are committed to helping us attain yet another record level of growth,” said Brent Griggs, President and CEO of Portfolio. “Abry Partners has a strong background in the financial services sector, and we have selected them as the next ideal partner for us. The Portfolio team is focused on expanding our footprint nationally in the automotive space and we have begun to leverage our reinsurance and administrative expertise in other markets as we pursue new opportunities to build the business.” Brent Stone, a senior Partner at Abry, said, “We have been impressed by Portfolio’s growth with consistent profitability over the years in a very competitive industry, as well as the quality of their home office and sales leadership in the field. The Portfolio team is a perfect example of the kind of company we invest in – motivated owners and executives who want to grow. We look forward to providing them the resources to help them succeed, while providing long-term value for all stakeholders in this investment.” Brad Cooper, Managing Partner of Capital Z, said, “We could not be more pleased with the outcome of our investment in Portfolio. They exceeded our expectations and were great partners to work with. Abry is buying a terrific company and will be the perfect partner for management to continue the Company’s growth and success.” Houlihan Lokey served as the exclusive financial advisor to Portfolio and assisted in structuring and negotiating the transaction. About Abry Partners Abry is one of the most experienced and successful sector-focused private equity investment firms in North America. Since their founding in 1989, the firm has completed over $82.0 billion of leveraged transactions and other private equity or preferred equity placements. Currently, the firm manages over $5.0 billion of capital across their active funds. For more information on ABRY, please visit  www.Abry.com . About Capital Z Partners Capital Z is a leading global private equity firm focused exclusively on the financial services industry. Together with its predecessor funds, Capital Z has invested approximately $3 billion in over 40 transactions since 1990. For more information, please visit www.capitalz.com . About Portfolio Founded in 1990, Portfolio’s primary business is turnkey reinsurance management of vehicle service contracts, warranties and other F&I products sold in the automotive dealership. Its top executives have specialized in reinsurance since the origination of the concept over 30 years ago. Portfolio is marketed to dealers through a nationwide network of professional independent agents and reinsurance specialists. The company also administers reinsured and non-reinsured warranty programs for other markets. Portfolio is based in Lake Forest, CA and Dallas, TX. More can be learned about Portfolio at www.PortfolioReinsurance.com . Tags: Portfolio, acquisition, Abry Partners, LLC, Capital Z, LLC, reinsurance, finance and insurance, extended warranty programs, auto dealership owners, Brent Griggs, Brent Stone, Bradley Cooper Media Contacts:

Capital Z Partners Investments

28 Investments

Capital Z Partners has made 28 investments. Their latest investment was in Minova Insurance as part of their Private Equity on June 6, 2014.

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Capital Z Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/5/2014

Private Equity

Minova Insurance

$50.7M

Yes

1

7/10/2012

Private Equity

Hamilton Insurance Group

$526.66M

Yes

2

9/21/2007

PIPE

Universal American Corp.

$350M

No

7/19/2004

Unattributed VC

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$99M

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0

6/19/2002

Series E

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$99M

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0

Date

6/5/2014

7/10/2012

9/21/2007

7/19/2004

6/19/2002

Round

Private Equity

Private Equity

PIPE

Unattributed VC

Series E

Company

Minova Insurance

Hamilton Insurance Group

Universal American Corp.

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Amount

$50.7M

$526.66M

$350M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

1

2

0

0

Capital Z Partners Portfolio Exits

15 Portfolio Exits

Capital Z Partners has 15 portfolio exits. Their latest portfolio exit was Portfolio Holding on December 03, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/3/2019

Acq - Fin - II

2

8/19/2019

Acq - Fin - III

3

10/1/2014

Acquired

2

2/2/2013

Acquired

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10

1/2/2013

Acquired

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$99M

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10

Date

12/3/2019

8/19/2019

10/1/2014

2/2/2013

1/2/2013

Exit

Acq - Fin - II

Acq - Fin - III

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

Acquirer

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Sources

2

3

2

10

10

Capital Z Partners Acquisitions

5 Acquisitions

Capital Z Partners acquired 5 companies. Their latest acquisition was Prestige Insurance Holdings on July 19, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/19/2018

$99M

Acq - Fin

2

6/30/2016

Other

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$99M

$99M

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10

6/30/2016

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$99M

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10

1/1/2015

Other

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$99M

$99M

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10

12/22/2004

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$99M

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0

Date

7/19/2018

6/30/2016

6/30/2016

1/1/2015

12/22/2004

Investment Stage

Other

Other

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

$99M

Note

Acq - Fin

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Sources

2

10

10

10

0

Capital Z Partners Fund History

2 Fund Histories

Capital Z Partners has 2 funds, including Capital Z Partners (Fidelis).

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/17/2020

Capital Z Partners (Fidelis)

$95M

1

9/18/2019

Capital Z Partners (Riverside)

$99M

10

Closing Date

6/17/2020

9/18/2019

Fund

Capital Z Partners (Fidelis)

Capital Z Partners (Riverside)

Fund Type

Status

Amount

$95M

$99M

Sources

1

10

Capital Z Partners Team

2 Team Members

Capital Z Partners has 2 team members, including current Founder, Steven Gluckstern.

Name

Work History

Title

Status

Steven Gluckstern

Founder

Current

Scott M. Delman

Founder

Former

Name

Steven Gluckstern

Scott M. Delman

Work History

Title

Founder

Founder

Status

Current

Former

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