Investments
26Portfolio Exits
9Funds
3About Pine Brook
Pine Brook is a New York-based private equity firm that makes equity investments in new and growing energy and financial services businesses. Pine Brook partners with experienced entrepreneurs and talented management teams to build sustainable, profitable businesses.

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Latest Pine Brook News
Apr 5, 2023
Bharath Srikrishnan will continue to lead experienced Financial Services investment team News provided by Share this article Share this article NEW YORK and GREENWICH, Conn., Feb. 19, 2021 /PRNewswire/ -- BharCap Partners, LLC ("BharCap") announced the spin-out of its team from Pine Brook Road Partners ("Pine Brook"), forming an independent private investment firm focused on the financial services industry. BharCap was founded by Bharath Srikrishnan, Ethan Wang, Jim Rutherfurd1, Kevin Becker and Ryan Gean. All five of the BharCap founders previously worked together at Pine Brook. BharCap is a minority-owned and controlled firm and is one of the largest start-up minority-owned and controlled private investment firms in the industry. BharCap has access to $1.8 billion of available client capital, $352 million of which represents funded assets under management, $318 million of which is unfunded allocations to existing portfolio companies and $1.1 billion of which is available for new investments2. BharCap launches as one of the largest minority-owned private investment firms BharCap founder and Managing Partner Bharath Srikrishnan said "We are honored and excited to have the opportunity to launch BharCap, and thankful to Pine Brook and all our investors for their support. We look forward to continuing to back great executives seeking to capitalize on powerful industry trends in the financial services industry. We are proud that BharCap will represent a sizable, new minority-owned investment firm." Pine Brook CEO Howard Newman noted "The BharCap team did a great job for Pine Brook for several years, including during the pandemic over the past year. They will remain involved with their Pine Brook portfolio companies, which will allow Pine Brook to manage its portfolio without interruption and will give our portfolio companies continued access to these talented investors. We look forward to continuing to work with them and wish them the best of luck with their new firm." BharCap is targeting investments of between $50 million to $350 million and is focused on the following financial services sub-sectors: specialty finance; asset and wealth management; insurance and insurance services; financial technology and tech-enabled business services. BharCap has the ability to invest across the capital structure from senior secured debt to common equity and has the expertise to invest in existing entities or start new companies. In addition, BharCap can provide long duration commitments (e.g., 7 to 10 years) to select specialty finance companies and other asset generators. About BharCap BharCap Partners, LLC ("BharCap") ( www.bharcap.com ) is a private investment firm investing in businesses across the financial services sector. Members of the BharCap team have been involved with investments totaling over $1.0 billion in numerous financial services companies dating back to 2004. BharCap currently has access to $1.8 billion of client capital and invests across the capital structure in debt securities, equity securities and financial assets. 1 Jim Rutherfurd will join BharCap on or around April 1, 2021. 2 Data as of December 31, 2020. SOURCE BharCap Partners
Pine Brook Investments
26 Investments
Pine Brook has made 26 investments. Their latest investment was in Better Mortgage as part of their Series C - IV on August 8, 2019.

Pine Brook Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
8/19/2019 | Series C - IV | Better Mortgage | $65M | No | 4 | |
1/31/2019 | Series C | Better Mortgage | $70M | No | 2 | |
12/15/2017 | Private Equity | ATX Energy Partners | $780M | Yes | 1 | |
3/31/2017 | Line of Credit | |||||
3/24/2017 | Private Equity |
Date | 8/19/2019 | 1/31/2019 | 12/15/2017 | 3/31/2017 | 3/24/2017 |
---|---|---|---|---|---|
Round | Series C - IV | Series C | Private Equity | Line of Credit | Private Equity |
Company | Better Mortgage | Better Mortgage | ATX Energy Partners | ||
Amount | $65M | $70M | $780M | ||
New? | No | No | Yes | ||
Co-Investors | |||||
Sources | 4 | 2 | 1 |
Pine Brook Portfolio Exits
9 Portfolio Exits
Pine Brook has 9 portfolio exits. Their latest portfolio exit was Cahill Services on May 31, 2022.
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 |
---|---|---|---|---|---|
5/31/2022 | Acquired | 1 | |||
Date | 5/31/2022 | ||||
---|---|---|---|---|---|
Exit | Acquired | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 1 |
Pine Brook Acquisitions
6 Acquisitions
Pine Brook acquired 6 companies. Their latest acquisition was The Thoreau Club on May 20, 2022.
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 |
---|---|---|---|---|---|---|
5/20/2022 | Acq - Fin | 1 | ||||
2/19/2020 | ||||||
12/6/2017 | ||||||
3/30/2017 | ||||||
2/25/2011 |
Date | 5/20/2022 | 2/19/2020 | 12/6/2017 | 3/30/2017 | 2/25/2011 |
---|---|---|---|---|---|
Investment Stage | |||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acq - Fin | ||||
Sources | 1 |
Pine Brook Fund History
3 Fund Histories
Pine Brook has 3 funds, including Pine Brook Capital Partners II.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
2/14/2014 | Pine Brook Capital Partners II | Buyouts & Acquisitions | Closed | $2,430M | 1 |
12/16/2009 | Pine Brook Essent Co-Invest LP | ||||
3/31/2009 | Pine Brook Road Partners LP |
Closing Date | 2/14/2014 | 12/16/2009 | 3/31/2009 |
---|---|---|---|
Fund | Pine Brook Capital Partners II | Pine Brook Essent Co-Invest LP | Pine Brook Road Partners LP |
Fund Type | Buyouts & Acquisitions | ||
Status | Closed | ||
Amount | $2,430M | ||
Sources | 1 |
Pine Brook Team
23 Team Members
Pine Brook has 23 team members, including , .
Name | Work History | Title | Status |
---|---|---|---|
Michael E. Mcmahon | Founder | Current | |
Name | Michael E. Mcmahon | ||||
---|---|---|---|---|---|
Work History | |||||
Title | Founder | ||||
Status | Current |
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