Aquiline Capital invests nearly $200 million in fintechs, leaning toward insurance

Aquiline Capital Partners LLC, a private equity firm investing in financial services, has closed its Aquiline Technology Growth Fund (ATG) with approximately $190 million in total capital commitments.

The company's goal was $150 million. The fund invests in technology and services companies that aim to impact the global insurance industry and financial services sector. Within these sectors, the fund targets specific areas, especially insurtech, which is one of the fastest-growing areas of investment within financial technology. ATG invested in Carpe Data, a provider of data and predictive analytics for tinsurers, in May.

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An unidentified woman prepares to enter the E*Trade Global builidng at 535 Madison Ave. in New York on February 17, 2000. Photographer: Samora Frank. Bloomberg News.

In January, Aquiline, based in New York, announced that Max Chee and Michael Cichowski joined the firm to develop ATG. They have since expanded their team of investment professionals to support the fund’s investment mandate.

“There are significant opportunities in financial services with technology impacting every aspect of the value chain for consumers and businesses,” said Chee. “As every sector of the economy becomes digitized, the insurance industry, in particular, is an area that will be profoundly impacted by technology over the next decade. It’s also an area where Aquiline’s deep expertise and expansive network of industry and investor relationships provides ATG with a distinct advantage.”

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