Acrisure, a fast-growing Fintech leader,, announced today that it has received additional funding to continue its global expansion. Acrisure raised $725 million Series B-2 preferred equity and was valued at $23 billion. This represents a 31% increase over its March 2021 preferred equity raise.
A wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) led the round, with participation from Guggenheim Investments on behalf of certain clients and Oak Hill Advisors (“OHA”).
The new funding will allow Acrisure to continue pursuing value-accretive acquisitions, grow its tech-enabled solutions, increase marketing and brand awareness, and invest in human and technological infrastructure to support industry‑leading growth. The new equity raise immediately reduces Acrisure’s net debt leverage by 0.6x.
“This investment is a testament to our strategic direction and ability to innovate and adapt to the needs of our customers,” Greg Williams, Co-Founder and CEO of Acrisure, said the following: “We are thrilled to partner with ADIA and OHA, premier, globally recognized investment institutions, and continue our work with Guggenheim. This transaction reaffirms how the market, and our partners, value the strength of our performance and trajectory for future growth.”
Hamad Shahwan Aldhaheri, Executive Director, Private Equities Department, ADIA, said: “Acrisure has grown at a rapid pace to become one of the world’s leading insurance brokers, and our investment aims to support the company as it continues to execute on its strategy. This transaction adds to our extensive portfolio of investments across the insurance industry value chain, a large and attractive market backed by long‑term growth trends.”
Acrisure was founded in 2005 and provides financial services solutions that are intelligence-driven for insurance, reinsurance, cyber services, asset and wealth management. Acrisure has achieved a 45.9% increase in total revenue and maintained its industry-leading acquisition speed, closing more 130 deals in 2021, thanks to its global and vertical expansion, the MGA acquisition strategy, and continued technology deployment. More than 75% of these deals are direct results of referrals made by members of the Acrisure Global Partner Network.