Atlas Merchant Capital Fund
Opportunity in Financial Services
We believe that financial services is a compelling sector for investors based on:
the overall size of the market;
the relative underinvestment of private capital in the sector; and
the opportunity for a financial services sector specialist to achieve relative outperformance as compared to generalist investors in financial services.
Approach to Financial Services Investing
We believe that being specialists gives us a differentiated ability:
to see opportunities in financial services;
to have an impact on our portfolio companies;
to better manage risks, both operationally and structurally;
to respond to the needs of financial services regulators; and
to execute transactions involving significant co-investment & partnership.
Portfolio Companies
Cascadia Capital is a financial and strategic advisor to lower middle market companies, entrepreneurs, and family businesses
Date: November 14, 2022
Sector: Advisory
Cover Genius is a global embedded insurance platform that provides travel, car rental as well as shipping insurance and product warranties for the largest digital companies
Date: November 7, 2022
Sector: Insurance Services
Xpansiv is a premier market-infrastructure platform for global carbon and environmental commodities
Date: November 4, 2022
Sector: Exchange
MarshBerry is an investment banking and consulting firm serving the Insurance Distribution and Wealth Management industries
Date: January 10, 2022
Sector: Broker-dealer
Circle is a global financial technology firm that provides payments and treasury infrastructure for internet businesses
Date: May 28, 2021
Sector: Financial Technology
DPL Financial Partners is the first and leading RIA turnkey insurance management platform that brings commission-free insurance solutions from a variety of the nation's top carriers to RIA practices
Date: December 31, 2020
Sector: Insurance Services
Ascensus is the largest independent investment administrator for retirement, education, and employee healthcare plans in the United States, with more than $200bn in assets under administration
Date Realized: August 2021
Sector: Asset Management Services
Kepler Cheuvreux is an European, independent broker-dealer specializing in research, execution and advisory services. Its unique open architecture model has allowed it to develop Capital Markets partnerships with leading European banks
Date: November 13, 2018
Sector: Broker-dealer
Talcott Resolution is the U.S. life insurance and annuity business of The Hartford Financial Services Group, Inc. that was placed into run-off in 2012. Its primary blocks of business are variable annuities, fixed annuities, structured settlements and corporate owned life insurance. The Company is headquartered in Windsor, Connecticut
Date Realized: June 2021
Sector: Insurance
illimity is a publicly-traded Italian bank, created by the merger of Spaxs S.p.A. and Banca Interprovinciale, capitalized to create an Italian financial services firm focused on the small-to-medium enterprise and non-performing loan markets, as well as retail digital banking services
Date : January 29, 2018
Sector: Bank
Panmure Gordon and Company is a UK-based, middle-market corporate advisor and stock broker established almost 150 years ago. Its businesses include corporate finance and M&A, equity research, and institutional sales & trading
Date: July 18, 2017
Sector: Broker-dealer
Somerset Reinsurance Ltd. is a Bermuda-domiciled life reinsurer that provides reinsurance and capital solutions to life insurers, with a focus on in-force blocks of life, annuity, and other non-property and casualty risks
Date Realized: December 2022
Sector: Insurance
South Street Securities Holdings Inc. is a financial services firm that facilitates borrowing and lending transactions via repurchase agreements. South Street Securities LLC, a wholly-owned subsidiary, is a FINRA member broker-dealer
Date: June 29, 2015 and September 20, 2016
Sector: Broker-dealer
Praxia Bank is a specialist lender in Greece with a full commercial and retail banking license, as approved by the Single Supervisory Mechanism of the ECB.
Date Realized: August 2020
Sector: Banking