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Acrisure closes $725m equity funding, valuing business at $23b

By Edlyn Cardoza

June 01, 2022

  • Abu Dhabi Investment Authority
  • Acrisure
  • Acrisure Global Partner Network

Acrisure, FinTech, Insurance Broker, Preferred Equity, Abu Dhabi Investment Authority, Financial Services, Acrisure Global Partner Network, USAAcrisure, a fast-growing FinTech leader that operates a top-10 global insurance broker, recently announced that it has secured additional funding to fuel its ongoing global expansion further. Acrisure closed $725 million in Series B-2 Preferred Equity and received a $23 billion valuation, representing a 31% increase from its last preferred equity raise in March 2021.

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.

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,” said Greg Williams, Co-Founder, CEO and President of Acrisure. “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.”

Founded in 2005, Acrisure provides customers with intelligence-driven financial services solutions for insurance and reinsurance, real estate services, cyber services and asset and wealth management. Through its vertical and global expansion, managing general agent (MGA) acquisition strategy and continued tech deployment, Acrisure achieved 45.9% total revenue growth and maintained its industry-leading acquisition pace, closing more than 130 deals in 2021. As a credit to its partnership model and culture, more than 75% of these deals directly resulted from referrals from within the current Acrisure Global Partner Network.

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