Reverence Capital Partners

It was a pleasure to attend the?8th Edition of the?Future Investment Initiative (FII) Institute Conference in Riyadh last week. I enjoyed?participating in a panel led by Ellie Rubenstein where we explored the future of private equity and discussed how Reverence Capital is approaching the current environment. In addition, it was my privilege?to join the Saudi-U.S. CEO Roundtable Meeting led by H.E. Khalid Al-Falih, the Minister of Investment for Saudi Arabia, for a dynamic conversation around expanding the U.S.-Saudi economic relationship. Thank you to the FII Institute, the Public Investment Fund team, and H.E.?Yasir Al-Rumayyan for hosting such an outstanding conference.

We are proud to be recognized by Wealth Solutions Report as one of the top #PrivateEquity and capital growth partners in #WealthManagement. At Reverence Capital Partners, wealth management is one of our core areas of focus. We understand the levers necessary for success in the sector and remain committed to supporting our partner companies and future opportunities.? Please find the full article here: https://lnkd.in/gyFRqmaB

Congratulations to the CAIS team led by Matt Brown for hosting another terrific CAIS Alternatives Investment Summit in LA. We are proud to support their mission to democratize access to experienced alternative asset managers by participating in two exciting panels: Milton Berlinski, (Co-Founder & Managing Partner) spoke about the future of #WealthManagement, evolving market trends and the important role #PrivateEquity firms like Reverence Capital Partners continue to play in supporting industry growth. Joshua Swidler (Co-CIO, Credit) spoke about the future of #PrivateCredit in our current macroeconomic regime, covering recent shifts in market dynamics, strategies for managing risk and returns, and the go-forward opportunity-set. Photos from their sessions are below.?

Congratulations to the New America Alliance for an informative and impactful Symposium in Mexico City where we explored the future of Asset & Investment Fund Management.? ? I was privileged to engage in a fireside chat with Jude Perez, Deputy CIO of the Los Angeles County Employees Retirement Association (LACERA), where we discussed Reverence’s investment process and risk management, which serves as a model for other fund managers starting off in the industry. We were excited to share both our best practices and lessons learned as we have grown. Reverence Capital Partners is proud to support the New America Alliance and its commitment to supporting Latino leadership in corporate America!

Reverence Capital Partners is pleased to announce we have closed on the acquisition of a majority stake in Sunstar Insurance Group, a leading independent retail insurance broker. Sunstar is a Memphis-based retail insurance brokerage platform focused on the Southeast and Midwest United States. The company operates an integrated hub-and-spoke model, providing Commercial P&C, Personal P&C and Employee Benefits insurance brokerage services to small and medium sized businesses and individuals. Sunstar is ranked as the 30th largest independent insurance agency in the U.S. Since the July 1, 2024 announcement, Reverence has been preparing to work closely with management to best position the business for its next chapter of growth. The Company has continued to achieve strong organic growth and has successfully closed on 5 accretive acquisitions year-to-date. We are looking forward to a successful partnership with Sunstar and team.

Reverence Capital Partners is pleased to announce that Transact Campus, a portfolio company of Reverence Capital Partners Opportunities Funds I & II, today announced its sale to Roper Technologies, Inc. (Nasdaq: ROP) for $1.6 billion. Transact will be combined with Roper’s CBORD business, a provider of access & security and campus commerce solutions for acute healthcare and senior living facilities, higher education institutions, and K-12 school districts. Transact CEO Nancy Langer will lead the combined business, while Transact customers will continue to utilize their existing Transact? products and services. As a part of the transaction, Reverence Capital Partners, which acquired Transact from Blackboard Inc. in 2019 and has since held a majority stake, will sell its stake to Roper. This successful sale validates the Reverence investment thesis and thematic approach to Financial Services and demonstrates Reverence’s ability to successfully manage complex transactions, including carve-outs, support business growth through organic investments and M&A, and generate attractive returns for our Limited Partners.? We thank the Transact team for their hard work and congratulate them on this important event.

A picture-perfect day for the Reverence Capital Partners Summer Outing!?Started with golf, tennis, cycling, a vineyard tour and ended with a wonderful oceanfront team dinner with s’mores.?Very proud of our growing team!

This morning, Milton Berlinski, co-founder and managing partner at Reverence Capital Partners, joined BNN Bloomberg to share his outlook for U.S. regional banks. Click below for video: https://lnkd.in/eY8mmm5M

Reverence Capital Partners has entered into a definitive agreement to acquire Envestnet, Inc (NYSE: ENV) with Bain Capital. In addition, BlackRock, Franklin Templeton, Fidelity Investments, and State Street Global Advisors will participate as strategic investors in the transaction. Envestnet is a leading wealth technology platform that has provided integrated technology, intelligent data, and wealth solutions to the wealth management industry for 25 years. The Company has over $6 trillion in platform assets, oversees nearly 20 million accounts, and enables more than 109,000 financial advisors, 17 of the 20 largest U.S. banks, 48 of the 50 largest wealth management and brokerage firms, as well as more than 500 of the largest RIAs to better meet clients’ financial goals. This partnership between Reverence Capital and Bain Capital will allow Envestnet, as a private company, to further elevate its market-leading platform. Our investment in Envestnet demonstrates Reverence Capital’s thematic investing approach, deep reach, and expertise in the wealth management sector. Read the full announcement here:

A Kirkland team led by corporate partners Mark Fennell, Kevin Mausert and Nicholas Cast advised Reverence Capital Partners on its definitive agreement to acquire a majority stake in Sunstar Insurance Group, LLC.