Abu Dhabi Sovereign Wealth Fund Leads Series B-2 Preferred Equity Round in Acrisure
Posted on 05/31/2022
Grand Rapids, Michigan-based Acrisure, LLC, an insurance services company, secured additional funding to fuel its ongoing global expansion further. Acrisure closed US$ 725 million in Series B-2 Preferred Equity and received a US$ 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 (OHA).
Founded in 2005, Acrisure provides customers with financial services solutions for insurance and reinsurance, real estate services, and cyber services. Acrisure made a number of acquisitions in the first half of 2022. Acrisure acquired Summa Insurance Brokerage in March 2022.
