Mcgill And Partners, a leading independent specialty insurance and reinsurance broker, has been selected to join Warburg Pincus’s newly established multi-asset continuation fund. This strategic move by Warburg Pincus, a prominent global private equity firm and a key initial investor in McGill and Partners since its inception in 2019, signifies a strong endorsement of the broker’s impressive growth and future potential.
The $2.2 billion continuation fund, created by Warburg Pincus, encompasses a portfolio of high-performing assets, with McGill and Partners being a standout addition. This infusion of capital is designed to fuel further value creation for McGill and Partners and the other companies within the fund, essentially acting as a substantial capital raise to bolster the brokerage’s expansion.
This development marks a significant milestone for McGill and Partners, underscoring its attractiveness to major investors. The inclusion in the continuation fund particularly highlights the firm’s specialized approach within the insurance and reinsurance market and its unique growth strategy, which prioritizes talent acquisition over traditional business acquisitions. It also serves as a powerful validation of the substantial value McGill and Partners has generated in a relatively short period, recognized and affirmed by the esteemed investors backing this continuation fund.
McGill and Partners in Partnership with Warburg Pincus for Continued Growth
The inclusion in Warburg Pincus’s continuation fund reinforces the robust and ongoing partnership between McGill and Partners and the private equity giant. It further emphasizes Warburg Pincus’s unwavering commitment to supporting the independent broker’s business objectives and ambitious growth trajectory. The investment underscores the considerable opportunities and strong growth prospects that lie ahead for McGill and Partners in the global insurance and reinsurance landscape.
Currently operating with 11 offices across three continents and boasting a team of over 550 professionals, McGill and Partners distinguishes itself by offering equity stakes to all its colleagues. This model fosters a strong sense of ownership and shared success within the company. Following the completion of the continuation fund transaction, employees will maintain their significant equity holdings, ensuring continued alignment and motivation as the company moves forward.
Steve McGill, Founder and CEO of McGill and Partners, commented on this significant development: “This investment is a resounding endorsement of the exceptional progress and dedication of our talented team in building McGill and Partners from the ground up over the past five years.”
“As the fastest-growing global specialty firm in our sector, we are incredibly enthusiastic about the significant opportunities for continued expansion. This potential has been clearly recognized by the discerning investors participating in this prestigious continuation fund. We are delighted to continue our partnership with Warburg Pincus as we collectively drive McGill and Partners towards even greater achievements.”
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