Date of Investment: Dec 2020
Investment Structure: Majority Stake - Terms not disclosed
Vertical: Title Insurance
Headquarters: Maitland, FL
Bringing innovative solutions to the title insurance business
Westcor Land Title Insurance Company is the nation’s largest independent title insurance business. Founded by agents to bring innovative solutions to the title insurance agency market, Westcor focuses on delivering technology-driven products and services to support the continued success of independent title agents, their customers, and consumers. Westcor Land Title Insurance Company is rated B+ (Sound Financials) by Kroll and A” (A Double Prime) by Demotech Rating Inc.
Date of Investment: Oct 2018
Investment Structure: $150M -
Convertible Note (PIPE)
Date of Payment: August 2021
Vertical: Data & Analytics, BPM
Headquarters: New York, NY
Transforming business processes with data and analytics
EXL is a leading operations management and analytics company that designs and enables agile, customer-centric operating models to help clients improve their revenue growth and profitability. EXL serves the insurance, healthcare, banking and financial services, utilities, travel, transportation and logistics industries.
EXL is publicly traded on the NASDAQ with the ticker EXLS.
Date of Investment: April 2018
Investment Structure: $100M -
Growth Equity Investment
Vertical: Consumer Lending
Date of Exit: December 2021
Near-prime credit card issuer focused on providing fair and transparent credit products to an underserved segment of the US population
Fair Square Financial serves consumers with competitive credit card products under the
Ollo brand. The Company utilizes advanced analytics, data and modeling to identify segments of customers to whom it can provide a differentiated, superior solution. Ollo customers get clear and simple products, streamlined servicing and credit that grows with their needs.
Date of Investment: May 2017
Investment Structure: $108M -
Convertible Preferred (PIPE)
Vertical: IT Services
Date of Exit: February 2021
Providing next-gen digital transformation and modernization of legacy IT platforms to global enterprises
Virtusa Corporation is a global provider of digital business strategy, digital engineering, and information technology (IT) services and solutions that help clients change, disrupt, and unlock new value through innovation engineering. Virtusa serves Global 2000 companies in Banking, Financial Services, Insurance, Healthcare, Communications, Media, Entertainment, Travel, Manufacturing, and Technology industries. Baring Private Equity Asia completed a take-private of Virtusa in February 2021.