CNO Financial Group
CNO Financial Group, Inc. is a holding company that operates a range of insurance subsidiaries in the United States, focusing on health insurance, annuities, and individual life insurance products tailored for senior and middle-income consumers. The company markets its offerings through various channels, including career agents, independent producers, and direct marketing strategies. Its primary operating segments include Bankers Life, which provides Medicare supplement insurance and long-term care products; Washington National, specializing in supplemental health and life insurance; and Colonial Penn, known for its direct-to-consumer life insurance marketed through various media. CNO Financial also includes a Long-Term Care segment that is currently in runoff. Established in 1979 and headquartered in Carmel, Indiana, CNO Financial Group aims to meet the diverse insurance needs of its clients across the nation.
Top Stages
8 past transactions
Rialto Capital
Corporate Round in 2022
Rialto Capital Management LLC is a subsidiary of Lennar Corporation, focused on real estate investment and management. Established in 2007 and headquartered in Miami, Florida, Rialto specializes in investing in distressed residential and commercial real estate assets, as well as employing strategies for asset management and turnaround situations both domestically and internationally. The firm offers a range of services, including investment management, mortgage origination, and loan workouts, leveraging its comprehensive expertise in real estate and finance. Rialto also collaborates with institutional and high-net-worth investors to develop structured transactions and manage partnerships, positioning itself as a leader in the real estate investment sector.
Nayya
Series B in 2021
Nayya is a developer of a benefits experience platform aimed at helping employees manage their health and financial potential more effectively. By leveraging billions of data points and machine learning, Nayya provides personalized decision support and guidance during critical times such as open enrollment, new employee onboarding, and qualifying life events. The platform addresses the complexities and stress associated with selecting benefits, offering users clarity and control to make informed choices. By improving transparency and understanding in the benefits selection process, Nayya aspires to enhance the overall experience of consumers and their employers, fostering a sense of confidence and peace throughout the year.
DirectPath
Acquisition in 2021
DirectPath, LLC offers strategic employee engagement, compliance management, and benefits plan management services to Fortune 1000 employers and brokers. Founded in 2003 and based in Birmingham, Alabama, the company helps clients navigate the complex regulatory environment while enhancing employee participation in benefits programs. DirectPath specializes in personalized benefits education, health care transparency, and tax-advantaged reimbursement plan administration, delivering significant return on investment through efficient technology and management practices. In March 2016, the company changed its name from Enrollment Advisors, Inc. and currently operates as a subsidiary of Flores & Associates, LLC.
Fabric Technologies
Series B in 2020
Fabric Technologies, Inc. is a Brooklyn-based company that specializes in providing life insurance solutions aimed at helping families secure their financial future. Founded in 2015, Fabric simplifies the process of obtaining affordable term life insurance, while also offering essential services such as a last will and testament and tools for organizing family finances. The company’s life insurance application facilitates the approval of qualified applicants, and its online resources assist spouses and partners in managing vital financial accounts and policy information. Additionally, through its subsidiary, Fabric Insurance Agency, LLC, the company delivers comprehensive insurance agency services.
Human API
Series C in 2020
Human API is a health data network that facilitates the real-time sharing and viewing of health information across various platforms. Founded in 2013 and headquartered in San Mateo, California, the company connects consumers with their health data from a wide range of sources, including 90% of US hospitals, electronic medical records, pharmacies, labs, and over 300 wearable devices and wellness applications. The platform utilizes a machine learning-powered data pipeline to structure health data into a consistent format, making it accessible for medical researchers and scientists. Importantly, Human API empowers consumers by giving them full control over the sharing of their health information, while also providing companies with a streamlined method to access fragmented health data.
HealthCare.com
Series B in 2019
HealthCare.com is an online health insurance company that offers a data-driven shopping platform to assist American consumers in enrolling in individual health insurance and Medicare plans. Founded in 2014 and headquartered in New York City, the company utilizes artificial intelligence and machine learning to enhance user experiences, enabling customers to find, compare, and purchase insurance products that best meet their needs. HealthCare.com also markets proprietary health insurance and supplemental insurance products under the name Pivot Health. Its services include a comparison platform that provides expert advice, data, and personalized recommendations, empowering users to make informed decisions regarding their healthcare coverage. The company has been recognized as one of America's fastest-growing businesses, earning a spot on the Inc. 5000 list multiple times.
Web Benefits Design
Acquisition in 2019
Web Benefits Design Corporation is a leading national firm specializing in employee benefits technology, communication, and administration. Based in Orlando, Florida, the company was established in 2001 and operates as a subsidiary of CDOC, Inc. Web Benefits Design provides a cloud-based platform that offers customizable solutions for HR administration, compliance, and communications to manage employee benefits programs. Their services include online enrollment, benefit administration systems, ACA reporting, COBRA, and more, catering to both employers and brokers.
Tennenbaum Capital Partners
Funding Round in 2016
Tennenbaum Capital Partners, LLC, established in 1999, is a prominent alternative investment management firm specializing in credit opportunities. With approximately $5 billion in assets under management, the firm invests in both performing credit and special situations, including debtor-in-possession financing, convertible strategies, and event-driven opportunities. Tennenbaum has invested around $9 billion across over 170 portfolio companies since its inception. The firm is known for its continuity in management, with all five partners staying on following a majority stake acquisition by BlackRock in 2018.
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