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.

Paul H. McDonough

CFO

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 that aims to simplify the process of selecting and utilizing employee benefits. By leveraging machine learning and extensive data analysis, the platform provides personalized decision support during critical moments such as open enrollment, new employee onboarding, and qualifying life events. Nayya's goal is to alleviate the stress associated with choosing benefits, allowing employees to gain greater control and understanding of their health and financial options. The platform targets both consumers and employers, promoting a more transparent and effective benefits experience that enhances overall employee satisfaction and confidence.

DirectPath

Acquisition in 2021
DirectPath is an industry leader in strategic employee engagement and health care compliance for Fortune 1000 employers. Its customers experience significant ROI on their benefits investments through increased employee participation, management of the evolving regulatory environment and reduced cost through efficient benefits plan management technology. DirectPath is a Century Equity Partner portfolio company and is headquartered in Birmingham with offices throughout the country. For more information.

Fabric Technologies

Series B in 2020
Fabric Technologies, Inc. specializes in providing accessible life insurance solutions aimed at helping families secure their financial future. The company offers affordable term life insurance, along with essential tools such as a last will and testament and financial organization resources. Its life insurance application facilitates the approval process for qualified applicants, while online tools assist spouses and partners in managing important financial accounts and life insurance policy information. Additionally, through its subsidiary, Fabric Insurance Agency, LLC, the company provides insurance agency services. Established in 2015 and headquartered in Brooklyn, New York, Fabric Technologies is focused on simplifying life insurance for new parents.

Human API

Series C in 2020
Human API is a digital health data network that allows consumers to easily access and share their health information from various sources, including hospitals, electronic medical records, pharmacies, labs, and wearable devices. Founded in 2013 and based in San Mateo, California, the company connects to data from 90% of US hospitals and over 300 wellness applications. The platform employs a machine learning-powered data pipeline to standardize health data, making it more accessible and actionable for medical researchers and scientists. Importantly, it empowers consumers to maintain control over their personal health data, determining which companies can access their information. This streamlined approach addresses the challenges of fragmented health data sources, facilitating efficient data sharing and utilization in the healthcare ecosystem.

HealthCare.com

Series B in 2019
HealthCare.com is an online health insurance company that offers a data-driven platform for American consumers to easily compare and enroll in individual health insurance and Medicare plans. Founded in 2014 and headquartered in New York City, the company provides a user-friendly service that leverages artificial intelligence and machine learning to deliver personalized experiences. Its offerings include a comprehensive comparison of healthcare products and services, expert advice, and access to proprietary health insurance and supplemental insurance products marketed under the name Pivot Health. HealthCare.com has been recognized multiple times on the Inc. 5000 list as one of America's fastest-growing companies, and it is supported by investors, including executives from well-known travel companies.

Web Benefits Design

Acquisition in 2019
Web Benefits Design Corporation is a national provider of employee benefits technology and administration solutions, headquartered in Orlando, Florida. Founded in 2001, the company specializes in offering a cloud-based platform that enables organizations to customize their employee benefits programs. Its comprehensive suite of services includes online enrollment, benefit administration, compliance support, and communication tools, designed to streamline the management of employee benefits. By partnering with employers and brokers, Web Benefits Design has developed innovative solutions that address the complexities of benefits administration, including ACA reporting and COBRA management. As a subsidiary of CDOC, Inc., the company continues to enhance its offerings to meet the evolving needs of human resource professionals and employees.

Tennenbaum Capital Partners

Funding Round in 2016
Tennenbaum Capital Partners, LLC (TCP) is a prominent alternative investment management firm established in 1999, specializing in credit opportunities. The firm has invested approximately $9 billion in over 170 portfolio companies through various strategies, including direct lending, buyouts, special situations, and corporate divestitures. TCP also engages in venture debt, rescue loans, and acquisition financing, catering to a diverse range of sectors such as aerospace and defense, automotive, business services, energy, and financial services. With around $5 billion in capital under management, Tennenbaum Capital Partners focuses on delivering tailored investment solutions for global institutional investors.
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