Pine Brook

Pine Brook Road Partners, LLC is a private equity and venture capital firm based in New York, with an additional office in Houston, Texas. Established in 2006, the firm specializes in providing equity to new and growing businesses, primarily focusing on the energy and financial services sectors. In the energy sector, Pine Brook emphasizes investments in oil and natural gas exploration, production, oilfield services, and renewable energy sources. In financial services, it concentrates on fintech, commercial banking, and specialty insurance, while also addressing cyclical opportunities related to regulatory constraints and credit conditions. The firm typically invests between $100 million and $500 million and aims for a majority stake in its portfolio companies, with a particular interest in capital-intensive industries globally, especially in the Alberta region.

Richard Aube

Co-President

Jason Berg JD

Principal, Energy Investment Team

Nicholas Chew

Managing Director

Dustin DeWitt

Associate

Connor Johns

Vice President, Energy Investment Team

Howard H. Newman

Managing Partner

Gabriel Reyes

Associate, Financial Services and Energy

Cody Sheedy

Associate, Financial Services and Energy

Bharath Srikrishnan

Managing Director

Stukov, Elan

CFO and CCO

41 past transactions

GR Energy Services

Private Equity Round in 2021
GR Energy Services, LLC specializes in providing wire line logging and perforating services to oil and gas companies operating in key U.S. basins, including the Anadarko, Barnett, Eagle Ford, Marcellus, Utica, and Permian. The company offers a range of logging services such as casing collar locator, cement bond logging, and multi-finger caliper, alongside perforating services including wire line and tubing conveyed perforating. Additionally, GR Energy Services delivers mechanical services that encompass various tools and operations like chemical cutters and wire line fishing. Based in Sugar Land, Texas, the company has operational locations in Martin's Ferry, Ohio, and various cities in Texas, including Midland and Pleasanton. Its focus on production solutions also extends to gas lift services and water management, aiming to enhance operational efficiency and reduce costs for its clients in the oil and gas sector.

Better.com

Series C in 2019
Better.com democratized the home-financing ecosystem, replacing it with a digitized process that eliminates commissions, fees, unnecessary steps, and time-wasting branch appointments. In addition to providing mortgage rates in seconds, Better.com’s platform offers a digital marketplace featuring competitive quotes from an array of insurance providers for the seamless purchase of a homeowner's insurance policy and instant access to leading real estate agents across the country. To date, Better.com has done $7.9B in home loans and $1B in insurance.

Clear Blue Insurance Co.

Private Equity Round in 2018
Clear Blue Insurance Co., formerly known as RLI Indemnity Company until its rebranding in December 2015, operates as a subsidiary of Clear Blue Financial Holdings LLC. The company specializes in property and casualty insurance services, focusing on non-risk-bearing insurance operations. It provides commercial insurance fronting and related services for admitted property and casualty, as well as excess and surplus lines. By addressing increased capacity and inefficiencies in the insurance market, Clear Blue aims to offer security against damages and losses, thereby enhancing the overall effectiveness of its insurance offerings.

Talcott Resolution Life

Private Equity Round in 2018
Talcott Resolution is an independent life insurance company based in Windsor, Connecticut, founded in 1996. The company specializes in providing life insurance and annuity services, focusing on financial security for its clients. With a management portfolio exceeding $90 billion in liabilities and surplus, Talcott Resolution serves approximately 900,000 customers, including nearly 600,000 annuity contract holders. The firm leverages extensive product knowledge and robust risk and capital analytics to assist clients in transferring risk and managing capital effectively, particularly during challenging financial circumstances. Through its commitment to prudent risk management and the expertise of its personnel, Talcott Resolution aims to enhance its growth and maintain a legacy of financial stability.

Fair Square Financial

Private Equity Round in 2018
Fair Square Financial Holdings LLC specializes in offering competitive credit card products to consumers, primarily under the Ollo brand. Incorporated in 2016 and based in Wilmington, Delaware, the company provides various credit cards, including the Platinum MasterCard, which offers credit, and the Rewards MasterCard, which enables customers to earn cash back on purchases. Fair Square Financial employs advanced technology, data analytics, and modeling techniques to evaluate credit risk at an individual level, allowing for the identification of specific customer segments. This data-driven approach enables the company to deliver unique and differentiated credit products while effectively targeting its market through established marketing channels, including direct mail and digital affiliates.

Brigham Minerals

Private Equity Round in 2018
Brigham Minerals, Inc. is a mineral acquisition company that specializes in acquiring oil and gas mineral rights across the continental United States. The company predominantly holds mineral and royalty interests in several key regions, including the Permian Basin in Texas and New Mexico, the South Central Oklahoma Oil Province and the Anadarko Basin in Oklahoma, the Denver-Julesburg Basin in Colorado, and the Williston Basin in North Dakota. As of the end of 2019, Brigham Minerals owned interests in approximately 57,800 net mineral acres and had stakes in nearly 5,000 productive horizontal wells, encompassing both oil and natural gas. The company was founded in 2012 and is headquartered in Austin, Texas.

Forge Energy

Private Equity Round in 2018
Forge Energy is an independent exploration and production company that offers crude oil, natural and liquid gas, and other oil products. It focuses on value creation through acquisition and leasing, consolidation, and exploitation of mature oil and gas producing properties in the central United States.

ATX Energy Partners

Private Equity Round in 2017
ATX Energy Partners is a privately held oil and gas company focused on using advanced technologies to identify and develop unconventional, liquids rich resource plays. Headquartered in Austin, Texas, ATX was founded by the former management team members from Brigham Resources, LLC following the company’s sale of substantially all of its southern Delaware Basin assets to diamondback energy for $2.55 billion. At the time of the sale to Diamondback in February 2017, Brigham Resources was producing 8,500 Boe per day from its 80,185 net acres located in Pecos and Reeves counties, Texas. Their management team has a long history of identifying, acquiring, delineating and developing early stage domestic resource plays. Prior to forming Brigham Resources, a subset of their management team oversaw the identification, acquisition, delineation and development by Brigham Exploration Company of approximately 375,000 net acres in the Williston Basin prior to its December 2011 sale to Statoil ASA for $4.4 billion. At present, ATX is evaluating resource opportunities in the U.S. Lower 48. Historically, the team has focused on early stage “frontier” opportunities that lack meaningful horizontal drilling validation, but would also consider partially delineated opportunities that have yet to fully benefit from an optimal drilling and completion formula. Going back to work in the Permian Basin and/or the Williston Basin would be two obvious alternatives, given the ATX team’s success in both of those basins. ATX is also currently evaluating opportunities in selected basins in the Rockies.

Origin Bank

Private Equity Round in 2017
Origin Bank is a Louisiana-chartered financial institution that has been serving customers since 1912. Formerly known as Community Trust Bank, it operates across Louisiana, Texas, and Mississippi, providing a comprehensive range of banking products and services for individuals, small businesses, and large corporations. The bank offers various checking and savings accounts, including interest-bearing options, as well as individual retirement accounts and certificates of deposit. In addition to traditional banking services, Origin Bank provides a variety of loan products, including conventional, FHA, USDA, and VA loans, as well as investment services such as brokerage accounts and investment management. The bank also focuses on business needs, offering specialized accounts, commercial loans, and credit services. With a commitment to blending industry expertise with modern banking solutions, Origin Bank aims to make banking accessible and convenient for its customers, both online and in-person.

Trinitas Capital Management

Private Equity Round in 2017
Trinitas Capital Management, LLC is a credit-focused investment management firm based in Dallas, Texas, established in 2015. The company specializes in investing in senior secured bank loans and employs a strategy centered on collateralized loan obligation (CLO) issuance and management. Trinitas engages in various activities including loan acquisition, origination, credit analysis, portfolio management, and trading. Additionally, the firm is involved in CLO deal structuring and compliance, positioning itself as a key player in the banking industry with a focus on effective credit investment strategies.

Triumph Capital Advisors

Acquisition in 2017
Triumph Capital Advisors, based in Dallas, Texas, is a credit-focused investment management firm, with emphasis on managing syndicated bank loans. Its team of talented professionals has deep experience in investing in and managing bank loans, loan acquisition, loan origination, credit analysis, portfolio management, trading, collateralized loan obligation (CLO) investing, and CLO deal structuring and compliance. Triumph Capital Advisors has approximately $2.1 billion of assets under management. Triumph Capital Advisors is a member of the Triumph Bancorp, Inc. group (NASDAQ: TBK). Headquartered in Dallas, Texas, Triumph Bancorp operates a portfolio of community banking, commercial finance and asset management companies serving individuals and enterprises in markets throughout the United States.

Admiral Permian Resources

Private Equity Round in 2017
Admiral Permian Resources is a privately held exploration and production company dedicated to acquiring and developing oil and gas properties in the Permian Basin, particularly in Northwest Reeves and Northeast Culberson Counties, Texas. The company's strategy emphasizes the use of advanced technologies to discover and enhance oil-rich resource properties. With a management team that possesses extensive experience in the oil and gas sector, primarily within the Permian Basin, Admiral aims to maximize value through its operations. The company is headquartered in Midland, Texas, and has an additional office in Austin, Texas.

Better.com

Series B in 2017
Better.com democratized the home-financing ecosystem, replacing it with a digitized process that eliminates commissions, fees, unnecessary steps, and time-wasting branch appointments. In addition to providing mortgage rates in seconds, Better.com’s platform offers a digital marketplace featuring competitive quotes from an array of insurance providers for the seamless purchase of a homeowner's insurance policy and instant access to leading real estate agents across the country. To date, Better.com has done $7.9B in home loans and $1B in insurance.

Better.com

Series A in 2016
Better.com democratized the home-financing ecosystem, replacing it with a digitized process that eliminates commissions, fees, unnecessary steps, and time-wasting branch appointments. In addition to providing mortgage rates in seconds, Better.com’s platform offers a digital marketplace featuring competitive quotes from an array of insurance providers for the seamless purchase of a homeowner's insurance policy and instant access to leading real estate agents across the country. To date, Better.com has done $7.9B in home loans and $1B in insurance.

Belmont Green

Private Equity Round in 2016
Belmont Green Finance Limited, established in 2015 and headquartered in London, specializes in residential mortgage lending services. The company focuses on providing mortgage products tailored for under-served customers, including the self-employed and individuals with multiple jobs, who often do not meet the criteria set by mainstream lenders. By addressing the needs of these communities, Belmont Green aims to enhance access to mortgage financing and support home ownership for a broader range of borrowers.

Brigham Resources

Private Equity Round in 2016
Brigham Resources is a privately held oil and gas exploration company founded by Bud Brigham and Gene Shepherd, along with former management team members from Brigham Exploration Company. The firm specializes in the exploration and production of oil and gas, concentrating on the development of unconventional, liquids-rich resource plays. Brigham Resources employs advanced technologies to identify and capitalize on early-stage oil and gas opportunities while acquiring mineral interests in onshore regions of the United States.

Cahill Services

Private Equity Round in 2015
Cahill Services is a provider of rental services to customers in the oil & gas, refining, industrial, petrochemicals, utilities, and related industries where a high level of technical knowledge of the business and customer needs is required Cahill management includes George Walker, Chief Executive Officer; Derek Foster, Chief Financial Officer; Keith Sanner, Chief Operating Officer; and Dennis Haller, Chief Sales and Marketing Officer, who have more than 100 years of combined experience in the specialty rental industry. Cahill is backed by a $100 million line of equity from Pine Brook. It was headquartered in Houston, Texas in 2015.

Fidelis Insurance Holdings

Private Equity Round in 2015
Fidelis Insurance is a global property and casualty (re)insurance company that provides tailored coverage across various specialist lines. The business is organized into three main underwriting segments: Bespoke, Specialty, and Reinsurance. The Bespoke segment focuses on credit and political risk, offering customized solutions such as transactional liabilities and credit insurance. The Specialty segment encompasses property direct and facultative, energy, marine, and aviation lines. Lastly, the Reinsurance segment primarily deals with property reinsurance. Fidelis Insurance aims to deliver effective coverage while maintaining a strong balance sheet, positioning itself as a reliable partner in the (re)insurance market.

Kapitus

Private Equity Round in 2014
Kapitus is a financial institution headquartered in Arlington, Virginia, specializing in providing financing solutions for small and medium-sized businesses. Founded in 2006 and previously known as Strategic Funding, Kapitus operates both as a direct lender and a marketplace that connects business owners with a network of trusted lending partners. The company offers a variety of financial products, including revenue-based financing, small business loans, equipment financing, and purchase order financing. By streamlining the application process, Kapitus enables business owners to secure the funding they need efficiently, allowing them to focus on managing their operations without the stress of navigating multiple lenders. The firm serves a diverse range of industries, including energy, healthcare, information technology, manufacturing, and restaurants.

Saguaro Resources

Private Equity Round in 2013
Saguaro Resources focuses on the exploration, acquisition, and development of tight oil and liquid-rich gas fairways. Saguaro Resources is pursuing exploration, acquisition, and development opportunities in unconventional light oil and liquids-rich natural gas play in the Western Canadian Sedimentary Basin. It was founded in 2012 and headquartered in Calgary, Alberta.

Global Atlantic

Private Equity Round in 2013
Global Atlantic Financial Group is a leader in the U.S. life insurance and annuity industry, serving the needs of individuals and institutions. With differentiated investment and risk management capabilities, deep client relationships, and a strong financial foundation, the company has established a track record of delivering proven, value-added solutions and long-term growth. Global Atlantic is a majority-owned subsidiary of KKR, a leading global investment firm that offers alternative asset management across multiple strategies and capital markets solutions. KKR’s parent company is KKR & Co. Inc. (NYSE: KKR).

Brigham Resources

Seed Round in 2013
Brigham Resources is a privately held oil and gas exploration company founded by Bud Brigham and Gene Shepherd, along with former management team members from Brigham Exploration Company. The firm specializes in the exploration and production of oil and gas, concentrating on the development of unconventional, liquids-rich resource plays. Brigham Resources employs advanced technologies to identify and capitalize on early-stage oil and gas opportunities while acquiring mineral interests in onshore regions of the United States.

Elevation Resources

Private Equity Round in 2013
Elevation Resources LLC is engaged in the acquisition and development of unconventional oil and natural gas resources primarily in the Permian Basin. Founded in 2013 and based in Midland, Texas, the company specializes in developing both acquired and leased acreage across various regions, including the Southern Midland Basin and the Southern and Northern Delaware Basins. Elevation Resources offers services related to oil and gas property acquisition, leasing, exploration, and the implementation of multi-stage hydraulic fracturing techniques. The company aims to capitalize on horizontal drilling opportunities to optimize resource extraction in conventional and unconventional reservoirs.

Common Resources

Private Equity Round in 2012
Common Resources is an independent oil and gas exploration and production company. Common Resources focuses on creating value through the drillbit in multiple onshore U.S. basins.

Third Point Reinsurance

Private Equity Round in 2012
Third Point Reinsurance Ltd., through its class 4 reinsurance company, Third Point Reinsurance Company Ltd. (together, "Third Point Re"), is a Bermuda-based specialty property and casualty reinsurer with a reinsurance and investment strategy that we believe differentiates us from our competitors. Third Point Reinsurance strategy is to be highly opportunistic and disciplined. Substantially all of our investable assets are managed by our investment manager, Third Point LLC, which is wholly owned by Daniel S. Loeb, one of our founding shareholders. Third Point LLC is an SEC-registered investment adviser headquartered in New York, managing $12.9 billion in assets as of April 30, 2013. We directly own our investments, which are held in a separate account and managed by Third Point LLC on substantially the same basis as its main hedge funds, including Third Point Partners L.P., the original Third Point LLC hedge fund.

AloStar

Seed Round in 2011
AloStar is a full-service financial institution that works to help build other financial institutions.

Aeolus Re

Private Equity Round in 2011
Aeolus provides customised solutions within the retro and reinsurance markets that deliver value to their clients and investors. They offer proprietary modelling and research on natural catastrophes and climate change to underpin their underwriting approach.

United Pan Am Financial Corp

Acquisition in 2010
The Company is a diversified specialty finance company engaged primarily in originating and acquiring for investment or sale residential mortgage loans, personal automobile insurance premium finance contracts and retail automobile installment sales contracts. The Company targets customers who generally cannot obtain financing from traditional lenders. These customers usually pay higher loan origination fees and interest rates than those charged by traditional lenders to gain access to consumer financing. The Company believes that management's experience in originating, assessing, pricing and managing credit risk enables the Company to earn attractive risk-adjusted returns. The Company has funded its operations to date principally through retail deposits, FHLB advances and whole loan sales at the Bank, and its first securitization of mortgage loans completed in December 1997. The Company's strategy is to undertake controlled geographic expansion of its existing businesses, with particular emphasis in the near term on the national expansion of its mortgage finance operations, and to evaluate possible entry into additional specialty finance businesses which provide the opportunity for attractive risk-adjusted returns.

Green Bank

Private Equity Round in 2010
Green Bank is a preferred provider for business and personal banking products and services, the employer of choice in Texas banking and a champion for our communities.

Essent Guaranty

Private Equity Round in 2009
Essent Guaranty is an insurance firm that focuses on risk management and solutions.

Essent Group

Private Equity Round in 2009
Essent Group Ltd. (NYSE: ESNT) is a Bermuda-domiciled holding company. Through its subsidiaries, Essent Group serves the housing finance industry by offering mortgage insurance, reinsurance and risk management products to mortgage lenders and investors to support homeownership. Essent provides private capital to bear mortgage credit risk, enabling lenders and mortgage investors to make mortgage financing available for homeowners.

Narragansett Bay Insurance Company

Private Equity Round in 2008
Narragansett Bay Insurance Company (NBIC) is a leading provider of homeowners' insurance products, primarily serving clients along the Eastern seaboard of the United States. The company specializes in offering a range of insurance solutions designed to deliver value in challenging markets. Its product offerings include homeowners insurance, personal umbrella policies, home system protection, service line coverage, and tenant insurance. By focusing on these specialized services, NBIC aims to help clients protect their homes and mitigate potential losses.

Aurigen Capital

Private Equity Round in 2007
Aurigen Capital Limited (“Aurigen”) is an insurance holding company that was formed in 2007 with a capital facility in excess of $500 million. Aurigen provides risk and capital management solutions tailored to specific customer needs, with our core business being the reinsurance of life insurance policies of North American residents. Aurigen is an organization of highly experienced, customer-centric, seasoned professionals who listen actively and respond quickly. Our creative solutions are backed by rigorous analytical methodology. We bring a modern approach to risk evaluation, unencumbered by legacy issues. An efficient capital structure allows for more competitive pricing to our customers, as well as more return potential for our shareholders. Aurigen’s recent expansion into the US is a significant step in its evolution to being a valued North American life reinsurer with a long-term goal of becoming a prominent, international life reinsurance group.

Common Resources

Private Equity Round in 2007
Common Resources is an independent oil and gas exploration and production company. Common Resources focuses on creating value through the drillbit in multiple onshore U.S. basins.

Vibe Syndicate Management

Private Equity Round in 2007
Vibe Syndicate Management offers broad range of insurance and reinsurance business for accident and health, casualty, property treaty.
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