Alera Group receives $150 million preferred investment

Global investment firm leads capital infusion effort, which will be used to support ongoing growth

Alera Group receives $150 million preferred investment

Insurance News

By Lyle Adriano

Alera Group has received a $150 million preferred investment, led by Carlyle Group’s Global Credit segment.

Carlyle’s Global Credit unit made the investment with capital from its $2.4 billion Credit Opportunities Fund. Since its inception, the fund has invested $1.9 billion of capital.

In a company release, Alera Group said that it would use proceeds from the investment to support its ongoing growth and acquisition activities.

“Alera is one of the fastest growing insurance brokers in the country and we are pleased to provide the long-term capital it needs to continue building a best-in-class platform,” said Carlyle co-head of illiquid credit strategies and head of Credit Opportunities team Alex Popov. “We leveraged our expertise in insurance brokerage and an existing relationship with Genstar to structure a customized financing solution for Alera in an otherwise challenging economic environment.”

“Carlyle’s financial strength, experience in our industry and reputation for being a trusted partner to the companies in which it invests made them a logical choice for us as we added capital to continue the growth of our business,” added Alera Group CEO Alan Levitz.

Alera is a privately-held company backed by Genstar Capital and Alera employees.

Last month was a busy month for Alera Group, with the firm acquiring three companies: Alper Services in Chicago, IL; JDM Benefits in White Plains, NY; and FNL Insurance Group in Timonium, MD.

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