Oaktree Funds Acquire Velocity Risk Underwriters

Velocity Financial to Acquire Toorak Capital’s Operating Platform

August 27, 2026

Financial Services

Velocity Financial entered into a definitive agreement to acquire Toorak Capital LLC’s operating platform in a 100% cash purchase. The platform includes Merchants Mortgage & Trust Corporation, Toorak’s U.S. direct origination business, and Toorak’s lending operations in the United States and the United Kingdom; Toorak’s CEO and management are expected to continue leading the business post-closing.

Ryan Specialty To Acquire Velocity Risk Underwriters

January 9, 2025

Insurance

Ryan Specialty has signed a definitive agreement to acquire Velocity Risk Underwriters from funds managed by Oaktree Capital Management. The deal will bring Velocity—an underwriting manager and managing general underwriter focused on catastrophe-exposed property risks—into Ryan Specialty’s Underwriting Managers division, with closing expected in early 2025 subject to regulatory approval.

Velocity HoldCo Acquires Majority Stake in Insight Risk Technologies

September 18, 2023

Insurance

Velocity HoldCo, the holding company for Velocity Risk Underwriters, acquired a majority stake in Insight Risk Technologies, a technology-focused Builder's Risk managing general agent (MGA). The deal, closed September 18, 2023, adds Builder's Risk capabilities and IoT-enabled loss-prevention tech to Velocity's specialty insurance platform and is being used to accelerate Insight Risk's growth across the US.

Acrisure Acquires Volante Global

March 22, 2022

Insurance

Acrisure has acquired Volante Global, a London-headquartered, multi-class international Managing General Agent (MGA) that includes brands such as Aesir Space and Horizon Europe AG. The deal (terms not disclosed) brings Volante's specialty underwriting capabilities, Lloyd’s syndicate alignment and international presence into Acrisure’s growing MGA strategy; prior majority investor was Nephila Holdings Ltd. (a subsidiary of Markel Corporation).

Vantage Group Acquires Admitted Carrier Vantage Risk Assurance Company

February 8, 2022

Insurance

Vantage Group Holdings Ltd. has closed the purchase of an admitted-lines carrier, Vantage Risk Assurance Company (formerly Heritage Casualty Insurance Company), from Union Fidelity Life Insurance Company. Concurrently, funds managed by Carlyle and Hellman & Friedman committed up to an additional $200 million to support Vantage’s continued growth and to expand capabilities in its U.S. insurance platform.

GHO Capital Acquires Velocity Clinical Research

July 15, 2021

Healthcare Services

Global Healthcare Opportunities (GHO) has acquired Durham-based Velocity Clinical Research from NaviMed Capital and other investors. GHO intends to support Velocity’s roll-up strategy of clinical trial sites, expand its integrated site model (including investment in technology and decentralized trial capabilities) and pursue further geographic expansion, including into Europe.