PCF Insurance Services Secures $500M Preferred Equity Investment Co-led by Carlyle Global Credit and HGGC
February 17, 2023
PCF Insurance Services, a top-20 U.S. insurance brokerage headquartered in Lehi, Utah, received a $500 million preferred equity investment co-led by Carlyle Global Credit and HGGC, with participation from Owl Rock (a division of Blue Owl) and Crescent Capital. The transaction values PCF at $4.7 billion and will support continued growth of its agency-centric platform (PCF serves 415,000+ clients and employs ~3,100 across 38 states).
- Buyers
- Carlyle Global Credit, HGGC, Owl Rock (division of Blue Owl), Crescent Capital
- Targets
- PCF Insurance Services
- Industry
- Insurance
- Location
- Utah, United States
- Transaction Type
- Growth capital
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