Aquiline Capital Partners, a mid-market firm investing in the financial services sector, has launched a new Technology Growth Fund.
FinTech and InsureTech will be the primary target areas for the new vehicle.
“Technology is transforming the global financial services sector, and we are seeing meaningful changes, particularly in the insurance industry,” Jeff Greenberg, chairman and chief executive of Aquiline said.
The New York-based firm has already invested in the fintech sector, having backed payments technology business Clear2Pay in 2009.
The firm also specialises in banking and credit, insurance, investment management and markets.
The new fund will be led by Max Chee and Michael Cichowski, who joined Aquiline at the beginning of the year.
Both managers have long-term experience in financial technology investing. Chee was most recently a managing partner at Millennium Technology Value Partners where he led fintech deals among others.
Cichowski was lastly overseeing venture capital investments for a family office and prior to that was working with growth equity investment group Edison Partners.
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