NexPhase Funds Announces Sale of Insurance policies Technologies to Thomas H. Lee Partners


NEW YORK, Sept. 14, 2020 /PRNewswire/ — NexPhase Money, LP (“NexPhase” or the “Firm”), an operationally concentrated non-public equity business and sub-advisor to the Moelis Cash Associates (“MCP”) Chance Resources, nowadays declared that it has entered into a definitive agreement to market Insurance policies Systems, LLC (“Insurance plan Technologies” or “InsTech” or the “Corporation”), a service provider of income and regulatory automation remedies for the insurance and financial providers industries, to Thomas H. Lee Associates (“THL”).

Started in 1995 and headquartered in Colorado Springs, CO, Insurance policies Systems has served remodel the insurance policies and monetary providers industries by way of its revolutionary profits and regulatory revenue automation remedies, which have aided economical industry experts and advisors greater provide their buyers. The Company’s carriers and distributors profit from InsTech’s technological innovation, speed to sector delivery, and outstanding consumer company. The exceptional architecture and adaptability of InsTech’s product sales options provide entrance and again-business office configurability and usability to support various business enterprise strategies, stimulate cross-channel growth, and evolve with regulatory alterations.

As a result of investments in folks, processes, and goods, NexPhase has worked carefully with InsTech’s management workforce to generate dynamic advancement of a genuinely electronic sales lifecycle resolution inside a solitary platform. NexPhase has also supported the Company’s endeavours to even more develop both of those the FireLight® and ForeSight® remedies, which have supplied and keep on to offer price to InsTech’s purchasers and the insurance plan and economic products and services industries. Since partnering with the NexPhase crew in 2014, the Corporation has knowledgeable substantial growth by growing its provider and distributor customer bases.

“In NexPhase, we located a spouse who not only recognized the great possible of our corporation, but also brought the strategic, operational, and market experience required to elevate our place as a companion the financial solutions and insurance policy industries can rely on,” said David Fenimore, Chief Government Officer of Insurance Technologies. “NexPhase’s perception and steerage has been instrumental in the success we have shipped to our consumers and our skill to fulfill elevated demand from customers in current months as far more shoppers figure out how impactful our methods can be in driving the performance of distant do the job. We appear forward to developing on this momentum as we companion with THL to capitalize on the numerous options forward.”

“With an unwavering concentration toward continual advancement and an ongoing dedication to delivering higher-excellent solutions and service, the InsTech crew has established alone as a main supplier of digital gross sales answers in the coverage and economic services industries,” claimed Joel Killion, a Partner at NexPhase. “We are very pleased of what we have achieved with each other about the course of our partnership and are self-confident that the Company is well positioned for ongoing achievement.”

“We observed an possibility to propel a robust crew and spectacular firm ahead as they assist modernize the antiquated programs across the insurance plan market,” included Bob Gartland, a Principal at NexPhase. “In the course of our partnership, InsTech has even more enhanced its dedication to its core company effectiveness across progress, implementation services, and marriage administration to correctly help its clients’ strategic initiatives and development in digitization. We are very content with this transaction and believe that it represents a great end result for Insurance policies Systems, THL and NexPhase.”

Conditions of the transaction were being not disclosed. The transaction is subject matter to the completion of customary closing ailments and any regulatory approvals.

The NexPhase staff has sizeable working experience investing in program and providers providers. Present-day and preceding investments involve, among others, KnowFully Learning Group, DealerOn, Brandt Facts Solutions, OmniSYS, Fast, Inside of Real Estate, SwipeClock, and Mxi Technologies.

William Blair & Corporation is acting as exclusive money advisor to NexPhase and the Organization on this transaction, and Lowenstein Sandler LLP is performing as legal advisor.

About NexPhase Funds
NexPhase Funds, LP is a thematic and operationally-focused non-public fairness organization that invests in reduce middle current market expansion-oriented providers within 3 distinct sectors: buyer, healthcare, and software package & providers. The company associates with providers that have reached a development inflection point and are trying to get a benefit-additional associate to assist navigate the company’s “subsequent phase.” The NexPhase crew has substantial industry and operational practical experience and NexPhase’s partners have invested together for practically a decade. The firm has finished almost 60 investments which include include-ons and targets manage fairness investments amongst $25 million and $75 million. For more facts, please take a look at

About Moelis Capital Companions
Moelis Cash Partners LLC, a subsidiary of Moelis Asset Management LP, is a middle sector private fairness company founded in 2007. MCP co-manages approximately $872 million of committed private fairness money with NexPhase Capital. For much more information, make sure you visit

About Insurance plan Systems
Insurance plan Technologies provides innovative revenue and regulatory automation remedies to the insurance policy and financial services industries. Supplying a suite of integrated income answers, from pre-sale capabilities to illustrations and e-software to put up-sale expert services, Insurance plan Systems gives carriers and distributors the sales abilities and instruments to make automated and cohesive revenue encounters for their advisors and clients across all traces of coverage, retirement and investment decision items. The exclusive architecture and adaptability of its solutions provide entrance and again-workplace configurability and usability to help numerous small business techniques, inspire cross-channel expansion, and evolve with regulatory alterations. For extra info, please stop by

About Thomas H. Lee Partners, L.P.
Thomas H. Lee Associates, L.P. (“THL”) is a premier non-public fairness company investing in center sector growth corporations, headquartered largely in North The usa, solely in 4 sectors: Consumer, Economical Companies, Health care and Technology & Small business Alternatives. We pair our deep sector expertise with committed inner working methods to renovate and build terrific businesses of lasting price in partnership with administration. Due to the fact 1974, we have elevated extra than $25 billion of equity money, invested in about 150 firms and finished a lot more than 400 include-on acquisitions symbolizing an aggregate company price at acquisition of more than $200 billion.  With focused sector and operating groups, THL brings deep domain experience and means to build great organizations by encouraging to accelerate progress, make improvements to functions and generate prolonged-phrase sustainable benefit in partnership with administration. For far more information on THL, remember to visit


Jonathan Keehner / Kate Thompson / Julia Sottosanti
Joele Frank, Wilkinson Brimmer Katcher

Coverage Technologies
Kristin Wills
[email protected]

Thomas H. Lee Associates, L.P.
Sard Verbinnen & Co
Robin Weinberg/Devin Broda

Source NexPhase Money

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