Cave Creek Capital (our affiliated private equity fund) is pleased to announce its recent investment in Integro Ltd., an insurance brokerage and risk management firm launched by Robert Clements, Jim Garvey, and Robert Egan and other senior
executives from Marsh & McLennan Companies.  The Integro investment highlights our firm’s focus on financial services as one of our core industries and our strategy of backing exceptional management teams capitalizing on industry dislocations.   The Integro team has a long track record of creating wealth in the insurance industry, generating over $12 billion of capital gains on $2 billion of investment in their previous ventures; including ACE, XL, MidOcean and Arch Capital.  We are co-
investing in a $320 million financing, alongside institutional and high net worth investors with whom we’ve had longstanding relationships and previously successful investments; including Weston Presidio, Highfield, Leucadia, DLJ Merchant Banking, GE Pension, and Jack Byrne.