Investment Summary

Exits VRT Insurance Services

On January 30, 2009, invested in insurance company VRT Insurance Services from Belvedere Capital Partners

Investment Highlights
  • This is transaction in the Insurance sector.
  • This is transaction in the United States.
  • This is transaction in California.

Investment Summary
Date 2009-01-30
Target VRT Insurance Services
Sector Insurance
Sellers(s) Belvedere Capital Partners
Deal Type Trade Sale

Target

VRT Insurance Services

San Mateo, California, United States
website
Established in 2007, VRT Insurance Services, Oakland, California, is a fast-growing regional brokerage providing customized, expert insurance services and offerings including Commercial Insurance, Employee Benefits, Enterprise Risk Management, Risk Consulting, Surety and Financial Services. Already licensed throughout the United States, VRT offers insurance and consulting expertise in areas such as construction; real estate; technology; life sciences; financial institutions; early-stage, emerging growth companies; and general business.

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Seller(S) 1

SELLER

Belvedere Capital Partners

San Francisco, California, United States

website

Category Private Equity Firm
Founded 1994
Size Small
Type Sector Focused
DESCRIPTION

Belvedere Capital is a private equity firm that targets investments in the financial services sector. Specific areas of interest include banks, wealth managers, investment advisories, brokerages, insurance firms, and other related financial service companies. The Firm's can commit and/or mezzanine capital and looks to invest $5 to $40 million per transaction. Belvedere was formed in 1994 and is based in San Francisco. The Firm is in harvest mode and will not be making any new investments or raising a new fund.

DEAL STATS #
Overall 3 of 5
Sector (Insurance) 1 of 1
Type (Trade Sale) 2 of 3
State (California) 3 of 4
Country (United States) 3 of 5
Year (2009) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 BenefitStreet

San Ramon, California, United States

Leveraging its strong technology platform, BenefitStreet provides software and record keeping solutions for employee benefits programs with over 7,000 corporate clients, including Google, the San Francisco 49ers, Stanford University and Sony Playstation.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-01 Professional Business Bank

Pasadena, California, United States

Headquartered in Pasadena, California, Professional Business Bank is a pro-business, full-service financial facility created by business owners for business owners throughout Southern California. Through its branch network and seasoned personnel, Professional Business Bank offers personal and business deposit and loan relationships. Professional Business Bank is an operating subsidiary of Belvedere's Southern California organic growth and roll-up platform, Belvedere SoCal.

Sell -
Mergr

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