Kirkland Advises HGGC on Preferred Equity Investment in PCF Insurance Services

Kirkland & Ellis advised HGGC in connection with a $500 million preferred equity investment in PCF Insurance Services, a top 20 U.S. insurance brokerage firm, co-led by HGGC, an existing minority investor, and Carlyle's Global Credit platform. At the time of investment, the valuation of PCF Insurance is $4.7 billion.

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The Kirkland team was led by corporate partners Travis Nelson, Rodin Hai-Jew and Cameron Leishman and associates Lauren Iwasaki, Veronica Shen and Chenchen Badalyan; debt finance partners Sonali Jindal and Aditi Iyer; and tax partner Kevin Coenen.