Insigneo to Receive $100 Million Investment Led by Bain Capital Credit and J.C. Flowers

To Support Company’s Continued Growth and Expansion

Date: 13 Jun 2022 · 14:08

The capital will be used to accelerate Insigneo’s growth and expansion strategy

Raul Henriquez, Insigneo’s Chairman and CEO: "We welcome Bain Capital Credit and J.C. Flowers as strategic partners and are confident their support will enhance our overall capabilities."

“Raul and the Insigneo team have built a best-in-class wealth management platform to serve the evolving needs of international advisors and their clients,” said June Huang, Vice President at Bain Capital Credit

Richard Carrión, Operating Partner at J.C. Flowers said: “There is a growing demand for wealth management services in general, but especially in underserved Latin America, where Insigneo is very well positioned for further expansion.”

Insigneo Financial Group announced today that Bain Capital Credit and J.C. Flowers & Co. LLC, with participation from private investors, have agreed to make a significant minority investment of $100 million in the Company.

The capital will be used to accelerate Insigneo’s growth and expansion strategy.

In conjunction with the transaction, Bain Capital Credit is providing debt financing for Insigneo’s previously announced acquisition of Citi International Financial Services, LLC (CIFS) and Citi Asesores de Inversion Uruguay S.A., from Citi.

“There’s great opportunity for Insigneo to continue on its growth trajectory as an independent wealth management firm focused particularly on the international front,” said Raul Henriquez, Insigneo’s Chairman and CEO. “The fact that two of the world’s leading private investment firms have chosen to support our growth plans is testament to our strong leadership and unique culture —focused on service, innovation and technology. We welcome Bain Capital Credit and J.C. Flowers as strategic partners and are confident their support will enhance our overall capabilities.”

“Raul and the Insigneo team have built a best-in-class wealth management platform to serve the evolving needs of international advisors and their clients,” said June Huang, Vice President at Bain Capital Credit. “We’re excited to partner with them on the next stage of their growth.”

“There is a growing demand for wealth management services in general, but especially in underserved Latin America, where Insigneo is very well positioned for further expansion,” said Richard Carrión, Operating Partner at J.C. Flowers. “We look forward to leveraging our deep financial services experience to help the Company identify and secure new opportunities.”

Headquartered in Miami, Insigneo operates as an SEC-registered broker dealer and registered investment advisor. The Company also offers services through locally-regulated advisory firms in Montevideo, Uruguay; Buenos Aires, Argentina; and Santiago, Chile.

Today, the Company’s independent wealth management platform supports 170 investment professionals (IPs), in addition to 37 partner firms that account for another 182 IPs, altogether servicing close to $13 billion in client assets.