# Pine Brook Partners: portfolio, investments and team

> Pine Brook Partners is a private equity based in United States. 5 investments on record, latest Jan 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/pine-brook-partners (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Pine Brook Partners

Last cheque observed Jan 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

Private equity Quiet Last fund, Sept 2018

Seed Series A Series B Energy Renewable Battery

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 5 on record

Since the last cheque **2837** days **00** hrs **00** min **00** sec

Median round **$30M** Rounds led **0 of 5** Sole investor **1 rounds** Mostly in **United States, 80%**

Pitch Pine Brook Partners

## Pine Brook Partners highlights

- 01 5 rounds on record
- 02 Mostly Growth and Series A: 60% of its rounds
- 03 Sole investor in 1 rounds, median $110M

## What they do

> The site mentions 'Growth Strategy' and 'Sector Focus', suggesting it invests in private companies, but does not explicitly state its type. From their own website

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Energy Renewable Battery
- **Based in:** New York, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **5 appearances**

- **2019** 1 round
- **Jan** **[Better Mortgage](https://millionrounds.com/company/better-mortgage)** Series C · US · FinSMEs **$70M** With 4 others
- **2017** 1 round
- **Feb** **[Better Mortgage](https://millionrounds.com/company/better-mortgage)** Series B · US · FinSMEs **$15M** With 2 others
- **2016** 1 round
- **Jun** **[Better Mortgage](https://millionrounds.com/company/better-mortgage)** Series A · US · Finance **$30M** With 2 others
- **2014** 1 round
- **Sept** **[Strategic Funding Source](https://millionrounds.com/company/strategic-funding-source)** Growth · US **$110M** Sole investor
- **2013** 1 round
- **Sept** **[Saguaro Resources](https://millionrounds.com/company/saguaro-resources)** Growth · CA · canadianprivateequity.com **$315M** With 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **6 named**

ES **Elan Stukov** Chief Compliance Officer and Chief Financial Officer i Form ADV

HH **Howard Herman Newman** Chairman, Chief Executive Officer i Form ADV

MJ **Michael J Martinez** Chief Operating Officer/General Counsel i Form ADV

RA **Richard Alan Aube** Limited Partner of Pine Brook Road Advisors LP i Form ADV

WD **Walter Dana Laforge** Executive Vice President i Form ADV

WL **William Larry Spiegel** Limited Partner of Pine Brook Road Associates LP i Form ADV

We also hold **32** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$1.5B** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** PINE Brook ROAD Advisors, L.P.
- **SEC number:** CRD 162247

## What they claim to have backed

From their own portfolio page (on their website)

**3** of 22 we have independently watched raise

[Better](https://millionrounds.com/company/better-com)[Fidelisinsurance](https://millionrounds.com/company/fidelis-insurance)[Saguaroresources](https://millionrounds.com/company/saguaro-resources) Admiralpermian Aeolus Amedeo Atxenergypartners Brighamminerals Clearblueinsurancegroup Elevationres Globalatlantic Grenergyservices Kapitus Nbic Origin Pelagosinsurancecapital Pursuitog Trinitascmllc Unitedautocredit Vibesm Vidabank We-are-accelerate

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

Latest fund on file

**Raised**

a fund in Sept 2018

From its SEC filing. Nothing newer is on file yet.

## The cheque

Seed Series A Series B

Median round joined **$30M** the round, not its cheque Alone, median **$110M**

Led 0 of 5 rounds **0%**

- **Sole investor:** 1 rounds
- **Last cheque:** Jan 2019

Rounds by stage said on their site

- Growth said *2*
- Series A said *1*
- Series B said *1*
- Series C *1*
- Seed said *-*

Cheques by year Led Joined

2013 2019

Often in the room with

- [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) 2

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## Who they invest alongside

The investors most often in the same rounds as Pine Brook Partners. A count of rooms they were both in, not a relationship either has claimed.

[**Goldman Sachs** Private equity **2** rounds together](https://millionrounds.com/fund/goldman-sachs)

## Quick answers about Pine Brook Partners

### What does Pine Brook Partners invest in?

Pine Brook Partners invests most often at Growth and Series A (60% of the rounds on record), in sectors such as Energy, Renewable and Battery.

### How active is Pine Brook Partners?

5 investments on record, 0 of them in the last 12 months. The most recent was in Jan 2019.

### What has Pine Brook Partners invested in recently?

Its most recent investments on record: Better Mortgage (Series C, Jan 2019).

### How big are Pine Brook Partners's cheques?

The median round it joins is $30M.

### Does Pine Brook Partners lead rounds?

Rarely, if at all: none of its 5 investments on record names it as the lead.

### Where does Pine Brook Partners invest?

Most of the companies it backs are in the United States (80%) and Canada (20%).

### Is Pine Brook Partners investing now?

No investments in the last 12 months; the latest was in Jan 2019.

### Who does Pine Brook Partners invest alongside?

Most often Goldman Sachs (2 rounds together).

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