Mutual Capital Investment Fund Announces Initial Investor Closing
Mutual Capital Investment Fund, a newly formed fund focused on making investments in the mutual insurance industry, announced its initial investor closing of $28 million. The Fund will continue investor solicitation over the next year and seeks additional investment of approximately $100 million primarily from the insurance industry as well as other participants experienced in mutual insurance company investing. The Fund sponsor is Mutual Capital Group, and its chairman, Jay W. Chadwick. “The goal of the fund is to provide ‘mutual friendly’ growth capital to mutual insurance companies and mutual holding companies,” Mr. Chadwick stated. “I have been a proud member of the mutual insurance industry for over 30 years; I believe in the model and want to perpetuate it. Mutuals can sometimes struggle with access...
