Reverence Capital Partners
Reverence Capital Partners is a New York-based private investment firm founded in 2013 that makes control and influence-oriented minority investments in middle-market financial services companies across three strategies: private equity, structured credit, and real estate solutions.
- Company typePrivate
- Founded2013
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Reverence Capital Partners does
Reverence Capital Partners is a New York-based private investment firm founded in June 2013 by Milton Berlinski, Peter Aberg, and Alex Chulack, all former senior professionals at Goldman Sachs and General Atlantic. The firm pursues control and influence-oriented minority investments in middle-market financial services companies, supported by a network of 20+ special advisors with backgrounds at leading financial institutions including Goldman Sachs, Visa, AllianceBernstein, Freddie Mac, and Discover Financial. Reverence Capital has built a portfolio of 10+ operating companies spanning wealth management (Osaic, SEIA), asset management (Russell Investments, Allspring), banking (EverBank, DMG Bancshares, Flagstar), insurance (Venerable Holdings, Sunstar Insurance), specialty finance (CardWorks), and financial technology (Envestnet, CAIS, Ministry Brands).
Reverence Capital Partners firmographics
Firmographics- Name
- Reverence Capital Partners
- Legal name
- Reverence Capital Partners, L.P.
- Website
- http://www.reverencecapital.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Reverence Capital Partners is a New York-based private investment firm founded in 2013 that makes control and influence-oriented minority investments in middle-market financial services companies across three strategies: private equity, structured credit, and real estate solutions.
- Ownership category
- akta.pro rank
Reverence Capital Partners industry classification
Industry- Product category
- Private Equity Fund Management
- NAICS
- Other Financial Investment Activities (5239), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Investors, Nec (6799)
- akta.pro primary industry
- Middle-Market Lending (FSANADAI)
Keywords
Where Reverence Capital Partners is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Reverence Capital Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Management Fees: Reverence Capital earns management fees from its private equity, credit, and real estate funds, typically calculated as a percentage of committed capital under management. These fees provide recurring revenue to support firm operations.
- Carried Interest (Performance Fees): The firm earns carried interest from successful realizations in its investment funds, typically 20% of profits above a specified hurdle rate. This aligns investor and fund manager interests and constitutes the primary upside for the firm.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
Reverence Capital Partners product offering
Product offeringCore offering
Reverence Capital Partners is a private investment firm that raises and manages capital through three complementary strategies: Financial Services-Focused Private Equity, Structured Credit, and Real Estate Solutions. The firm deploys this capital into control and influence-oriented minority investments in middle-market financial services companies, providing growth capital, strategic guidance, and operational support to portfolio companies. Limited Partners include public and private pension plans, sovereign wealth funds, university endowments, foundations, family offices, and high-net-worth individuals.
Product overview
Reverence Capital Partners operates as a private investment firm with three complementary investment strategies: Financial Services-Focused Private Equity, Structured Credit (Reverence Credit Fund launched September 2020), and Real Estate Solutions (Reverence Real Estate Fund launched October 2024). The firm does not offer a unified software product but rather invests in and manages a portfolio of financial services companies. The portfolio spans wealth management (Osaic, SEIA), asset management (Russell Investments, Allspring Global Investments), specialty finance (CardWorks), insurance (Venerable Holdings, Sunstar Insurance Group), banking (EverBank, DMG Bancshares, Flagstar Financial), financial technology (Envestnet, CAIS), and church technology (Ministry Brands).
Differentiator
Problem solved
Functional benefit
Products and services
- Financial Services-Focused Private Equity Private equity fund making control and influence-oriented minority investments in middle-market financial services companies, including asset management, banks, specialty finance, capital markets, financial technology, and insurance sectors. The fund invests in companies with established management teams and supports growth, acquisitions, and recapitalizations.
- Structured Credit Fund (Reverence Credit Fund) Structured credit investment fund focused on middle-market financial services companies, providing credit solutions across the capital structure. The fund complements the firm's private equity strategy with credit-oriented investment capabilities.
- Real Estate Fund (Reverence Real Estate Fund) Real estate investment fund that provides capital solutions for real estate assets and businesses, complementing the firm's private equity and credit strategies. The fund extends Reverence's multi-strategy platform into real estate.
Companies that use Reverence Capital Partners
Customer profileNamed customers10 records
Segments3 records
Ideal customer profiles2 records
Reverence Capital Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Reverence Capital Partners partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Eide BaillycoreReverence Capital entered into definitive agreement in June 2026 to make significant investment in Eide Bailly, a top 20 U.S. accounting firm with over $800 million in annual revenue and 3,500 employees. Investment aims to accelerate growth in talent, technology, and infrastructure. Deal valued at approximately $1.8 billion, expected to close Q3 2026 pending regulatory approvals.
- OsaiccoreOsaic, formerly known as Advisor Group, is a portfolio company of Reverence Capital acquired in 2019. Osaic completed $2 billion+ recapitalization in April 2026 with Bain Capital joining as new investor alongside Reverence's majority stake. Osaic supports over 10,000 financial professionals and $747 billion in client assets under administration.
- Sequoia Financial GroupminorEide Bailly partnered with Sequoia Financial Group to integrate its wealth management practice, expected to close in Q4 2024. This partnership represents Eide Bailly's expansion into wealth management services as part of its strategic growth initiatives.
- Sunstar Insurance GroupcoreReverence Capital acquired majority stake in Sunstar Insurance Group in July 2024. Sunstar is a Memphis-based retail insurance brokerage operating 58 agencies across nine states with over 930 professionals and placing over $2 billion in premiums annually. Transaction supports Sunstar's ongoing growth through organic and inorganic initiatives.
Scale indicators5 records
Recent moves7 records
Expansion highlights6 records
Reverence Capital Partners competitors and assessment
Company assessmentDirect peers
- Stone Point Capital: Stone Point Capital is a private equity firm exclusively focused on financial services investments across banks, insurance, asset management, and fintech. It is the most direct comparable to Reverence given the identical sector specialization and middle-market focus.
- Lightyear Capital: Lightyear Capital is a New York-based private equity firm focused on middle-market financial services companies. Directly comparable to Reverence on sector focus, geography, and ticket size.
- GTCR: GTCR is a Chicago-based private equity firm that co-invested with Reverence in Allspring Global Investments. Compares on financial services focus and middle-market control investing, though GTCR is sector-agnostic.
- TA Associates: TA Associates co-invested with Reverence in Russell Investments and is a growth-focused PE firm with strong financial services exposure. Comparable on deal size, sector overlap, and growth-equity orientation.
- Aquiline Capital Partners: Aquiline Capital Partners is a private equity firm exclusively focused on financial services and technology-enabled business services. Directly comparable to Reverence's middle-market financial services PE strategy.
- FFL Partners: FFL Partners is a San Francisco-based private equity firm focused exclusively on financial services and insurance. Directly comparable sector specialization and middle-market ticket sizes.
Broad incumbents
- Bain Capital: Bain Capital co-invested with Reverence in Osaic and Envestnet, and is a much larger multi-strategy alternatives platform. Comparable as a co-investor and as a financial services-active incumbent, though substantially larger and more diversified than Reverence.
- General Atlantic: General Atlantic is a global growth equity firm where Reverence co-founder Alex Chulack previously worked. It is comparable as a larger incumbent with deep financial services exposure, though it operates across broader sectors.
- New Mountain Capital: New Mountain Capital is a New York-based private equity firm with deep financial services and business services exposure. Comparable on middle-market focus and sector specialization in financial services and insurance.
- Permira: Permira is a global private equity firm with significant financial services exposure, including credit and structured solutions. Comparable as a larger multi-strategy alternatives platform that competes for similar FS deals.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Reverence Capital Partners social profiles
Digital presenceReverence Capital Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Reverence Capital Partners leadership team
Management profileNumber of profiles
Profiles11 records
Reverence Capital Partners subsidiaries and ownership
Company hierarchySubsidiaries12 records
Reverence Capital Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Reverence Capital Partners M&A and investment
M&A and investmentM&A7 records
Investments9 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Reverence Capital Partners
What does Reverence Capital Partners do?
Reverence Capital Partners is a private investment firm that raises and manages capital through three complementary strategies: Financial Services-Focused Private Equity, Structured Credit, and Real Estate Solutions. The firm deploys this capital into control and influence-oriented minority investments in middle-market financial services companies, providing growth capital, strategic guidance, and operational support to portfolio companies. Limited Partners include public and private pension plans, sovereign wealth funds, university endowments, foundations, family offices, and high-net-worth individuals.
Is Reverence Capital Partners a public or private company?
Reverence Capital Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Reverence Capital Partners founded?
Reverence Capital Partners was founded in 2013. It employs 11 to 50 people.
Where is Reverence Capital Partners based?
Reverence Capital Partners is headquartered in New York, United States, in the North America region.
How does Reverence Capital Partners make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are carried Interest (Performance Fees).
Who are Reverence Capital Partners's main competitors?
Direct peers on record are Stone Point Capital, Lightyear Capital, GTCR, TA Associates, Aquiline Capital Partners and FFL Partners. Broad incumbents are Bain Capital, General Atlantic, New Mountain Capital and Permira.
Does Reverence Capital Partners have an API?
No public API is recorded for Reverence Capital Partners.
What industry is Reverence Capital Partners in?
Reverence Capital Partners's product category is Private Equity Fund Management. Its primary akta.pro industry code is FSANADAI, Middle-Market Lending. Its NAICS code is 5239 and its SIC code is 6799.