PSP Investments invests in Alliant Insurance Services
Public Sector Pension Investment Board (PSP Investments) has invested in Alliant Insurance Services Inc, a Newport Beach, California-based specialty insurance brokerage. Terms weren't disclosed for the deal, which will see U.S. financial services private equity firm Stone Point Capital, the company's largest institutional shareholder, add to its investment. Following the transaction, Alliant's management and producers will continue to own the majority of the business. PSP Managing Director Martin Longchamps said the Canadian pension fund's investment will support Alliant's continued growth.
22 January 2019•3 mins read
