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Press release content from Business Wire. The AP news staff was not involved in its creation.
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Press release content from Business Wire. The AP news staff was not involved in its creation.

StoicLane Launches Private Holding Company to Digitize Finance, Insurance & Real Estate (“FIRE”)

September 28, 2021 GMT

CHICAGO--(BUSINESS WIRE)--Sep 28, 2021--

StoicLane (“the Company”) has announced the launch and funding of its private holding company, which will provide strategic capital and deep operational expertise to digitize and grow businesses in the Finance, Insurance & Real Estate (“FIRE”) verticals. The Company will harness the power of data, technology and collective experience in these industries to bring better service and quality to consumers.

StoicLane was founded by Al Goldstein, Matt Foran and Jake Nice who each have a strong track record of creating value as operators and investors. The team has co-founded Enova (NYSE: ENVA), Pangea Properties REIT, New Lake (OTC: NLCP), Avant, Amount, EvoSure and numerous other leading companies in the FIRE industries. StoicLane’s co-founders have contributed to the creation of over $4B in equity value for investors since 2004.

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Nigel Morris, co-founder of QED Investors and Capital One, will join the Board of Directors of StoicLane. Dan Berce, Ron Diamond, John Gilligan, Rahul Gupta, Joseph Gutman, Richard Levy, Kathryn Madison and Sam Yagan will join the Advisory Team. The Board of Directors and Advisory Team bring a wealth of industry expertise and serve as world class advisors to the StoicLane Team.

“We look forward to leveraging our investment and operational expertise to partner with exceptional businesses in the FIRE sectors,” said Al Goldstein, Co-Founder, CEO and Chairman of StoicLane. “Our longer holding period uniquely positions us to realize our businesses’ potential over time and ultimately can provide greater returns to our investors.”

With the established platform, funding, and a growing team of industry leaders, StoicLane is now actively pursuing opportunities with best-in-class operators to build and expand incredible companies.

About StoicLane:
StoicLane is a Chicago-based long-term growth platform making controlling and strategic minority investments in the Finance, Insurance & Real Estate (“FIRE”) verticals. The firm works closely with its portfolio companies by harnessing the power of data and technology to bring better service and quality to consumers. To learn more about StoicLane, visit stoiclane.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210928005249/en/

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CONTACT: Kristen Duarte

Prosek Partners

pro-stoiclane@prosek.com

KEYWORD: ILLINOIS UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE SOFTWARE CONSTRUCTION & PROPERTY INSURANCE FINANCE DATA MANAGEMENT PROFESSIONAL SERVICES TECHNOLOGY

SOURCE: StoicLane

Copyright Business Wire 2021.

PUB: 09/28/2021 08:00 AM/DISC: 09/28/2021 08:02 AM

http://www.businesswire.com/news/home/20210928005249/en