Partners Group, a global private markets firm, announced that its portfolio company Foundation Risk Partners (FRP), a US insurance brokerage, achieved a 120 basis point (bps) EBITDA margin uplift through an AI transformation program delivered by Version 1, another Partners Group portfolio company. The program, which represents $10 million in EBITDA impact, underscores how AI can drive tangible value within private equity portfolios.
FRP, founded in 2017, has over 3,000 employees across 68 locations. The company built a proprietary policy-level dataset that served as the foundation for the AI initiative. Leveraging this data, Version 1's AI Labs developed two agentic AI solutions. The first solution reduced the average policy processing cycle for new clients by 94%, leading to a doubling in close rates. The second automated the human-intensive policy checking task. The first use case went from concept to production in just 14 weeks, with a seven-person team augmented by Version 1.
Partners Group acquired both FRP and Version 1 in 2022, recognizing growth tailwinds in the US insurance brokerage sector and AI-first digital transformation services in the UK and Ireland. Since acquisition, both companies have doubled their respective revenues. Wolf Scheider, Head of Private Equity at Partners Group, said: "We have delivered synergies within our own portfolio to create tangible value, in this case pairing a US insurance brokerage with an AI technology partner in the UK and Ireland. Through this, we have turned a clean dataset into $10 million EBITDA uplift and real, measurable growth. We continue to look for opportunities to leverage AI expertise across our portfolio companies."
Partners Group is one of the largest firms in global private markets, with around 2,000 professionals and over $186 billion in assets under management. The firm offers investment programs and custom mandates across private equity, private credit, infrastructure, real estate, royalties, and special opportunities. Its operational approach focuses on transforming businesses into market leaders. For more information, visit Partners Group or follow on LinkedIn.
