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The Venture Codex

Overview

Acquires and manages run-off insurance and reinsurance companies.

Deals · 12mo

0

Stage focus

—

Geographic focus

United States

Sector focus

Consulting
Insurance
Market Research

Investment portfolio

1rounds
NAMEDATESIZE
Ruby Reinsurance
Nov 2024Participated
$480 MOther Equity
Ruby Reinsurance
Nov 2024Participated
$480 MOther Equity
1
Items
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Insights

Time horizon

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Deal Distribution

Enstar Group: 1 funding rounds are recorded in the selected participation categories.All available history.
Enstar Group: 1 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Other Equity01

Monthly Deal Activity

Enstar Group: 1 deals are recorded across 24 months.All available history.
Enstar Group: 1 deals are recorded across 24 months. All available history
MonthDeals
Nov '241
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Enstar Group: Fintech is the largest displayed sector by deal count (1 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Enstar Group: Fintech is the largest displayed sector by deal count (1 deals). All available history
SectorDeals
Fintech1

Deal Size Distribution

Enstar Group: 1 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Enstar Group: 1 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M1
$500M-$1B0
$1B+0

Deals By Geography

Enstar Group: United States has the largest recorded deal count among the displayed regions (1 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

Enstar Group: United States has the largest recorded deal count among the displayed regions (1 deals). All available history
RegionDeals
United States1
Enstar Group: 5 co-investors are shown, with AllianceBernstein sharing 1 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Enstar Group: 5 co-investors are shown, with AllianceBernstein sharing 1 recorded deals. All available history
Co-investorShared deals
AllianceBernstein1
EnTrust Global1
Golub Capital1
Hudson Structured Capital Management1
Sammons Financial1

Investment Strategy

Enstar Group: Led accounts for 0% and participating for 100% of round participation.All available history.
Enstar Group: Led accounts for 0% and participating for 100% of round participation. All available history
CategoryDeals (count)Share (%)
Led00%
Participating1100%
Enstar Group: Single-lead accounts for 0% and co-led for 0% of lead dynamics.All available history.
Enstar Group: Single-lead accounts for 0% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led00%

Lead dynamics requires at least one led deal in this range

Team

Adrian Thornycroft

CAO (May 2025)

David Ni

Chief Strategy Officer

Mark Bendall

Lead Program Architect

Matthew Kirk

Chief Financial Officer

Paul O'Shea

Co-Founder & President