Strength Capital Invests in Conifer Holdings
Strength Capital Partners L.L.C., a Birmingham, MI based private-equity firm, has made an investment in Conifer Holdings. Conifer Holdings is a Southfield-MI based niche provider of personal and commercial property, casualty, and other insurance products. The Company targets lines of insurance that have been historically under-served such as liquor liability and non-standard automotive. The Company currently writes policies in the Midwest, but SCP's investment will help the Company expand geographically.
The investment was made through Strength Capitals second fund, Strength Capital Partners II L.P., a $140 million fund that closed in June 2006.