Keystone Agency Partners: Raising $1bn+ capital, boosted with $330m financing

Keystone Agency Partners (KAP), an insurance brokerage platform, has raised an additional $330m in financing, surpassing a total capital raised of $1bn. The funding round was led by Apogem Capital and featured participation from Crescent Capital. The funds will be used to support KAP’s growth and expansion plans within the insurance brokerage industry. KAP aims to collaborate with independent insurance agency platforms and provide client-centric solutions in risk management and employee benefits. The company has executed 88 transactions since 2020 and closed out 2023 with a run-rate revenue approaching $300m. This latest funding follows nearly $1bn raised since May 2021.