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 EBITDA margin uplift through an AI transformation program. The program, delivered in collaboration with Version 1, a UK-based AI-first digital transformation specialist and also a Partners Group portfolio company, represents $10 million in EBITDA impact for FRP.
The initiative involved building a clean, proprietary policy-level dataset at FRP, which enabled Version 1's AI Labs to develop 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. These improvements were achieved by a seven-person team augmented by Version 1, with the first use case moving from concept to production in just 14 weeks.
Partners Group acquired both FRP and Version 1 in 2022, recognizing growth opportunities in the US insurance brokerage sector and the AI-first digital transformation market in the UK and Ireland. Since then, both companies have doubled their revenues, demonstrating strong performance. This collaboration exemplifies how Partners Group leverages expertise across its portfolio to drive measurable value creation.
Wolf Scheider, Head of Private Equity at Partners Group, emphasized the significance of this collaboration: "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, with over $186 billion in assets under management, focuses on transforming businesses into market leaders through an operationally oriented approach. This AI initiative highlights the firm's commitment to driving innovation and efficiency within its portfolio, positioning it to capitalize on the growing importance of AI in business operations.
