Mutual Capital Investment Fund Announces $56.25 million Capital Commitment
Mutual Insurance Industry to Benefit with Access to Growth Capital [Wyalusing, PA – August 8, 2022] - Mutual Capital Investment Fund (“MCIF” or the “Fund”) is pleased to announce that it has received a $56.25 million capital commitment from a multi-billion dollar institutional investment manager. The investor has embraced the MCIF strategy that is premised upon raising capital from the mutual community and using that capital to make minority investments in the mutual insurance industry. To ensure that the mutual community has the opportunity to provide the majority of capital, the investor has agreed to limit its participation to 45% of the Fund. Additionally, the investor has indicated a strong interest in providing additional capital as a co-investor should a potential transaction require a higher level of financial support....
