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41908 Route 6 | PO Box 7 | Wyalusing, PA 18853



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....


Mutual Capital Investment Fund Announces Investment in Forge Group, Inc.

Mutual Capital Investment Fund, LP (“MCIF” or the “Fund”) a recently formed private fund focused on making investments in mutual holding companies and mutual insurance companies, announced its initial investment in common equity of Forge Group, Inc. (“Forge”) which closed March 11, 2022. The Fund purchased 556,335 shares of common stock issued by Forge in connection with the conversion of Amalgamated Casualty Insurance Company (“ACIC”) from a mutual to a stock company. ACIC, which will be renamed Forge Insurance Company, is now a wholly owned subsidiary of Forge. MCIF purchased approximately 27% of the 2,050,000 shares Forge offered. Jay Chadwick, chairman of the Fund sponsor, Mutual Capital Group, Inc., stated “I am pleased that MCIF was in a position to commit over $5.5 million to the...


Mutual Capital Investment Fund Announces Initial Investor Closing

Mutual Capital Investment Fund, a newly formed fund focused on making investments in the mutual insurance industry, announced its initial investor closing of $28 million. The Fund will continue investor solicitation over the next year and seeks additional investment of approximately $100 million primarily from the insurance industry as well as other participants experienced in mutual insurance company investing. The Fund sponsor is Mutual Capital Group, and its chairman, Jay W. Chadwick. “The goal of the fund is to provide ‘mutual friendly’ growth capital to mutual insurance companies and mutual holding companies,” Mr. Chadwick stated. “I have been a proud member of the mutual insurance industry for over 30 years; I believe in the model and want to perpetuate it. Mutuals can sometimes struggle with access...