CNO Financial Group

CNO Financial Group is a holding company based in Carmel, Indiana, that specializes in developing, marketing, and administering a range of insurance products aimed at senior and middle-income markets in the United States. The company operates through several segments, including Bankers Life, Washington National, and Colonial Penn. Bankers Life offers Medicare supplement insurance, life insurance, fixed annuities, and long-term care insurance. Washington National focuses on supplemental health insurance and life insurance products distributed through independent marketing organizations and insurance agencies. Colonial Penn primarily markets life insurance directly to consumers using channels such as television advertising and online platforms. CNO Financial Group's products are distributed through career agents, independent producers, and direct marketing, catering to consumers through various methods including phone, online, and face-to-face interactions. The company was founded in 1979 and continues to serve the evolving needs of its clients in the insurance market.

Paul H. McDonough

CFO

8 past transactions

Rialto Capital

Corporate Round in 2022
Rialto Capital Management LLC, a subsidiary of Lennar Corporation, is a real estate investment and asset management company headquartered in Miami, Florida. Established in 2007, Rialto focuses on investing in distressed residential and commercial real estate, as well as managing various assets throughout the capital structure, including loans and securities. The firm emphasizes raising, investing, and managing third-party capital, while also engaging in the origination and securitization of commercial mortgage loans. Rialto's diverse platform encompasses a range of activities, including partnerships with institutional and high-net-worth investors, structured transactions with federal entities, and participation in public-private investment initiatives. The company boasts a seasoned management team with extensive experience in distressed debt, commercial mortgage-backed securities, and asset management, operating across the United States and Europe.

Nayya

Series B in 2021
Nayya Health, Inc. is a digital health software company founded in 2019 and based in New York. The company leverages artificial intelligence and data science to enhance how employees select and utilize their employee benefits. Nayya's platform analyzes vast amounts of provider data to offer personalized recommendations for medical procedures and networks, ensuring users can access affordable, high-quality care. Additionally, the software assists users in searching for doctors and understanding their insurance options, while also providing relevant patient information to healthcare providers upon patient arrival.

DirectPath

Acquisition in 2021
DirectPath, LLC specializes in strategic employee engagement, compliance management, and benefits plan management services for large employers and brokers. Founded in 2003 and based in Birmingham, Alabama, the company was previously known as Enrollment Advisors, Inc. and rebranded in March 2016. As an industry leader, DirectPath helps Fortune 1000 clients achieve significant returns on investment through enhanced employee participation, effective management of regulatory changes, and streamlined benefits administration. The firm's services include personalized benefits education, health care transparency, and administration of tax-advantaged reimbursement plans. DirectPath operates as a subsidiary of Flores & Associates, LLC, with a national presence that allows it to effectively serve its diverse clientele.

Fabric Technologies

Series B in 2020
Fabric Technologies, Inc. is a Brooklyn-based company that specializes in providing life insurance solutions aimed at helping families secure their financial futures. Founded in 2015, it offers affordable term life insurance, along with essential services such as last will and testament preparation and tools for organizing family finances. The company prioritizes simplifying the life insurance process, making it more accessible for new parents. Through its subsidiary, Fabric Insurance Agency, LLC, the company also offers services including life insurance, health insurance, and accidental death coverage. Their flagship products include Fabric Instant, an accidental death insurance policy, and Fabric Premium, a term life insurance policy that covers deaths resulting from both accidents and illnesses. Overall, Fabric Technologies strives to create a smarter, user-friendly approach to insurance for families across the United States.

Human API

Series C in 2020
Human API is a health data platform that facilitates the connection and sharing of personal health information across various applications and devices. Founded in 2013 and headquartered in Palo Alto, California, the platform enables developers to create applications that access health data from a wide range of sources, including hospitals, electronic medical records, pharmacies, and over 300 wearable devices. Human API provides users with a single sign-on feature, allowing them to authenticate and manage their health data securely. The platform's unified data API ensures that the information is presented in a consistent format, making it easier for medical researchers and healthcare providers to utilize actionable data. This network empowers consumers to control their health data sharing, while offering businesses a streamlined approach to access fragmented data sources. Human API's services are utilized by telemedicine companies, disease management platforms, wellness organizations, and traditional healthcare facilities.

HealthCare.com

Series B in 2019
HealthCare.com operates an online platform designed to educate consumers about healthcare and Medicare insurance options. Founded in 2006 and based in Miami, Florida, the company enables users to search for and compare various health plans, access healthcare resources, and utilize tools for understanding coverage options. As an independent, advertising-supported website, HealthCare.com generates revenue through leads, clicks, calls, and applications, and may receive compensation from advertisers for sponsored products and services. It is important to note that HealthCare.com does not act as a broker or agent in the sale of insurance products and does not provide a comprehensive listing of all available companies or products. The company also has additional offices in New York City, Indianapolis, and Guatemala City.

Web Benefits Design

Acquisition in 2019
Web Benefits Design Corporation is a national leader in employee benefits technology and administration, headquartered in Orlando, Florida. Founded in 2001, the company specializes in providing a cloud-based platform that offers a customizable suite of solutions for managing employee benefits programs. This includes end-to-end HR administration, compliance management, and effective communication tools. The firm collaborates with employers and brokers to develop innovative technology solutions, such as online enrollment systems, benefits administration, ACA reporting, and COBRA management. As a subsidiary of CDOC, Inc., Web Benefits Design aims to streamline benefits administration for human resource professionals and their employees.

Tennenbaum Waterman Fund

Funding Round in 2016
Tennenbaum Waterman Fund is a direct lending fund managed by Tennenbaum Capital Partners, LLC, a prominent alternative investment management firm founded in 1999. Based in Santa Monica, California, the fund focuses on investments across North America and Europe, targeting sectors such as commercial products, commercial services, financial services, business products, cleantech, and industrial sectors. Tennenbaum Capital Partners has established a strong track record in credit opportunities, having invested approximately $9 billion in over 170 portfolio companies through various strategies, including specialty funds focused on debtor-in-possession financing. With about $5 billion in capital under management, the firm is well-positioned to pursue diverse investment opportunities while maintaining a commitment to performance and strategic growth.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.