Sun Life Financial

Sun Life Financial, founded in 1865 and headquartered in Toronto, Canada, is a prominent insurance company that offers a diverse range of products, including life, health, dental, and disability insurance, as well as education savings, medical insurance, retirement planning services, and annuities. As part of its asset management division, Sun Life Global Investments manages a variety of equity and fixed income mutual funds, providing high-quality investment solutions to Canadian investors. The company operates not only in Canada but also in the United States, the United Kingdom, and various Asian markets, including Hong Kong, the Philippines, and India. Sun Life Financial focuses on enhancing its distribution capabilities and aims to expand its offerings through strategic acquisitions, targeting institutional investors seeking alternative asset classes. Its long-standing relationships with major employers and commitment to innovative technology further support its mission to provide financial security to millions of clients.

Thomas Clulow

Senior Vice President, Corporate Development

Chris Denys

Senior Vice President of Possibilities, Lumino Health

Christopher Wei

Executive Vice President, Chief Client and Innovation Officer

18 past transactions

Bowtie Life Insurance Company Limited is a virtual insurer based in Kwun Tong, Hong Kong, established in 2017. The company specializes in providing life and medical insurance plans, particularly through its commission-free Voluntary Health Insurance Scheme (VHIS) Standard Plan. Bowtie leverages technology to deliver a fully digital insurance experience that eliminates traditional practices such as paperwork and commissions, thereby enhancing transparency and efficiency for customers. Backed by Sun Life and prominent international investors, Bowtie adheres to the same rigorous standards expected of traditional insurers, ensuring reliable service for its clientele.

DentaQuest

Acquisition in 2021
DentaQuest Group, Inc. is a Boston-based company that specializes in dental benefits administration and management solutions, serving over 30 million members across the United States. Founded in 2001, DentaQuest offers a comprehensive range of services, including managed dental and vision benefits, as well as direct care through a growing network of clinics. The company aims to improve oral health and hygiene while managing costs, providing outcomes-based and cost-effective dental services to various populations, including Medicaid and CHIP, Medicare Advantage, and both small and large businesses. By focusing on affordable access to dental healthcare, DentaQuest plays a pivotal role in enhancing the overall health of its clients.

Collective Health

Series F in 2021
Collective Health offers a cloud-based platform that transforms how self-insured employers manage health benefits. This integrated system allows companies to administer various health plans through a single portal, providing employees with clear guidance, live concierge support, and digital tools to navigate their healthcare options. By focusing on a smarter alternative to traditional health insurance, Collective Health aims to enhance the value of healthcare investments while improving employee care. The company has experienced significant growth in the employer-sponsored insurance market, currently covering 70,000 employee and dependent lives across 15 employers, including notable clients such as Activision Blizzard, Crossfit, eBay, Palantir, and Red Bull.

PinnacleCare

Acquisition in 2021
PinnacleCare International, LLC is a health advisory firm based in Baltimore, Maryland, that offers a range of services designed to assist individuals, families, and organizations with their healthcare needs. Established in 2000, the company provides solutions such as private health advising, universal medical records, second opinions, eldercare support, and healthy living resources. Clients benefit from access to leading physicians, specialists, and advanced medical treatments through a single point of contact. PinnacleCare emphasizes personalized guidance and expert medical opinions, enabling informed decision-making for complex health issues. The firm also ensures that clients have access to their complete medical records online, alongside 24/7 support for travel and emergencies, making healthcare management more straightforward and comprehensive.

Crescent Capital Group

Acquisition in 2020
Crescent Capital Group is a global alternative investment firm founded in 1991 and headquartered in Los Angeles, with additional offices in New York, Boston, and London. The firm specializes in alternative and private credit investments, managing approximately $28 billion in assets as of mid-2013. Crescent Capital employs around 60 investment professionals who focus on various levels of the capital structure, emphasizing below investment grade credit. Their investment strategies include senior bank loans, high-yield debt, mezzanine debt, distressed debt, and other private debt securities. The firm aims to provide unique investment opportunities through its diverse portfolio and expertise in the alternative investment landscape.

Dialogue

Series B in 2020
Dialogue Technologies Inc. operates a comprehensive care platform that focuses on employee wellness and health solutions. Founded in 2016 and based in Montreal, Canada, the company serves Canadian employers by providing a variety of services designed to enhance team engagement and health. Its platform facilitates virtual access to a multidisciplinary team of healthcare professionals, enabling employees to consult with nurses and doctors, navigate care options, receive medication deliveries, and obtain referrals to specialists. Dialogue aims to improve overall wellbeing by reducing barriers to quality care, supporting proactive management of both physical and mental health, and ultimately fostering a healthier workforce.

Dialogue

Series B in 2020
Dialogue Technologies Inc. operates a comprehensive care platform that focuses on employee wellness and health solutions. Founded in 2016 and based in Montreal, Canada, the company serves Canadian employers by providing a variety of services designed to enhance team engagement and health. Its platform facilitates virtual access to a multidisciplinary team of healthcare professionals, enabling employees to consult with nurses and doctors, navigate care options, receive medication deliveries, and obtain referrals to specialists. Dialogue aims to improve overall wellbeing by reducing barriers to quality care, supporting proactive management of both physical and mental health, and ultimately fostering a healthier workforce.

Rise People

Series A in 2020
Rise People, Inc. provides a comprehensive suite of human resources, benefits, and payroll management software solutions designed to streamline HR processes for businesses. The company offers a human resource information system (HRIS) that manages company and employee data, including contracts, tax documents, job descriptions, and performance evaluations. Its products also include a platform for group benefit insurance plans and an online payroll system that addresses payroll discrepancies, benefits deductions, and retirement savings plan matching. Rise People’s solutions facilitate tax remittances, compliance, direct deposits, pay stubs, vacation tracking, and benefits administration. Additionally, the company offers RISE lite, a payroll software tailored for small businesses. Founded in 2011 and based in Vancouver, Canada, Rise People was previously known as PaySavvy Canada Inc.

InfraRed Capital Partners

Acquisition in 2019
InfraRed Capital Partners is an investment management firm based in London, specializing in infrastructure and real estate investments. With a global presence, the firm operates from offices in Hong Kong, New York, Sydney, and Paris, managing over $9 billion in equity capital primarily for institutional investors. InfraRed focuses on Public-Private Partnerships in various sectors, including office, retail, industrial, and residential properties. Additionally, it invests in operational assets that generate renewable energy, emphasizing onshore wind farms and solar photovoltaic parks. The firm targets investments across multiple regions, including the United States, Australia, Canada, China, Chile, the United Kingdom, and Northern European countries such as France, Ireland, and Germany. In Australia, InfraRed specifically seeks opportunities within the road, rail, and hospital sectors. Since its inception over 25 years ago, InfraRed has launched multiple funds and continues to be a significant player in the infrastructure and real estate investment landscape.
Bowtie Life Insurance Company Limited is a virtual insurer based in Kwun Tong, Hong Kong, established in 2017. The company specializes in providing life and medical insurance plans, particularly through its commission-free Voluntary Health Insurance Scheme (VHIS) Standard Plan. Bowtie leverages technology to deliver a fully digital insurance experience that eliminates traditional practices such as paperwork and commissions, thereby enhancing transparency and efficiency for customers. Backed by Sun Life and prominent international investors, Bowtie adheres to the same rigorous standards expected of traditional insurers, ensuring reliable service for its clientele.

Rise People

Series A in 2018
Rise People, Inc. provides a comprehensive suite of human resources, benefits, and payroll management software solutions designed to streamline HR processes for businesses. The company offers a human resource information system (HRIS) that manages company and employee data, including contracts, tax documents, job descriptions, and performance evaluations. Its products also include a platform for group benefit insurance plans and an online payroll system that addresses payroll discrepancies, benefits deductions, and retirement savings plan matching. Rise People’s solutions facilitate tax remittances, compliance, direct deposits, pay stubs, vacation tracking, and benefits administration. Additionally, the company offers RISE lite, a payroll software tailored for small businesses. Founded in 2011 and based in Vancouver, Canada, Rise People was previously known as PaySavvy Canada Inc.

Maxwell Health

Acquisition in 2018
Maxwell Health offers a software-as-a-service platform that simplifies employee benefits and human resources for small to mid-sized employers. Founded in 2012 and headquartered in New York, with an additional office in Cambridge, Massachusetts, the company provides a comprehensive online service that includes information on various insurance products such as medical, dental, vision, and life insurance, as well as tools for benefits administration, payroll, and COBRA management. The platform features an intuitive marketplace that streamlines the process of purchasing benefits for employees and includes a mobile application for easy access. Maxwell Health aims to enhance the experience of insurance, financial, and wellness benefits for American families, leveraging its technology through partnerships with benefits advisors and insurance companies. In June 2018, Maxwell Health became a subsidiary of Sun Life Financial United States.

Collective Health

Series D in 2018
Collective Health offers a cloud-based platform that transforms how self-insured employers manage health benefits. This integrated system allows companies to administer various health plans through a single portal, providing employees with clear guidance, live concierge support, and digital tools to navigate their healthcare options. By focusing on a smarter alternative to traditional health insurance, Collective Health aims to enhance the value of healthcare investments while improving employee care. The company has experienced significant growth in the employer-sponsored insurance market, currently covering 70,000 employee and dependent lives across 15 employers, including notable clients such as Activision Blizzard, Crossfit, eBay, Palantir, and Red Bull.

Excel Funds Management

Acquisition in 2017
Excel Funds Management Inc. is a privately owned investment manager. The firm primarily provides its services to financial advisors. It launches and manages equity mutual funds for its clients. The firm also manages fixed income and balanced mutual funds. It invests in the public equity and fixed income markets across the globe. Excel Funds Management Inc. was founded in 1996 and is based in Mississauga, Canada with an additional office in Montreal, Canada. As of September 30, 2017, Excel Funds Management Inc. operates as a subsidiary of Sun Life Global Investments (Canada) Inc. As of January 2, 2018, Excel Funds Management Inc. operates as a subsidiary of Sun Life Global Investments (Canada) Inc..

Maxwell Health

Series C in 2016
Maxwell Health offers a software-as-a-service platform that simplifies employee benefits and human resources for small to mid-sized employers. Founded in 2012 and headquartered in New York, with an additional office in Cambridge, Massachusetts, the company provides a comprehensive online service that includes information on various insurance products such as medical, dental, vision, and life insurance, as well as tools for benefits administration, payroll, and COBRA management. The platform features an intuitive marketplace that streamlines the process of purchasing benefits for employees and includes a mobile application for easy access. Maxwell Health aims to enhance the experience of insurance, financial, and wellness benefits for American families, leveraging its technology through partnerships with benefits advisors and insurance companies. In June 2018, Maxwell Health became a subsidiary of Sun Life Financial United States.

Assurant Employee Benefits

Acquisition in 2016
Assurant Employee Benefits, a part of Assurant, Inc.(NYSE: AIZ), is a provider of employee benefit insurance products. The company offers a wide range of employer-paid and employee-paid (voluntary) products, tailor-made for small to mid-size businesses including disability, life and AD&D, dental and reinsurance management services.

Ryan Labs Asset Management

Acquisition in 2015
Ryan Labs Asset Management Inc. is a privately owned investment manager based in New York, specializing in fixed income portfolio management for institutional clients. Founded in 1998, the firm caters to a diverse range of entities, including pension plans, foundations, endowments, hospitals, municipalities, and insurance companies. Ryan Labs focuses on creating tailored fixed income portfolios that align with the specific duration needs of its clients, utilizing a disciplined investment approach that combines fundamental and quantitative analysis. The firm is known for its innovative strategies, including Liability Driven Investing (LDI) managed against custom liability indexes. Ryan Labs was a pioneer in the industry, being the first asset manager to create a bond portfolio aligned with daily Custom Liability Indexes. As of 2015, it operates as a subsidiary of Sun Life Investment Management Inc.

Worknowledge

Series B in 2001
Worknowledge a provider of human capital development and e-learning solutions.
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