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Sica | Fletcher Advises ALKEME Insurance and GCP Capital Partners in Single-Asset Continuation Vehicle Transaction with Apollo S3.

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Overview of Transaction

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  • ALKEME Insurance
    Established in 2020, ALKEME has rapidly grown into a national insurance brokerage platform by pursuing an acquisition-focused strategy. The company delivers a broad suite of services—including property and casualty insurance, employee benefits, and risk management solutions—to both commercial clients and individual policyholders. Headquartered in Ladera Ranch, California, ALKEME now employs more than 1,000 employees operating across 29 states. The firm has positioned itself as an acquirer of choice in the insurance brokerage space, leveraging scale, technology, and a culture of collaboration to integrate acquired agencies while preserving their local presence expertise.

  • GCP Capital Partners (GCP)
    Founded in 2000, GCP is a middle-market private equity firm with over $2 billion in committed capital under management. The firm has executed more than 70 transactions, with its leadership team bringing over a century of collective private equity experience. GCP is known for backing strong management teams and helping founder-led companies professionalize, scale, and expand into new markets. Its focus spans a wide range of industries—including financial services, healthcare, and technology-enabled business services—making it well-positioned to support platforms like ALKEME as they pursue aggressive growth strategies.

  • Apollo S3
    Apollo’s Sponsor & Secondary Solutions (S3) business is a specialized unit within Apollo Global Management, one of the world’s largest and most diversified alternative asset managers. S3 is dedicated to providing flexible capital solutions to asset managers and limited partners, addressing needs across the risk-return spectrum. The business complements Apollo’s broader investment platform, offering continuation vehicles, GP-led secondaries, and bespoke liquidity solutions across asset classes such as private equity, credit, infrastructure, and real estate. By partnering with S3, portfolio companies like ALKEME benefit from Apollo’s global scale, deep sector expertise, and long-term orientation.

 

Significance of Transaction

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  • Apollo’s investment through the single-asset continuation vehicle provides ALKEME and GCP with substantial capital to fuel its expansion strategy, enabling the company to pursue new geographic markets, deepen its presence in existing verticals, and broaden its service offerings.

  • The partnership underscores Apollo S3’s strategy of backing high-performing platforms and management teams, ensuring alignment of interests while accelerating value creation.

  • For ALKEME, the deal reinforces its position as one of the fastest-growing independent insurance brokerages in the U.S. and provides a foundation for sustainable long-term growth.

 

Sica | Fletcher's Role

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  • Sica | Fletcher served as a strategic and financial advisor to ALKEME and GCP throughout the transaction.

  • The deal highlights Sica | Fletcher’s proven ability to execute complex, large-scale transactions and its deep relationships with leading institutional investors, further cementing its role as a trusted advisor in the insurance and financial services sector.

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