Alera raises more private equity capital

Private equity-backed brokerage Alera Group has secured $150 million in funding from The Carlyle Group Inc., the companies announced Wednesday.

Alera will use the funds to “support ongoing growth and acquisition activities,” the statement said.

Alera launched with 24 acquisitions in 2017 with funding from Genstar Capital LLC.

In the statement, David Graham, director of debt capital markets at Genstar said the Carlyle investment “represents a significant next step in Alera’s growth trajectory, and we are excited about adding Carlyle’s expertise and capital to the organization.”

The acquisitive brokerage is the 17th largest broker of U.S. business, according to Business Insurance’s most recent ranking, with $456 million in revenue.