TPG's GP Solutions Invests in Earnix Continuation Fund

TPG's GP Solutions has invested in the Earnix Continuation Fund, expanding its market solutions platform. Earnix is a leading provider of analytics and decision management solutions for the insurance industry. This investment will help TPG further diversify its portfolio and tap into the growing demand for data analytics and AI-powered solutions in the insurance sector.

Private equity firm TPG GP Solutions LP has invested in a single-asset continuation vehicle for the insurance technology company Earnix Inc. in a deal valued at $290 million. The investment, approved by US regulatory authorities, will convert an early-stage Jerusalem Venture Partners (JVP) fund into the vehicle for a 54% stake in Earnix [1].

Under the deal, JVP will continue to manage the fund as its general partner, with TPG GP Solutions, Insight Partners Inc., and other private investors becoming limited partners. The agreement allows JVP’s earlier investors to liquidate their holdings or roll them over. Some early investors who chose to cash out saw a nearly ninefold return on their original investment [1].

Earnix, founded in 2001, uses artificial intelligence and advanced analytics to help insurers and banks offer personalized financial products. The company is cash-flow positive, with over $100 million in annual recurring revenue and aims to increase that to $300 million in the coming years [1].

The investment by TPG GP Solutions, the secondaries strategy of alternative asset manager TPG Inc., is part of a broader trend of larger private equity firms using continuation funds to extend their hold on promising investments. These funds can be set up to hold a single asset, buying time to exit the investment later [1].

This investment aligns with TPG’s strategy to diversify its portfolio and tap into the growing demand for data analytics and AI-powered solutions in the insurance sector. Earnix’s CEO, Robin Gilthorpe, expects the company to have several choices in about three years, including the option of an IPO [1].

The growth of the insurance technology sector, driven by advancements in AI and data analytics, presents a significant opportunity for investors. Companies like Earnix, which specialize in these areas, are well-positioned to benefit from this trend. The investment by TPG GP Solutions underscores the potential for high returns in this sector.

References:
[1] https://www.bloomberg.com/news/articles/2025-09-08/tpg-backs-continuation-fund-for-earnix-in-290-million-deal