CoreLogic

Private Equity Manager (GP)

Case study

About the company

CoreLogic is a provider of information and outsourced services primarily to the mortgage, real estate, and insurance sectors. CoreLogic’s services can be divided into two key segments– underwriting services (representing 66% of revenues), and property intelligence & risk management (representing 34% of revenues).

Investment Rationale

• Owner of largest residential real estate data assets in the industry, with total records spanning nearly all residential land parcels in the USA.
• Proven M&A platform well placed to acquire a broad range of potential targets in the mortgage, real estate and insurance sectors.
• Highly diversified revenue base by concentration and end market.

Our relationship

PIP is a primary investor in seven Insight Partners (“Insight”) funds and has acquired secondary interests in several Insight funds. In addition, PIP has participated in seven co-investments alongside the manager.

Active management and value creation

• Insight has built a perspective on the industry over many years, having invested in its first insurance technology deal over 20 years ago.
• The private equity manager has built an impressive track record of investing in software companies with unique data assets, which it believes will help CoreLogic better utilise its robust datasets and reposition the business into higher-growth revenue segments.
• A dedicated team of 40+ M&A professionals at Insight is expected to be a key source of value creation.