GCP Capital Partners and Apollo S3 have led a strategic continuation vehicle investment in ALKEME, a top 35 US insurance brokerage, as the company accelerates its national expansion and acquisition strategy.

The funding will provide liquidity for existing investors while equipping ALKEME with fresh capital to pursue additional acquisitions, invest in technology, and scale its footprint across the insurance sector. Founded in 2020, ALKEME has already completed over 45 acquisitions and currently operates from more than 45 locations in 29 states.

“This milestone is a reflection of the hard work and dedication of our entire team,” said Curtis Barton, CEO of ALKEME. “With the support of world-class investors like GCP Capital and Apollo S3, ALKEME is uniquely positioned to drive innovation and redefine what’s possible in the insurance industry.”

Boris Gutin, Co-Managing Partner at GCP Capital, praised the firm’s momentum: “ALKEME’s impressive growth and commitment to excellence have set a new standard in the insurance brokerage space. Our investment reflects our belief in ALKEME’s long-term vision.”

The deal adds to a growing trend of private equity firms leveraging continuation vehicles to extend ownership in outperforming assets while creating liquidity for earlier backers. Apollo S3, the sponsor and secondaries platform of Apollo Global Management, is increasingly active in such transactions across private equity, credit, infrastructure, and real estate.

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