Pine Brook Road Partners Closes $1.43 Billion Fund to Start New Energy, Financial Services Companies without Using Leverage

* Nine Private Equity Investments Completed Since Inception

NEW YORK--(Business Wire)--
Pine Brook Road Partners, LLC, a New York-based private equity firm, today
announced the final closing of its first fund with total capital commitments in
excess of $1.43 billion. Pine Brook is differentiated from other private equity
firms by its investment approach, which calls for starting businesses instead of
buying companies, investing equity to grow them, and not using financial
leverage to create returns.

In this fund, Pine Brook Capital Partners, L.P. will target equity investments
of $100 million to $200 million. The firm is currently focused on the energy and
financial services sectors. In addition, Pine Brook uses the "line of equity"
structure that helps mitigate the investment risk. Unlike traditional private
equity and leveraged buyout investments where all the capital is invested
upfront, Pine Brook`s "line of equity" approach advances capital over time as
the investment opportunity becomes de-risked.

The fund is managed by a team of eight managing principals led by CEO Howard
Newman and including Arnold Chavkin, Joseph Gantz, Robert Glanville, Robert
Jackowitz, Craig Jarchow, Michael McMahon, and William Spiegel. These partners
have worked together and invested successfully in the firm`s target sectors over
several years.

"We are very pleased to have completed a successful fundraising effort," said
Newman, "We appreciate the support from our Limited Partners who understand our
`Business Building` investment strategy and are equally pleased that nine
talented management teams have chosen to partner with Pine Brook to build their
companies."

The firm has completed nine investments in Pine Brook Capital Partners, L.P.
since inception in 2006, including such companies as:

* Common Resources, LLC, a start-up oil and gas exploration and production
company pursuing the development of non-conventional resource plays in the
onshore basins of the Gulf Coast, West Texas, and Mid-Continent.
* Stonegate Production Company, LLC, a start-up oil and gas company focused on
mature fields in on-shore U.S.
* Aurigen Re Capital Limited, a start-up life reinsurer that offers mortality
reinsurance to Canadian primary life insurers.
* Narragansett Bay Insurance Company, a specialty personal lines insurer
providing homeowner`s insurance in the northeastern U.S.

Pine Brook Road Partners received legal advice from Covington and Burling, LLP.
Lazard Freres & Co., LLC acted as placement agent in connection with the
fundraising.

About Pine Brook Road Partners, LLC

Pine Brook Road Partners, LLC, is a New York-based private equity firm
established in 2006 by a team of experienced private equity professionals to
make business building and other equity investments, primarily in the energy and
financial services sectors, where the firm`s partners have more than 100 years
of combined experience. Pine Brook typically backs experienced management teams
in building businesses that have the potential for significant long-term capital
appreciation. For more information please visit the company`s web site at
www.pinebrookpartners.com.

Stanton Public Relations & Marketing
Alex Stanton, 212-780-0701
astanton@stantonprm.com

Copyright Business Wire 2009