Private equity firm Alaris Equity Partners completed the $40m investment in FNC Title Services, a full-service title and settlement company, specializing in reverse mortgages. Based on Alaris' review of FNC's internal pro forma financial results for the most recent trailing twelve-month period in 2020, as well as the post-closing capital structure, management of Alaris believes that FNC would have an earnings coverage ratio above 2.0x, which gives effect to the FNC Investment and other changes to FNC's capital structure and the FNC Distribution payable to Alaris.