Centerbridge Partners completed the acquisition of a 11.75% stake in TypTap.for $100m.

Centerbridge Partners completed the acquisition of a 11.75% stake in TypTap, an InsurTech company, for $100m. “This capital infusion will enable TypTap to pursue its national expansion plans rapidly and to continue developing innovative insurance-related technologies. We will immediately begin preparing TypTap for future growth. Centerbridge will be a valuable partner in all our efforts and we look forward to working with them," Paresh Patel, TypTap CEO.