On June 6, 2024, NexPhase Capital, LP ("NexPhase") announced that it had made an investment in Insurance Systems Inc. ("ISI"), a provider of enterprise software solutions to the property and casualty insurance industry.

NexPhase's investment will help enable ISI's continued growth in its existing markets, position the company for expansion into adjacent markets and facilitate continued product improvements designed to allow for more integrations, faster implementation and enhanced analytics for new and existing customers.


NexPhase, headquartered in New York City, is a thematically driven and operationally focused lower middle-market private equity firm that makes control investments in growth-oriented and capital-efficient companies within three distinct industry verticals: healthcare, software and consumer.

Gowling WLG was Canadian counsel to NexPhase in the transaction with a team led by Paul Carenza (tax) and Duncan Snyder (corporate/M&A); supported by Marco Wai (corporate/M&A); Bettina Burgess and Michael Piaseczny (employment); Manuel Martins and Fabiola Alvarez (financing); Christopher Oates (privacy); and Jim Longwell (IP).