---
schema_version: "secwatch.filing_event.v1"
accession: "0001393726-21-000112"
form_type: "8-K"
ticker: "TIPT"
cik: "0001393726"
company_name: "TIPTREE INC."
filed_at: "2021-10-12T23:59:59+00:00"
generated_at: "2026-06-28T21:22:40.504591+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Tiptree announces $200M Warburg Pincus investment in Fortegra for ~26% stake

## Summary
- Warburg Pincus to invest $200M in Tiptree's insurance subsidiary Fortegra, acquiring ~26% fully diluted stake (press release says ~24%).
- Proceeds to repay Fortegra debt and capitalize growth; expected close Q1 2022 subject to regulatory approvals.
- Fortegra underwrites over $2.0B annual gross written premiums; Warburg Pincus gets board representation and consent rights.
- Investment includes common stock, warrants (7-yr term, $15 exercise price), and 8% cumulative convertible preferred stock ($15 conversion).
- Tiptree to hold conference call at 9:00 AM ET Oct 12 to discuss transaction; stock symbol TIPT.

## SEC filing metadata
- accession: 0001393726-21-000112
- form_type: 8-K
- ticker: TIPT
- cik: 0001393726
- company_name: TIPTREE INC.
- filed_at: 2021-10-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393726/000139372621000112/0001393726-21-000112-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393726/000139372621000112/tipt-20211011.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001393726-21-000112
- JSON: https://secwatch.observer/filing/0001393726-21-000112.json
- Plain text: https://secwatch.observer/filing/0001393726-21-000112.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.