Pine Brook Road Advisors, L.P.

Key Holdings

The portfolio is entirely composed of Fidelis Insurance Holdings, which accounts for 100% of the total assets. The firm holds 7.21 million shares of the company, valued at $141.10 million. This absolute dominance indicates that the performance of the fund is inextricably linked to the performance of Fidelis Insurance Holdings. The fact that this is the sole holding implies that Pine Brook Road Advisors likely played a foundational role in the creation or formation of the company (such as a sponsor or seed investor) and has chosen to maintain this position rather than distribute shares or diversify into other assets. The position remained unchanged in share count during the quarter, signaling a "hold" strategy and a lack of desire to realize gains or reduce exposure at this time.