Northgate Capital

🔥Active· Referral partnership — insurtech deal flow

Private equity — insurance services

Next action: Draft the advisory arrangement term sheet for Tomlast touch 2026-07-07

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Business Context

What this company cares about and where we fit

What they do: Mid-market PE focused on insurance distribution and services roll-ups.
Priorities: Adding operating-partner capacity for AI/tech diligence on insurance deals.
Where Siryous helps: Deal-by-deal tech & AI diligence, plus referral flow both directions.

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Our footprint inside the org

Origin: Tom Okafor is a 15-year relationship — former colleague from carrier days.
Key people: Tom (Managing Partner, sponsor), Omar Haddad (Principal, runs insurtech coverage).

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Now: Formalize the advisory arrangement — Tom floated a retainer + success fee structure.
Give first: Send Omar the specialty-MGA landscape map.

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Nothing here yet.

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＋ Log interaction

2026-07-07— Dinner(w/ Omar Haddad)
Omar joined dessert. He's building the insurtech coverage map for Fund IV; asked for my specialty-MGA landscape view. Next: send annotated landscape map.
2026-07-07— Dinner(w/ Tom Okafor)
Dinner with Tom in Boston. He floated formalizing: retainer + success fee for tech/AI diligence across Fund IV insurance deals. Asked me to draft the structure. Also wants my read on Brightline as a Fund IV target — flagged my potential conflict; he appreciated the disclosure. Next: term sheet draft + conflicts language.
2026-06-08— Call(w/ Tom Okafor)
Monthly-ish catch-up. Northgate closed the Atlas add-on acquisition. Tom credited the underwriting-ops findings from my diligence for the price adjustment. Referral energy high.