Tiptree owns majority interest in the six operating companies below. We look for companies that offer sustainable, long-term and stable financial performance. We also make opportunistic, non-control investments. Over time our mix of businesses may change as we seed new opportunities and support initiatives by our subsidiaries to build shareholder value.
Fortegra Financial Corporation and its subsidiaries comprise a single-source insurance services provider that offers a range of consumer protection options including warranty solutions, credit insurance, and specialty underwriting programs. Delivering multifaceted coverage with an unmatched service experience for both partners and their customers, Fortegra solves immediate, everyday needs, empowering consumers to worry less and Experience More. Fortegra's brands include Fortegra™, Life of the South®, 4Warranty, ProtectCELL™, Continental Car Club™, Auto Knight Motor Club™, United Motor Club™, Consecta™, Pacific Benefits Group™, and South Bay Acceptance Corporation.
Telos Asset Management LLC (“Telos”) is an asset management company primarily focused on senior secured corporate credit, primarily in the form of CLOs. Telos Asset Management manages approximately $1.8 billion in fee-earning AUM as of December 31, 2016. Telos manages seven CLOs: Telos CLO 2006-1, Ltd., Telos CLO 2007-2, Ltd., Telos CLO 2013-3, Ltd., Telos CLO 2013-4, Ltd., Telos CLO 2014-5, Ltd., Telos CLO 2014-6, Ltd. and Telos CLO 2016-7, Ltd.
Care Investment Trust LLC, or “Care,” is a New York based real estate investment company focused exclusively on the seniors housing sector. Care owns assisted living facilities, memory care facilities, independent living facilities, and senior apartments throughout the United States. Care invests in properties and portfolios ranging from $5 million to over $200 million, and structures investments on a case-by-case basis to meet the needs of its operating partners and investors.
Siena Lending Group (“Siena”) is a commercial finance company offering asset based loans to small and mid-sized companies. Tiptree acquired its initial interest in Siena in April 2013. Siena originates, structures, underwrites and services senior, secured asset-based loans for companies with sales typically between $5 million and $50 million operating across a range of industry sectors. Their core financing solutions include revolving lines of credit and term loans, which may collectively be referred to as asset-based loans.
Luxury Mortgage Corp. (“Luxury”) is a residential mortgage origination company. Tiptree made its initial investment in Luxury in April 2013 in the form of a term loan. Tiptree acquired its equity interest in Luxury in January 2014. Luxury Mortgage is licensed or qualified to do business in 19 states with primary focus on jumbo loans in the northeast and western regions of the U.S.
Reliance is a national mortgage banker committed to responsible lending with superior service, to offering all consumers competitively-priced, affordable and fair mortgage loans, and to preserving access to credit in the residential real estate lending market. Reliance is currently licensed or authorized to lend in 32 states.