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Exiger Holdings
Exiger Holdings, co-founded by Michael Cherkasky, is an AI-powered supply-chain and risk-intelligence firm acquired for $1.2B by Carlyle and Insight in...
Exiger Holdings
Exiger was founded in 2013 by Michael Cherkasky, formerly the CEO of Kroll and the court-appointed monitor overseeing New York City's post-9/11 recovery. The firm launched with a core focus on regulatory compliance and financial crime advisory, soon expanding into government services. Its early work included acting as an independent monitor for corporations under consent agreements with U.S. regulators, establishing a reputation for deep investigative and remediation expertise. The firm remains headquartered in New York, with significant operational hubs in London, Singapore, and Washington, D.C. Exiger's strategy centers on combining proprietary AI software with human-led investigations to manage supply-chain risk, third-party due diligence, and sanctions compliance. Its technology stack, anchored by the DDIQ and Ion Channel platforms, screens billions of data points to map corporate relationships and flag illicit finance risk. Confirmed mandates include serving as the independent supply-chain auditor for the U.S. Department of Justice's forced-labor enforcement on a major solar import case. The firm deploys capital and expertise across software development, risk advisory services, and government contracting, with active operations across North America, Europe, and the Asia-Pacific region. In July 2023, a consortium led by The Carlyle Group and Insight Partners acquired a majority stake in Exiger from its previous backers, including Carrick Capital Partners, in a deal valuing the enterprise at $1.2 billion (per The Wall Street Journal, 2023). The investment was structured to accelerate AI product development and expand the firm's federal and defense-sector reach. The firm operates additional offices in Toronto, Vancouver, and Silver Spring, Maryland, positioning it close to key client concentrations in both the public and private sectors. Exiger's structural differentiator is its hybrid posture as a scaled software-as-a-service business embedded inside a compliance advisory and government-contracting firm. This architecture gives it access to sensitive federal law-enforcement and intelligence-agency workflows that pure-play software vendors cannot replicate, while its recurring-revenue technology lines now drive the majority of its valuation.
General information
Firm type
Asset Manager
Year founded
2013
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Additional offices
London · Singapore · Washington, D.C. · Silver Spring · Toronto · Vancouver
Principals
Michael Cherkasky
Co-Founder and Executive Chairman
Brandon Daniels
Chief Executive Officer
Michael Beber
President
Carrie Wibben
Chief Technology Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Exiger?
Exiger operates as an operating company, not an investment firm, so there are no fund-level investment decisions in the traditional sense. Strategic and capital allocation decisions are led by CEO Brandon Daniels and President Michael Beber under the board governance of majority owners Carlyle and Insight Partners. Co-founder Michael Cherkasky remains executive chairman, providing continuity on long-term strategic posture.
What did Carlyle and Insight pay for Exiger in 2023?
The consortium acquired a majority stake at an enterprise valuation of $1.2 billion, as reported by The Wall Street Journal in July 2023. The sellers included prior growth-equity backers Carrick Capital Partners. The transaction was structured to provide liquidity to early investors while recapitalizing the company for its next phase of AI-driven product expansion.
How does Exiger's technology relate to its compliance advisory work?
Exiger's DDIQ platform automates the screening of counterparties and supply chains against sanctions, watchlists, and adverse media, producing auditable risk scores. Its Ion Channel platform, acquired in 2022, specializes in software supply chain security. These tools feed the firm's managed-services and government-contracting engagements, creating a flywheel where client mandates improve the AI models and the AI models in turn win larger mandates.
What government agencies does Exiger work with?
Exiger does not disclose its full government client list, but public records confirm it has served as an independent auditor and compliance monitor for the U.S. Department of Justice and the Department of Homeland Security. Its forced-labor supply-chain audit work is a matter of public record in federal trade-enforcement actions.
Is Exiger a family office or related to one?
No. Exiger is a private equity-backed operating company focused on regulatory technology, supply-chain risk, and compliance. It does not manage family wealth, and no single-family wealth origin is associated with its founding or control. The firm should be analyzed entirely as a corporate entity within a sponsor-backed governance structure.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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