Reverence Capital Partners

Investment decisions are led by the three co-founders: Milton Berlinski (Managing Partner), Peter Aberg (Partner), and Alex Chulack (Partner). All three previously worked together at Goldman Sachs and have overseen financial-services deals across asset management, banks, specialty finance, capital markets, insurance, and fintech. The broader investment team includes Managing Directors and sector-focused Senior Vice Presidents who serve on portfolio company boards.

Deal flow relies heavily on the founders’ multi-decade relationships across the financial-services industry, reinforced by a dedicated origination function. In September 2022 the firm hired Michael Lee as Head of Investment Strategy & Origination to build a systematic outbound prospecting effort anchored in thematic research — an unusual resourcing choice for a middle-market manager. The firm's in-house capital markets group, added in 2026, further extends its lender and intermediary network.

Reverence Capital Partners operates as a traditional private investment firm managing external capital, not as a single-family office. Its limited partners include public and private pension plans, sovereign wealth funds, endowments, foundations, and family offices. The founders have committed significant personal wealth to the funds, but the firm raises and deploys institutional capital across discretionary funds.

The firm's primary model is direct, control and influence-oriented investing in middle-market financial-services companies. The website does not describe a fund-of-funds program or discretionary commitments to outside GPs, though the structured credit and real estate solutions arms may invest indirectly in some cases. The capital markets team also runs an equity co-investment program alongside Reverence's flagship funds.

The private equity strategy addresses buyouts, growth equity, corporate spin-offs, divestitures, and take-privates. Portfolio companies tend to be established middle-market businesses rather than early-stage ventures, consistent with Reverence's focus on control positions where the team can influence strategy, governance, and operational direction post-close.

Reverence openly defines itself as a financial-services specialist and does not indicate any appetite for generalist investments outside the sector. Within financials, the firm's stated subsectors are asset management, banks and specialty finance, capital markets, insurance, and fintech; consumer, healthcare, industrial, and technology verticals appear absent from disclosed portfolio activity.

Milton Berlinski spent 26 years at Goldman Sachs, where he was a founding member of the Financial Institutions Group and later led the firm’s global financial-sponsor coverage. Peter Aberg worked 28 years at Goldman, mainly in the Securities Division, co-heading the Principal Finance Group. Alex Chulack spent eight years at General Atlantic leading financial-services investing, preceded by investment-banking roles at Morgan Stanley and Goldman Sachs. All three hold MBAs from Wharton (Berlinski and Aberg) or a BA from Amherst (Chulack).