Lighthouse Management Secured $65 Million Senior Notes

Lighthouse Management, LLC (“LHMGT”) is a Southeastern US Homeowners focused MGA

• At the time of the transaction, expected to write ~$220mm of premium in 2021
• Specialize in coastal business in Louisiana, Texas, Florida, Mississippi, S. Carolina & N. Carolina

LHMGT completed a $65mm senior notes offering in December 2021

• Investor is a New York based private capital fund

Proceeds from the senior notes issuance were utilized to:

• Provide additional capital to Lighthouse’s affiliated carrier, Lighthouse Property Insurance Corporation (“LHPIC”)
• Redeem current outstanding debt
• Support organic growth efforts and for general corporate purposes

LHIC is a Southeast focused Homeowners Carrier

• “A (Exceptional)” Financial Strength Rating from Demotech
• 9th largest writer of homeowners’ premium in Louisiana in 2020
• Products are distributed through an exclusive network of ~3,000 licensed agency relationships

Lighthouse is run by CEO and industry veteran Patrick White

TCMA acted as exclusive placement agent to Lighthouse

• Offered crucial transactional advice and guidance throughout the transaction process
• Key transaction steps led by TCMA included:
  • Managing the preparation of financial packages and presentations for potential investors
  • Marketing the transaction to potential investors and managing a highly competitive process
  • Identifying the eventual investor during the marketing period
  • Managing the investor due diligence process
  • Providing insights around senior notes offering transaction terms & conditions
  • Assisting in the negotiation of transaction terms

(a) As of the time of the transaction.