RRC’s leadership remains unchanged, with co-chief executive officers Lee Anne Creevy and Tricia Matson continuing to lead the firm. The deal adds two new board members: former Willis Towers Watson chief executive John Haley and former Marsh Captive Solutions president Ellen Charnley. Altaline plans to help RRC add credentialed actuaries and specialists as regulatory demands grow, alongside a new employee ownership program.

Altaline Capital Management has completed an undisclosed growth investment in Risk & Regulatory Consulting, a Farmington, Connecticut-based independent provider of actuarial, financial/IT and compliance support services to US insurance regulators. Founded in 1988, RRC has worked with state insurance departments for nearly 40 years, serving 44 states and jurisdictions with a team of about 160 professionals. Its work spans financial/IT examinations, market conduct examinations, actuarial services, insolvency and receivership support, market studies and investment analysis. RRC’s leadership and service offering are unchanged following the deal. Creevy and Matson continue as co-chief executive officers, and client engagements are continuing without interruption. As part of the firm's investment research, Altaline found the public sector actuarial solutions market compelling and RRC to have all the attributes they look for, including nearly four decades of regulatory relationships and genuine technical depth. Altaline intends to help RRC remain the best in class.

The deal is Altaline’s fourth platform investment in the compliance, safety and risk category over the past 12 months. Both directors were recruited through the Altaline Executive Network. Haley was chief executive officer of Willis Towers Watson from 2016 to 2021, having led its predecessor businesses since 1998; Charnley spent seven years as president of Marsh Captive Solutions. Altaline was advised by Citizens Capital Markets & Advisory, Oliver Wyman, Rubin Brown, Baker Hostetler, Calfee Halter & Griswold, Crosslake, and Howden. Apogem Capital provided debt financing and Align Collaborate provided equity financing.