H&F’s Hub Lands $29 Billion Valuation in $1.6 Billion Round

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By Swetha Gopinath and Aaron Kirchfeld

May 12, 2025 at 4:32 PM UTC

Hellman & Friedman-backed Hub International Ltd. has raised $1.6 billion in fresh equity in a funding round that values the insurance brokerage at $29 billion.

The round is being led by T. Rowe Price Investment Management Inc., Alpha Wave Global and Temasek, and includes participation from other new and existing investors, Hub said in a statement Monday.