New broker Integro raises $300M

"Integro Ltd., the brokerage set up by industry veteran Robert Clements and two other former Marsh Inc. executives, is getting off the ground, following the completion of a securities placement that raised more than $300 million, the company said Friday."

[BI Daily News]

Daniel Primack over at PE Week Wire reports that DLJ Merchant Banking, Weston Presidio and others participated in the round. Of the total $300M raised, no single investor provided more than $40M in this first round of financing round. Integro, which means fresh start in Latin, is headed by Clements who helped to build ACE, XL Capital, Arch Capital Group. He was former president of Marsh & McLennan.