26 – 100 in alphabetical order: Tarik Galijasevic, Allstate Strategic Ventures
Tarik Galijasevic is head of Allstate Strategic Ventures, the corporate venturing arm of US-based insurance provider Allstate, which invests directly in startups that are strategically relevant for the parent organisation.
The unit looks to deliver both strategic and financial returns through minority investments, business partnerships and other strategic relationships. By accessing emerging markets, products, services and talent, it accelerates Allstate’s business strategies to create new business opportunities.
As managing director of Allstate Strategic Ventures after the retirement of senior vice-president Jeff McRae at the end of February, Galijasevic oversees all aspects of the venture investment process, identifying, closing and monitoring deals.
He and his team work internally with leaders of Allstate’s different business units to determine key focus areas and priorities for investments and business development and to liaise between Allstate and its portfolio companies.
The unit also collaborates externally with institutional venture capital firms, incubators, accelerators, academia, entrepreneurs and others to seek technologies and startups that can help Allstate grow and transform its business.
His prior responsibilities at Allstate included helping develop corporate strategy, leading M&A buy-side and sell-side processes, including a $1.4bn acquisition in 2016 of SquareTrade, a US-based extended warranty provider for the consumer electronics industry, structuring and negotiating partnerships and joint ventures.
In addition, Allstate acquired US-based employee identity protection service provider InfoAmor for $525m last year.
Galijasevic has 15 years of experience across business development, venture capital, private equity, mergers and acquisitions, leveraged buyouts, investment banking, private placements, initial public offerings and secondary offerings, dividend recaps, asset-backed securities, high grade and high yield debt and portfolio management.
Having closed more than 40 deals in his career with a total transaction value of more than $27bn in Europe, North America, Africa and Asia, Galijasevic has advised multinationals and small and medium-sized companies in different industries including automotive, shipping, aerospace and defence, industrial, consumer and healthcare, pharmaceutical and information technology.
Before joining Allstate, Galijasevic had been an investment banking and business development consultant for five years at private equity startup TG-F, where he helped build the company from scratch, executing deals for small and medium-sized companies in Europe and North America.
Galijasevic started his career at financial services firm JPMorgan Chase where he spent almost five years, holding different roles. He led and executed M&A deals, public and private equity and debt transactions and strategic advisory assignments.
Some of his notable deals included:
He holds a bachelor of science degree with a magna cum laude in civil engineering from Illinois Institute of Technology (IIT) and an MBA in finance, international business and entrepreneurship from IIT’s Stuart Graduate School of Business.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.