Tarik Galijasevic is managing director for Allstate Strategic Ventures (ASV), a strategic corporate venture capital (CVC) arm that invests off the balance sheet of Allstate Insurance Corporation.
ASV was set up in 2015 to invest in entrepreneurs whose disruptive technologies — ranging from insurtech to new mobility models to deep and frontier tech — will help shape the future of the insurance industry and adjacent sectors.
Among its current portfolio companies are Prevailion, a US-based compromise intelligence company, Carpe Data, a leader in alternative and emerging data space and next-generation text-mining platform Amenity Analytics, which is headquartered in New York City.
Speaking to Global Corporate Venturing in 2021, Galijasevic said he believed a CVC unit is a strategic imperative for a major corporation: “One company cannot achieve everything independently. Showing the value that CVC units can bring to the broader enterprise is critically important.
“If investing is done correctly, not only will the enterprise receive returns on the business side, but CVCs can generate meaningful returns above risk-adjusted cost of capital. It is an added benefit if companies can integrate what they have learned from CVCs into their broader strategic decisions.”
A native of Bosnia and Herzegovina, Galijasevic moved to the Chicago area in 1995 to pursue his education, earning a bachelor’s degree in civil engineering from Illinois Institute of Technology (IIT) and an MBA from IIT’s Stuart School of Business.
Galijasevic began his career at JPMorgan’s Investment Bank, where he focused on private equity, mergers and acquisitions and capital raising in the transportation and consumer goods sectors.
