Stone Point Capital Joins GTCR as an Investor in Ultimus Fund Solutions

Whats Happening:

Stone Point Capital is joining GTCR as an investor in Ultimus Fund Solutions, a leading independent provider of fund administration services. The transaction involves Stone Point and GTCR Fund XIV reinvesting in the business, providing full liquidity to GTCR Fund XII. Current leadership, led by Gary Tenkman, will continue to operate the business and maintain substantial equity ownership. Following the closing, GTCR and Stone Point will jointly control the company with equal governance.

Key Moves:

• Stone Point Capital joins GTCR as an investor in Ultimus Fund Solutions

• GTCR Fund XIV and Stone Point to reinvest in the business

• Current leadership to continue operating the business with substantial equity ownership

By The Numbers:

• Ultimus serves over 450 clients

• The fund administers more than 2,100 funds

• Ultimus manages over $600 billion in assets

Key Quotes:

• "We look forward to partnering with the well-recognized financial services specialists at Stone Point and continuing to work with Gary Tenkman and the Ultimus management team to execute on the Company's next phase of growth." - Collin Roche, Co-CEO and Managing Director at GTCR

• "With the support of both Stone Point and GTCR, Ultimus is uniquely positioned to further accelerate our growth trajectory while continuing to deliver industry-leading capabilities and tailored solutions to our clients." - Gary Tenkman, CEO of Ultimus

• "We are excited to join GTCR in this partnership with Ultimus. The Company's leadership team has built an exceptional business with a strong track record of growth." - Jim Carey, Co-CEO of Stone Point

Bottom Line:

The partnership between Stone Point Capital and GTCR in Ultimus Fund Solutions represents a significant development in the fund administration sector. This collaboration aims to accelerate Ultimus's growth, particularly in the rapidly expanding retail alternatives market. The transaction highlights the continued interest of major private equity firms in the financial services sector and their belief in the growth potential of independent fund administrators.

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