GTCR and Stone Point Capital LLC (“Stone Point”), two leading private equity firms, today announced the completion of their joint acquisition of Ultimus Fund Solutions (“Ultimus” or the “Company”).
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“This transaction marks an important milestone in Ultimus's evolution. Completing it ahead of schedule reflects the shared commitment, aligned vision and ability to execute of all parties involved,” said Gary Tenkman, CEO of Ultimus. “With GTCR and Stone Point's support, Ultimus is positioned to accelerate its growth trajectory, delivering innovative solutions and exceptional service to our clients.”
Ultimus continues to solidify its role as a market leader in the fund administration industry, providing tailored solutions to over 450 clients managing more than 2,100 funds and $600 billion in assets. The Company's unique ability to cater to both public and private markets, supported by its award-winning technology and expertise in retail alternatives, positions it at the forefront of the rapidly growing asset management sector.
“This partnership underscores the exceptional strength of Ultimus's platform and leadership, and we look forward to continuing to scale the business with Gary and Stone Point,” said Collin Roche, Co-CEO and Managing Director at GTCR.
Jim Carey, Co-CEO of Stone Point, added, “We are thrilled to work with the talented team at Ultimus, as well as GTCR, to build on Ultimus's impressive track record of innovation and growth. Their leadership in complex, high-demand areas such as retail alternatives further reinforces their position as a trusted partner for investment advisors.”
As the asset management sector continues to experience a significant evolution, Ultimus's distinct combination of cutting-edge technology, scalable solutions and client-centric service creates a strong foundation for future growth.
About Ultimus Fund SolutionsUltimus Fund Solutions is a leading independent provider of fund administration services to investment advisers. The Company offers a wide range of solutions, including fund accounting, middle office, and investor solutions to support the launching and servicing of registered funds, private funds, and public plans. Ultimus serves over 450 clients managing $600 billion in assets across 2,100 funds. The Company is recognized for its innovative technology, highly automated processes, and commitment to delivering superior service and customized solutions. For more information, please visitwww.ultimusfundsolutions.com.
About GTCRFounded in 1980, GTCR is a leading private equity firm that pioneered The Leaders Strategy™ – finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through organic growth and strategic acquisitions. GTCR is focused on investing in transformative growth in companies in the Business & Consumer Services, Financial Services & Technology, Healthcare and Technology, Media & Telecommunications sectors. Since its inception, GTCR has invested more than$30 billionin over 290 companies, and the firm currently manages approximately$50 billionin equity capital. GTCR is based inChicagowith offices inNew Yorkand West Palm Beach. For more information, please visitwww.gtcr.com. Follow us onLinkedIn.
About Stone Point CapitalStone Point is an investment firm with more than$65 billionof assets under management. Stone Point targets investments in companies in the global financial services industry and related sectors. The firm invests in alternative asset classes, including private equity through its flagship Trident Funds and credit through commingled funds and separately managed accounts. In addition, Stone Point Capital Markets supports its firm, portfolio companies and other clients by providing dedicated financing solutions. For more information, please visitwww.stonepoint.com.
GTCR Media Contact:Prosek PartnersJosh Clarkson / Ryan Smith212-279-3115Pro-GTCR@Prosek.com
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SOURCE GTCR
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