On June 13, 2022, Cerity Partners announced a recapitalization led by Genstar Capital.
Under the terms of the transaction, Genstar Capital (“Genstar”) will lead a recapitalization of Cerity Partners (“Cerity”). Further terms of the transaction were not disclosed.
Cerity, based in New York, is an independent wealth management firm offering its services to high-net-worth individuals and families, as well as businesses and nonprofit organizations. Cerity has approximately $50 billion in assets under management.
Genstar, based in San Francisco, is a private equity firm that invests in healthcare, financial, software, and other businesses. Genstar has approximately $35 billion in assets under management.
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