On October 15, 2024, Stone Point Capital announced a majority stake investment in Kestra Holdings.
Stone Point Capital LLC (“Stone Point”) announced, on October 15, 2024, its majority stake investment in Kestra Holdings (“Kestra”). The deal is expected to close in the first quarter of 2025. The transaction is not expected to impact Kestra employees, advisors or operations. There will be no repapering of client accounts. Further terms of the deal were not disclosed.
Stone Point, based in Greenwich, Connecticut, is a private equity firm specializing in global financial services, including insurance, lending, mortgage services, asset management firms, and other financial institutions. Stone Point has approximately $55 billion in assets under management.
Kestra, based in Austin, Texas, is a wealth management platform to financial professionals. Kestra collectively oversees approximately $111.3 billion in assets under administration.
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