GTCR and Stone Point Capital Finalize Acquisition of Ultimus Fund Solutions to Propel Growth
In a notable development for the asset management sector, GTCR and Stone Point Capital LLC have successfully completed the acquisition of Ultimus Fund Solutions. This strategic move aims to enhance Ultimus's growth and innovation capabilities, solidifying its position within the fund administration industry.
According to Gary Tenkman, the CEO of Ultimus, the timing of this acquisition ahead of its expected schedule underscores the commitment and synchronized vision of both private equity firms involved. He stated, "This transaction marks an important milestone in Ultimus's evolution. With the backing of GTCR and Stone Point, Ultimus is positioned to accelerate its growth trajectory, delivering innovative solutions and exceptional service to our clients."
Ultimus Fund Solutions serves a significant clientele, providing tailored fund administration services to over 450 clients and managing more than 2,100 funds that account for approximately $600 billion in assets. The company has distinguished itself through its ability to address the needs of both public and private markets, aided by its cutting-edge technology and expertise in retail alternatives. As stated by Collin Roche, Co-CEO and Managing Director at GTCR, "This partnership underscores the exceptional strength of Ultimus's platform and leadership. We look forward to continuing to scale the business with Gary and Stone Point."
Meanwhile, Jim Carey, Co-CEO of Stone Point, expressed excitement about collaborating with Ultimus's talented team. He noted, “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.”
The asset management industry is navigating through pivotal transformations, and Ultimus is strategically poised to leverage its distinct combination of advanced technology, scalable solutions, and customer-centric services. This foundation will enable Ultimus to foster future growth and maintain its reputation as a leader in the market.
Ultimus Fund Solutions is an independent provider specializing in fund administration services for investment advisers. Their broad array of offerings includes fund accounting, middle office, and investor solutions designed to support the launch and maintenance of registered and private funds, as well as public plans. Ultimus is lauded for its commitment to superior service, innovative technology, and automated processes, establishing it as a desirable partner in the asset management landscape.
As we look ahead, this acquisition will likely not only benefit the operational capabilities of Ultimus but also present opportunities for GTCR and Stone Point to expand their portfolios and strengthen their influence within the private equity and asset management domains. This strategic alignment signals a bright future for Ultimus as it continues to evolve in response to the dynamic needs of the financial services industry.
According to Gary Tenkman, the CEO of Ultimus, the timing of this acquisition ahead of its expected schedule underscores the commitment and synchronized vision of both private equity firms involved. He stated, "This transaction marks an important milestone in Ultimus's evolution. With the backing of GTCR and Stone Point, Ultimus is positioned to accelerate its growth trajectory, delivering innovative solutions and exceptional service to our clients."
Ultimus Fund Solutions serves a significant clientele, providing tailored fund administration services to over 450 clients and managing more than 2,100 funds that account for approximately $600 billion in assets. The company has distinguished itself through its ability to address the needs of both public and private markets, aided by its cutting-edge technology and expertise in retail alternatives. As stated by Collin Roche, Co-CEO and Managing Director at GTCR, "This partnership underscores the exceptional strength of Ultimus's platform and leadership. We look forward to continuing to scale the business with Gary and Stone Point."
Meanwhile, Jim Carey, Co-CEO of Stone Point, expressed excitement about collaborating with Ultimus's talented team. He noted, “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.”
The asset management industry is navigating through pivotal transformations, and Ultimus is strategically poised to leverage its distinct combination of advanced technology, scalable solutions, and customer-centric services. This foundation will enable Ultimus to foster future growth and maintain its reputation as a leader in the market.
Ultimus Fund Solutions is an independent provider specializing in fund administration services for investment advisers. Their broad array of offerings includes fund accounting, middle office, and investor solutions designed to support the launch and maintenance of registered and private funds, as well as public plans. Ultimus is lauded for its commitment to superior service, innovative technology, and automated processes, establishing it as a desirable partner in the asset management landscape.
As we look ahead, this acquisition will likely not only benefit the operational capabilities of Ultimus but also present opportunities for GTCR and Stone Point to expand their portfolios and strengthen their influence within the private equity and asset management domains. This strategic alignment signals a bright future for Ultimus as it continues to evolve in response to the dynamic needs of the financial services industry.
Topics Financial Services & Investing）
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