Kestra Holdings completed its acquisition by funds managed by Stone Point Capital, a private equity firm focused on global financial services and related industries, replacing funds managed by Warburg Pincus, the company’s former majority owner. Private equity firm Oak Hill Capital will remain a minority owner. The Kestra Holdings management team and a large number of Kestra-affiliated financial advisors and Bluespring-affiliated principals will retain equity positions in the company.
“We’re grateful for the successful partnership we had with Warburg Pincus and are excited to embark once again on a partnership with Stone Point,” James Poer, CEO of Kestra Holdings, said. “Stone Point’s expertise and partnership previously helped accelerate our firm’s strategy of supporting successful wealth management businesses with full and deep value while focusing on the life cycle of their entrepreneurial efforts. With the support of Stone Point and our minority owner Oak Hill, we will continue strengthening that value proposition, scaling our platform and growing our expertise in serving and acquiring established wealth management firms seeking a monetization path that respects their legacy.”
