25APR25: Two private equity investments:
GTCR and Stone Point Capital, both private equity firms, have signed a definitive agreement for Stone Point to join GTCR as an investor in Ultimus Fund Solutions, a U.S.-based provider of fund administration services and solutions. In conjunction with funds managed by Stone Point, GTCR Fund XIV will reinvest in the business, providing full liquidity to GTCR Fund XII. Current leadership, led by Gary Tenkman, will continue to run the business and maintain a substantial equity ownership. Following closing, GTCR and Stone Point will jointly control the Ultimus with equal governance. Terms of the transaction were not disclosed.
Suntera Global, a C.I.-based provider of fund, corporate and private wealth services, has secured a financing package from Carlyle. This financing package will refinance its existing debt and provide additional capital to support Suntera through organic growth initiatives and strategic acquisitions.