Genstar Capital; Stone Point Capital recapitalize Ascensus

● PLATFORM | FINTECH · Fund Administration & Private Markets

AUGUST 18, 2026

Genstar Capital; Stone Point Capital recapitalize Ascensus (Stone Point +1)

TARGET

Retirement plan recordkeeping, third-party administration, and 529/ABLE savings program technology and services platform serving financial advisors, plan sponsors, financial institutions, and state governments.

Ownership	PE-backed · Stone Point Capital; GIC (prior owner); Stone Point Capital, GIC Private Ltd., Genstar Capital, Aquiline Capital Partners
Headcount	5,500 FTEs
Headquarters	Dresher, Pennsylvania
Leadership	Nick Good, Chief Executive Officer Dan Morrison, president of retirement
Sell-side leads	Fayez Muhtadie (Stone Point Capital)
Sell-side advisor	J.P. Morgan; BofA Securities; Wells Fargo

ACQUIRER

Genstar Capital; Stone Point Capital

Ownership	—
Deal team	Tony Salewski (Genstar Capital) Chuck Davis, CEO of Stone Point Capital Tony Salewski, managing director of Genstar
Buy-side advisor	Lazard; Morgan Stanley; Goldman Sachs

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Genstar Capital; Stone Point Capital -> Ascensus  (2026-09-18)
recapitalization | FinTech | announced
Target: Retirement plan recordkeeping, third-party administration, and 529/ABLE savings program technology and services platform serving financial advisors, plan sponsors, financial institutions, and state governments.
Website: ascensus.com | Buyer site: stonepoint.com
HQ: Dresher, Pennsylvania | Ownership: pe-backed | Seller: Stone Point Capital; GIC
Advisors - Sell-side: J.P. Morgan; BofA Securities; Wells Fargo; Buy-side: Lazard; Morgan Stanley; Goldman Sachs
Source: Thematic - https://thematichq.com/software/d/genstar-capital-stone-point-capital-ascensus.html

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