Warburg Pincus acquired a majority stake in Kestra Financial, a leading independent investment advisory services provider, from Stone Point Capital. Funds managed by Stone Point Capital and Kestra Financial’s management team will maintain a minority stake in the company. Financial terms were not disclosed. “We are thrilled to partner with James, the Kestra Financial team and Stone Point in the next chapter of Kestra Financial’s success. The company’s focus on providing best-in-class service and technology to its advisors and their clients positions the business for an exciting future,” said Arjun Thimmaya, Managing Director, Warburg Pincus. “We are committed to supporting Kestra Financial in their mission to build the leading wealth management platform to empower the success of their financial advisors,” added Jeff Stein, Managing Director, Warburg Pincus.