Genstar Capital to acquire a majority stake in Foreside Financial Group from Lovell Minnick Partners.

Genstar Capital, a private equity firm, agreed to acquire a majority stake in Foreside Financial Group, a financial advisory firm, from Lovell Minnick Partners, a private equity firm. Financial terms were not disclosed. "Genstar has extensive experience in the investment management space, and we're excited to be starting this new chapter with them. We share a strategic vision to broaden our current scope of products and services, underscored by the belief that there remains a significant need for outsourced fund and GRC services in the market. We want to be perfectly clear – maintaining first-class service for our clients is our top priority. With this support, we feel like we can grow and expand our client base while maintaining and upholding this standard," Richard Berthy, Foreside Financial CEO.