Genstar Capital to invest in Cetera Financial Group.

Genstar Capital, a private equity firm, agreed to invest in Cetera Financial Group, a privately-held, independent broker-dealer and investment adviser families. Financial terms were not disclosed. "We could not be prouder to partner with Cetera and this management team. The Company has exceeded expectations since our initial investment in 2018, and we expect Cetera to continue this growth path as a scale player in the wealth management market. Cetera's position in the ecosystem enables it to benefit from continued tailwinds," Tony Salewski, Genstar Capital Managing Partner.