Stone Point to acquire a majority stake in Kestra from Warburg Pincus.

Stone Point, a private equity firm, agreed to acquire a majority stake in Kestra, a wealth management platform, from Warburg Pincus, a global growth investor. Financial terms were not disclosed. “We’re pleased with the successful partnership we had with Warburg Pincus and are excited to once again partner with Stone Point. Stone Point’s expertise and partnership previously helped propel us along a successful path to establishing our unique value proposition – to support successful wealth management businesses with full and deep value while focusing on the life cycle of their entrepreneurial efforts. Today, our priorities are to strengthen that value proposition as we continue building a destination of choice for independent, successful wealth management businesses and professionals. With support from Stone Point and Oak Hill, we will continue scaling our platform and growing our expertise in serving and acquiring established wealth management firms seeking a monetization path that respects their legacy," James Poer, Kestra CEO.