Genstar Capital (Genstar), a private equity firm focused on investments in targeted segments of the financial services, healthcare, industrials, and software industries, is to acquire a majority stake in Foreside Financial Group (Foreside), from Lovell Minnick Partners (LMP).
Foreside provides a robust offering of distribution solutions and governance, risk management and compliance (GRC) solutions to clients in the global asset and wealth management industries.
“Genstar has extensive experience in the investment management space, and we’re excited to be starting this new chapter with them,” says Berthy. “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.”
Sid Ramakrishnan, Principal of Genstar, says: “As one of the most respected outsourced solutions providers to many of the world’s leading asset and wealth managers, Foreside is uniquely positioned to help clients thrive and pursue growth opportunities in any regulatory environment. We are excited to work closely with Richard, David, and the rest of Foreside’s management team as they continue to scale the business and drive growth.”
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.