Genstar leads recapitalization of Cerity Partners

Genstar leads recapitalization of Cerity Partners
Lightyear Capital, which has been an investor in Cerity since 2017, will retain an equity stake in the New York-based firm.
JUN 13, 2022

Private equity firm Genstar Capital has led a recapitalization of Cerity Partners, a New York-based registered investment adviser managing $44.7 billion.

Financial terms of the recapitalization were not disclosed but a spokesman for Genstar said the firm now has a majority stake in Cerity.

Lightyear Capital, which has been an investor in Cerity Partners since 2017, will continue to be an investor in the firm, San Francsico-based Genstar said in a press release Monday.

Genstar currently has approximately $35 billion of assets under management. The firm targets investments, such as Cetera Financial Group, which are focused on targeted segments of the financial services, healthcare, industrials, and software industries.

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