Kestra Holdings Completes Recapitalization Including Stone Point Capital

Renewed partnership to help fuel continued growth of the Kestra ecosystem

Kestra Holdings today announced the completion of its acquisition by funds managed by Stone Point Capital LLC (Stone Point), a leading private equity firm focused on global financial services and related industries, replacing funds managed by Warburg Pincus LLC (Warburg Pincus), the company’s former majority owner. Private equity firm Oak Hill Capital (Oak Hill) will remain a minority owner. The Kestra Holdings management team and a large number of Kestra-affiliated financial advisors and Bluespring-affiliated principals will retain equity positions in the company. Bluespring Wealth Partners is the acquisition arm of Kestra Holdings.

Kestra Holdings’ recapitalization will provide additional fuel to an already robust growth engine, which includes industry-leading recruiting, a powerful service and technology platform, and a high-growth wealth management acquisition business. Kestra will remain focused on serving independent financial advisors by expanding its unique wealth management offerings in Kestra Financial and Kestra Private Wealth Services, as well as accelerating its acquisition of premium wealth management firms through Bluespring Wealth Partners.

“We’re grateful for the successful partnership we had with Warburg Pincus and are excited to embark once again on a partnership with Stone Point,” said James Poer, CEO of Kestra Holdings. “Stone Point’s expertise and partnership previously helped accelerate our firm’s strategy of supporting successful wealth management businesses with full and deep value while focusing on the life cycle of their entrepreneurial efforts. With the support of Stone Point and our minority owner Oak Hill, we will continue strengthening that value proposition, scaling our platform and growing our expertise in serving and acquiring established wealth management firms seeking a monetization path that respects their legacy.”

About Kestra Holdings

Kestra Holdings offers industry-leading wealth management platforms for independent wealth management professionals nationwide. With an innovative culture that celebrates independence, the company seeks to redefine the future of the advisory industry through superior service, cutting-edge technology, and preeminent resources that every financial professional needs to succeed in the market now and in the years to come. Kestra Holdings companies support independent financial professionals across the country in delivering comprehensive securities, trust, and investment advisory services to their clients. Kestra Holdings is the direct or indirect parent company of Comprehensive Brokerage Services (CBS), Arden Trust Company (www.ardentrust.com), Bluespring Wealth Partners, LLC (www.bluespringwealth.com; including its investment adviser and wealth management firm subsidiaries), Kestra Investment Services, LLC, member FINRA/SIPC, as well as Kestra Investment Management, LLC (www.kestraim.com), Kestra Advisory Services, LLC (www.kestrafinancial.com), Kestra Private Wealth Services, LLC (www.kestrafinancial.com/private-wealth-services), and Kestra Institutional Services, LLC, all federally registered investment advisers.

About Stone Point Capital

Stone Point is an investment firm based in Greenwich, CT, with more than $55 billion of assets under management. Stone Point targets investments in companies in the global financial services industry and related sectors. The firm invests in alternative asset classes, including private equity through its flagship Trident Funds and credit through commingled funds and separately managed accounts. In addition, Stone Point Capital Markets supports its firm, portfolio companies and other clients by providing dedicated financing solutions. For more information, please visit www.stonepoint.com.

About Oak Hill Capital

Oak Hill is a longstanding private equity firm focused on the North America middle-market. Oak Hill applies a specialized, theme-based approach to investing and implements a highly systematic approach to theme development, proactive origination, and value creation in partnership with management to build franchises of lasting value. Over the past 35+ years, Oak Hill and its predecessors have raised over $23 billion of initial capital commitments and co-investments and invested in over 110 companies. For more information, please visit www.oakhill.com

About Warburg Pincus

Warburg Pincus LLC is the pioneer of private equity global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $86 billion in assets under management, and more than 230 companies in their active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,000 companies across its private equity, real estate, and capital solutions strategies.

The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information, please visit www.warburgpincus.com or follow us on LinkedIn.

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