DakotaLogo2024
DakotaLogo2024
Book A Demo

FUNDRAISING NEWS | October 10, 2024

Report: Warburg Pincus Looking to Sell Kestra Majority Stakes

Tags: Private Equity, RIA Moves, Mergers / Acquisitions

Warburg Pincus is reportedly seeking a sale of a majority stake in its $117B RIA/broker-dealer subsidiary Kestra Holdings. 

According to a Citywire report citing an unnamed source, Warburg Pincus has solicited the service of investment bank Evercore in conducting the sale of its ownership stake. Warburg Pincus has held a majority position in Kestra since 2019 after its acquisition from Stone Point Capital. 

The potential sale will be Kestra’s latest recapitalization since Oak Capital Hill purchased Stone Point’s remaining minority stakes in 2022. As of the end of 2023, Kestra oversees a combined $164B in AUA and AUM across more than 1,700 financial representatives in its core advisory and brokerage business.

Source.

New call-to-action

Written By: Dakota

logo-1

The Database For Cold Outreach to Reach Institutional and RIA Investors

Book A Demo

Address

925 West Lancaster Ave
Suite 220
Bryn Mawr, PA 19010
Tel: (610) 642-1481 

Products & Services

Resources

Events

Company

© Dakota 2025 | Terms of Use | Privacy Policy