Stone Point, Genstar Take Joint Ownership of $1.3T Ascensus

Stone Point and Genstar Take Equal Stakes in $1.3 Trillion Ascensus:

HedgeCo.Net — Ascensus announced on August 18 a new ownership structure co-led by Stone Point Capital and Genstar Capital. Each firm is investing new capital and will hold equal stakes. The Dresher, Pennsylvania savings platform oversees more than $1.3 trillion in assets under administration and supports more than 16 million savers, both as of August 3, 2026. GIC, which first invested in 2019, remains a minority holder. The check size and the eq…

Stone Point, Genstar Take Joint Ownership of $1.3T Ascensus

The country’s largest independent savings solutions provider will be equally owned by Stone Point Capital and Genstar Capital, with both firms investing new capital in the company.