GTCR and Stone Point Capital have officially completed their joint acquisition of Ultimus Fund Solutions—marking a major milestone in Ultimus’s journey and a clear signal of what’s to come. For Gary Tenkman, CEO of Ultimus, the early completion of the deal speaks volumes.
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“This wasn’t just about closing a transaction,” he said. “It’s a reflection of our shared commitment and unified vision with GTCR and Stone Point. Now, we’re more equipped than ever to expand, innovate, and continue delivering for our clients.
” Ultimus already plays a critical role in the fund administration landscape, supporting over 450 clients and more than 2,100 funds representing $600 billion in assets. Its ability to bridge public and private markets, especially through its recognized strength in retail alternatives and award-winning technology, has made it a standout in an industry that’s evolving quickly.
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Collin Roche, Co-CEO of GTCR, praised the strength and leadership of Ultimus, saying, “This partnership represents our belief in their platform and the team leading it. We’re excited to work alongside Gary and Stone Point to take the business to even greater heights.
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” Jim Carey, Co-CEO of Stone Point, echoed the enthusiasm: “The Ultimus team has built something truly impressive. Their leadership in high-demand areas like retail alternatives positions them as a trusted ally for advisors, and we’re looking forward to scaling that success even further.” In an asset management industry shaped by rising complexity and demand for better solutions, Ultimus is well-positioned. With its focus on smart technology, scalable platforms, and unwavering client service, the company is not just keeping up—it’s setting the pace. This acquisition signals a new era of growth, collaboration, and possibility for everyone involved.
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