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Private Equity
FINANCE | Investment Firms & Funds
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Investments

35

Portfolio Exits

36

Funds

11

Partners & Customers

5

Service Providers

3

About Genstar Capital

Genstar Capital is a private equity firm that targets investments focused on selected sectors within the financial services, software, industrial technology, and healthcare industries.

Genstar Capital Headquarter Location

Four Embarcadero Center Suite 1900

San Francisco, California, 94111,

United States

415-834-2350

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Latest Genstar Capital News

What’s next in wealthtech? Innovators weigh in at INVEST

Jun 16, 2022

Tobias Salinger Data management, client access to products, changing demographics and, of course, cryptocurrencies represent key issues shaping the future of wealth management technology. Those are some of the key takeaways from the first day of the Financial Planning INVEST Conference , where industry professionals and big names like Ric Edelman of the Digital Assets Council of Financial Professionals and Lori Hardwick of Genstar Capital are gathering this week to discuss the critical technology topics shaping the future of wealth management. Two panels on the first day also included Stefanie Raiola of Riskalyze backer Hg Capital and Reggie Tucker of wealth and asset manager Manhattan West . Since stepping down as chairman of Edelman Financial Engines last year, Edelman has been working full time as a crypto educator to financial advisors with the organization overseeing the Certificate in Blockchain and Digital Assets. He recommends that investors devote 1% of their portfolios to crypto, although he declined FP Wealth Editor Lynnley Browning’s requests to state the percentage in his own holdings beyond saying that he’s “overweight” in digital assets. In the other panel, Hardwick led a discussion of the most important tech tools for advisors and clients and most promising areas for private equity and venture capital investors. She has spent more than 25 years in the industry and currently holds seats on the boards of digital 401(k) recordkeeper Vestwell , wealthtech firm Orion Advisor Solutions and independent wealth manager Cetera Financial Group. For a sampling of the conversations underway among advisors, wealth tech entrepreneurs, capital investors and other professionals present at New York’s Midtown Hilton, scroll down our slideshow. For a look at the main takeaways for advisors from FP’s annual tech survey, click here . To see the agenda for the conference, follow this link . Ric Edelman Edelman places bitcoin in the same category as annuities, since “every advisor has a strong opinion about them — we love them or we hate them,” he said. He argues that conversations with SEC examiners have changed from five years ago, when there would have been questions about why practices have allocations to digital assets. Today’s questions concern why practices aren’t recommending any digital assets for their clients’ portfolios, according to Edelman. “You need to get the knowledge in this space so that you don't look dumbfounded when a client asks you basic questions, ‘What is blockchain? What is bitcoin?’” Edelman said. “You're missing out on AUM, you're missing out on the ability to serve your client by maintaining ignorance in this field. You wouldn't do it in any other asset class. My challenge to you simply is, don't do it for crypto.”  Reggie Tucker Asked about the biggest areas of focus in his firm’s investments, Tucker mentioned the greater access enabled by tech these days. “It's this idea around the democratization of markets and the evolution of the small, non-traditional investor,” Tucker said. “That's something as a platform we're really trying to capitalize on and this idea of offering access to this new set of investors that have ventured into alternative markets.” Manhattan West’s clients are now evaluating potential investments in and through platforms such as online-gaming focused Bettor Capital, crypto exchange Kraken, NFT marketplace OpenSea and instant messenger Discord, he said. “We are seeing the same deal flow that the top VCs are seeing,” Tucker said. TRENDING Stefanie Raiola In terms of newly emerging intersections of wealth and tech that Hg is seeing in the marketplace, Raiola mentioned “developing a picture of the client.” She cited the client of a local bank as an example. “How can you put together different pieces of data to help the business as a whole better service that client?” she said. “So if I'm thinking about a local bank, that client has a mortgage with them, maybe a personal or auto loan, they have a checking account. But none of that data is in a central location. So how do we centralize that data, provide it in a nice package to the advisor and help the advisor understand what is the [long-term evolution] of this client?” Lori Hardwick At Genstar, which just invested in RIA consolidator Cerity Partners and insurer Amerilife this week, Hardwick has been thinking about the research suggesting that the vast majority of widows find a new advisor after the death of their spouse, she said. Estimates as high as 70% in some cases are some of the “more shocking metrics that I’ve seen lately,” Hardwick said. “Women are much more likely to lean into financial planning and road mapping, less transaction, and kind of like the myopic view. They're more big picture,” she said. “As we're thinking about what tools they need to really think about how to grow as the world is evolving, those are some areas that we're focused on as well.”

Genstar Capital Investments

35 Investments

Genstar Capital has made 35 investments. Their latest investment was in AmeriLife as part of their Private Equity on June 6, 2022.

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Genstar Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/13/2022

Private Equity

AmeriLife

Yes

1

6/13/2022

Recap

Cerity Partners

Yes

1

6/10/2022

Private Equity

Advarra

Yes

1

3/2/2022

Private Equity - II

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10

12/23/2021

Unattributed - II

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10

Date

6/13/2022

6/13/2022

6/10/2022

3/2/2022

12/23/2021

Round

Private Equity

Recap

Private Equity

Private Equity - II

Unattributed - II

Company

AmeriLife

Cerity Partners

Advarra

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Amount

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

1

10

10

Genstar Capital Portfolio Exits

36 Portfolio Exits

Genstar Capital has 36 portfolio exits. Their latest portfolio exit was Advarra on June 10, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/10/2022

Acq - Fin - III

2

5/19/2022

Acq - Fin - II

2

11/17/2021

Merger

3

11/17/2021

Acquired - II

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10

11/7/2021

Acq - Fin - II

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10

Date

6/10/2022

5/19/2022

11/17/2021

11/17/2021

11/7/2021

Exit

Acq - Fin - III

Acq - Fin - II

Merger

Acquired - II

Acq - Fin - II

Companies

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Valuation

Acquirer

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Sources

2

2

3

10

10

Genstar Capital Acquisitions

73 Acquisitions

Genstar Capital acquired 73 companies. Their latest acquisition was Brook & Whittle on November 19, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/19/2021

Private Equity

$99M

$8.7M

Acq - Fin - II

1

11/19/2021

$99M

Acq - Fin

1

9/1/2021

Private Equity

$99M

Acq - Fin - II

1

8/31/2021

Debt

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$99M

$99M

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10

7/7/2021

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$99M

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10

Date

11/19/2021

11/19/2021

9/1/2021

8/31/2021

7/7/2021

Investment Stage

Private Equity

Private Equity

Debt

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$8.7M

$99M

Note

Acq - Fin - II

Acq - Fin

Acq - Fin - II

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Sources

1

1

1

10

10

Genstar Capital Fund History

11 Fund Histories

Genstar Capital has 11 funds, including Genstar Capital Partners X.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/5/2021

Genstar Capital Partners X

$11,700M

1

2/25/2019

Genstar Capital Partners IX

Buyouts & Acquisitions

Closed

$7,000M

1

3/27/2017

Genstar Capital Partners VIII

Buyouts & Acquisitions

Closed

$3,950M

3

8/10/2015

Genstar Capital Partners VII

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$99M

10

2/15/2013

Genstar Capital Partners VI LP

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$99M

10

Closing Date

4/5/2021

2/25/2019

3/27/2017

8/10/2015

2/15/2013

Fund

Genstar Capital Partners X

Genstar Capital Partners IX

Genstar Capital Partners VIII

Genstar Capital Partners VII

Genstar Capital Partners VI LP

Fund Type

Buyouts & Acquisitions

Buyouts & Acquisitions

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Status

Closed

Closed

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Amount

$11,700M

$7,000M

$3,950M

$99M

$99M

Sources

1

1

3

10

10

Genstar Capital Partners & Customers

5 Partners and customers

Genstar Capital has 5 strategic partners and customers. Genstar Capital recently partnered with Vestar Capital Partners on September 9, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

9/8/2017

Vendor

United States

Genstar partners with management to acquire Institutional Shareholder Services from Vestar

`` Institutional Shareholder Services has the right partner in Genstar Capital to remain sharply focused on our long-standing commitment to provide market-leading expertise , innovation , and service in the area of global corporate governance .

1

8/25/2017

Partner

United States

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10

8/25/2017

Partner

United States

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10

Partner

United States

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10

Partner

United States

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10

Date

9/8/2017

8/25/2017

8/25/2017

Type

Vendor

Partner

Partner

Partner

Partner

Business Partner

Country

United States

United States

United States

United States

United States

News Snippet

Genstar partners with management to acquire Institutional Shareholder Services from Vestar

`` Institutional Shareholder Services has the right partner in Genstar Capital to remain sharply focused on our long-standing commitment to provide market-leading expertise , innovation , and service in the area of global corporate governance .

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Sources

1

10

10

10

10

Genstar Capital Service Providers

8 Service Providers

Genstar Capital has 8 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Kirkland & Ellis

Acq - Fin - II

Counsel

General Counsel

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Service Provider

Kirkland & Ellis

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Associated Rounds

Acq - Fin - II

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Provider Type

Counsel

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Service Type

General Counsel

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Partnership data by VentureSource

Genstar Capital Team

9 Team Members

Genstar Capital has 9 team members, including current President, Managing Director, Ryan Clark.

Name

Work History

Title

Status

Ryan Clark

President, Managing Director

Current

Anthony Salewski

Managing Director

Current

Eli P Weiss

Managing Director, General Partner

Current

Jim Taylor

President

Former

John W Ryan

Controller

Former

Name

Ryan Clark

Anthony Salewski

Eli P Weiss

Jim Taylor

John W Ryan

Work History

Title

President, Managing Director

Managing Director

Managing Director, General Partner

President

Controller

Status

Current

Current

Current

Former

Former

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