Stone Point and Genstar will each invest new capital into Ascensus, a fintech firm in Dresher, Pennsylvania, and will hold equal stakes. GIC remains invested. Stone Point originally invested in 2021; Genstar was lead investor 2015‑2021.

Ascensus, provider of tax‑advantaged savings solutions and tech, will keep its current leadership, client relationships, and service model. The deal, terms undisclosed, is expected to close in the coming months, after which Stone Point and Genstar will share governance. Financial advisors include J.P. Morgan Securities, BofA Securities, Wells Fargo, with legal counsel Simpson Thacher & Bartlett. Buyside advisors for Stone Point include Lazard Frères & Co. LLC, while Genstar’s advisors are Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC, with Willkie Farr & Gallagher LLP as legal counsel.

Ascensus manages more than $1.3 trillion in assets under administration as of August 3, 2026. Fayez Muhtadie, co‑head of private equity at Stone Point, said the firm believes in Ascensus’s market position and long‑term growth opportunities. The transaction underscores confidence in the company’s differentiated position in the savings ecosystem.