Latham & Watkins Advises GTCR on Investment in Ultimus Fund Solutions

GTCR and Stone Point Capital LLC, both leading private equity firms, announced that Stone Point has signed a definitive agreement to join GTCR as an investor in Ultimus Fund Solutions, a leading independent provider of fund administration services and solutions to investment advisors. In conjunction with funds managed by Stone Point, GTCR Fund XIV will reinvest in the business, providing full liquidity to GTCR Fund XII. Following closing, GTCR and Stone Point will jointly control the Company with equal governance. Terms of the transaction were not disclosed. The transaction is expected to close in the fourth quarter of 2025.

Latham & Watkins LLP represents GTCR in the transaction with a corporate deal team led by Chicago partners Bradley Faris and Owen Alexander, with associates Michael Magstadt, Matthew Galligan, and Noreen Latif. Advice was provided on tax matters by New York partners David Raab and Eric Kamerman, with associate Chris Zhao; on benefits matters by New York partners Bradd Williamson and Max Raskin, with associates Robin Hellebrekers, Dana Yeliseyev, and Sam Minter; on intellectual property matters by New York partner Jeffrey Tochner, with associate Victoria Allen; on financial regulatory matters by New York partners Stephen Wink and Naim Culhaci; on fund regulatory matters by Chicago partner Laura Ferrell, with associate Daniel Filstrup; on antitrust matters by Bay Area partner Kelly Fayne, Washington, D.C. partner Patrick English, and Bay Area counsel Jason Daniels, with associate Tonya Peshkova Jefferis; and on private equity finance matters by Washington, D.C. partners Jennifer Kent and Benjamin Berman, with associates Jake Goodman and Mahika Narula.