Simpson Thacher is representing funds managed by Stone Point Capital LLC in connection with their agreement to join GTCR as an investor in Ultimus Fund Solutions. Following closing, Stone Point and GTCR will jointly control Ultimus with equal governance.
Ultimus is a leading independent provider of fund administration services and solutions to investment advisors, operating in three segments: traditional public funds, complex and alternative public funds, including retail alternatives, and private funds. Ultimus provides more than 450 clients with various fund accounting, fund administration, legal administration, transfer agency, and compliance services across more than 2,100 funds holding over $600 billion in assets.
Stone Point is an investment firm based in Greenwich, CT, with more than $60 billion of assets under management. The firm invests in alternative asset classes, including private equity through its flagship Trident Funds and credit through commingled funds and separately managed accounts. In addition, Stone Point Capital Markets supports its firm, portfolio companies and other clients by providing dedicated financing solutions.
The Simpson Thacher team includes Elizabeth Cooper, Mark Viera, Jonathan Schwartz, Si Sun, Tania Houwayek and Bret Johanneson (M&A); Benjamin Rippeon, William Smolinski and Edward Grais (Tax); David Rubinsky, Scott Schilson and Matias Botto (Executive Compensation and Employee Benefits); George Gerstein (ERISA); David Blass, Meredith Abrams and Wale Oriola (Regulatory); Dennis Loiacono (Real Estate); Caroline Geiger, Christine Song and Chandler Gerard-Reimer (Intellectual Property); Peter Guryan, Kelly Karapetyan and Richard Jamgochian (Antitrust); and Toby Chun and Noreen Lavan (Environmental). Michael Tarpinian provided valuable assistance.