Stone Point Capital has agreed to acquire a majority stake in Kestra Holdings, a financial services firm based in Austin, with the transaction expected to close in Q1 2025. Stone Point initially invested in Kestra in 2016 and became a minority investor in 2019. Following the deal, Warburg Pincus will exit its investment, while Oak Hill Capital will retain a minority stake. Stone Point, which focuses on the global financial services industry and manages over $55 billion in assets, aims to enhance Kestra’s growth potential in the independent wealth management sector. Financial advisors for the transaction include Evercore and Goldman Sachs.