Warburg Pincus Invests in Cornerstone Caregiving; Monroe Capital Provides Senior Credit Facility

Oak Hill Capital Joins Warburg Pincus in Recapitalization of Kestra Holdings

September 30, 2022

Financial Services

Kestra Holdings, an Austin-based wealth management platform, completed a recapitalization in which Oak Hill Capital acquired the minority equity position previously held by funds managed by Stone Point Capital, while Warburg Pincus remains the majority investor. The transaction brings a new private capital partner to support Kestra’s continued scaling, platform investments and capability expansion across its wealth management businesses.

ScionHealth Acquires Cornerstone Healthcare Group

May 12, 2022

Healthcare Services

ScionHealth announced a definitive agreement to acquire Cornerstone Healthcare Group, expanding ScionHealth's national network of long-term acute care hospitals, community hospitals, and physician practices. The deal (expected to close in H2 2022 subject to regulatory approvals) excludes Cornerstone Specialty Hospitals Clear Lake and Cornerstone Specialty Hospitals Houston Medical Center.

Altamont Capital Partners Invests in Cornerstone Advisors

October 2, 2020

Professional Services

Altamont Capital Partners made an equity investment in Cornerstone Advisors, a Scottsdale-based provider of advisory services to mid-size banks and credit unions. The founders Scott Sommer and Steve Williams remain as CEO and President, and the capital will support Cornerstone’s investments in employees, data-powered offerings and internal infrastructure to accelerate growth.

Pathstone Acquires Cornerstone Advisors Inc.

July 30, 2020

Wealth Management

Pathstone, a partner-owned multigenerational family office, has acquired Cornerstone Advisors Inc., a Bellevue, Washington-based wealth and lifestyle management firm. The combination adds Cornerstone's ~$4 billion AUM and ~65 employees to Pathstone, expanding capabilities, scale and partner ownership across the combined firm (roughly 200 employees across nine offices and ~$20 billion in advisory assets).

WindRose Health Investors Recapitalizes Caregiver Inc.

July 28, 2020

Healthcare Services

WindRose Health Investors completed a recapitalization investment in Caregiver Inc., a provider of long-term home and community-based services for people with intellectual and developmental disabilities. WindRose purchased its stake from DW Healthcare Partners and Council Capital (both will retain minority ownership) to provide capital for growth and geographic expansion across the United States; Caregiver serves more than 3,000 individuals across Texas, Ohio, Tennessee and Indiana.

Warburg Pincus Leads $47.5M Growth Investment in BriteCore

July 15, 2019

Cloud & SaaS

BriteCore, a cloud-native core software provider for property & casualty insurers, received $47.5 million of growth capital led by Warburg Pincus with participation from existing investors Radian Capital and WCF Mutual Insurance Company. The funding will be used to accelerate product development, expand the team of insurance industry experts, and support customer growth.