Ascensus sells 25 percent stake to private equity firm
Ascensus, which administers retirement and college savings plans, has sold a 25% stake to a group of private-equity investors.
Atlas Merchant Capital leads the investor group, which includes Singapore's sovereign wealth fund, GIC. The companies join two other private-equity backers, Genstar Capital and Aquiline Capital Partners, which bought Ascensus more than three years ago from another PE firm.
Return to 529 News centerAtlas Merchant Capital leads the investor group, which includes Singapore's sovereign wealth fund, GIC. The companies join two other private-equity backers, Genstar Capital and Aquiline Capital Partners, which bought Ascensus more than three years ago from another PE firm.