Financial services

As part of the transaction, UniVista’s management, employees and current capital partner Avance Investment Management will continue to retain meaningful stakes in the company.

The Abu Dhabi office is set to become the firm’s Middle East and Asia hub.

The transaction is expected to be completed in the second quarter of 2025.

With this investment, GTCR will become the majority stakeholder in Winged Keel.

'There are half a trillion dollars in distributions that should have happened by now. LPs have been reminding GPs of this fact for a while, increasing pressure for more exits in 2025.'

Marshall began his private equity career a decade ago at Sullivan Street.

In addition to this transaction, Dhruv Vakharia has joined Concord as CEO and is succeeding Jason Alexander, who will remain with the company as a member of the board of directors.

'2025 may bring some shifts as we welcome a new administration, potentially influencing areas like trade policies and immigration.'

The promotions are across ECI’s Investment and Commercial Teams.

The vehicle is Ardian’s first private equity continuation fund, and it will be managed by Ardian, capitalized by Eurazeo as senior lead investor and Astorg as co-lead investor.