Genstar Capital, a San Francisco-headquartered private equity firm focused on the financial services, software, industrials and healthcare sectors, has made a majority investment in Docupace, a provider of back-office software for wealth management enterprises and financial advisors.
The transaction is expected to close in Q3 2024.
FTV Capital, which made a growth investment in the company in 2020, will remain a minority investor in Docupace. Under FTV’s ownership, Docupace acquired jaccomo and PreciseFP in 2021, which saw the company’s services expand into compensation, compliance and digital client data gathering.
Financial Technology Partners and Gibson Dunn advised Docupace, while RBC Capital Markets and Ropes and Gray advised Genstar.
