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.
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