Ancestry to be Acquired by Blackstone Group for $4.7 Billion #announcements

Jan Meisels Allen


Blackstone Group, the world’s largest alternative asset manager has acquired a 75% stake in for a deal valued at $4.7 billion.  Since 2016 Ancestry’s majority owners has been Singaporean wealth fund GIC Pte- they will retain 25% of


Silver Lake and GIC acquired their majority stake four years ago in a deal that valued the company at $2.6 billion. Prior owners, including management, Permira and Spectrum Equity, currently have a minority interest in the business. first went public in 2009, raising $100 million. It was taken private in 2012 in a $1.6 billion buyout led by private equity firm Permira, and on at least two occasions since has considered going public again, though it never got the valuation it was seeking. described Ancestry: “In addition to operating in more than 30 countries, having 3 million subscribers, and $1 billion in annual revenue, Ancestry has also built a market-leading consumer genomics business through its AncestryDNA service, which focused initially on ancestry and genealogy and more recently expanded into health. The company has to date genotyped 18 million people as part of the service.”


Ancestry’s CEO Margo Georgiadis said, said the deal with Blackstone would "further accelerate Ancestry's global leadership in family history and consumer genomics." She added that the acquisition would enable the Lehi, Utah-based company to "expand our global family history business while bringing to life our long-term vision of personalized preventive health."


At the time of this posting there is nothing on the Ancestry website, but there is on Blackstone’s which can be read at:




I have no relationship with Ancestry or Blackstone and am posting this solely for the information of the reader.


Jan Meisels Allen

Chairperson, IAJGS Public Records Access Monitoring Committee



Adam Cherson

What is an 'alternative asset manager'?

Laurie Sosna

Peter Cherna

"Alternate asset manager" is a broad and loose term that includes venture capitalists and private equity fund managers. Imprecisely, it means managing money in ways other than buying and selling publicly traded stocks and bonds. 

(Tiny anecdote unrelated to your question, but my own name basically translates as "Black Stone". In the early days of the internet I tried to register "" but "some company or other" that I'd not heard of at the time beat me to it.)