Latest news with #ChuckDavis
National Post
14-07-2025
- Business
- National Post
Stone Point Capital Closes Tenth Flagship Fund with $11.5 Billion of Committed Capital
Article content GREENWICH, Conn. — Stone Point Capital LLC, a private equity firm focused on financial services and related industries, today announced the final closing of its tenth private equity fund, Trident X, with $11.5 billion in total commitments. Trident X exceeded its original target and hard cap of $9 billion and is approximately $2.5 billion larger than Trident IX, a $9 billion fund, which closed in 2022. Article content Trident X received strong support from its existing investor base, as well as first-time commitments from a number of leading institutional investors globally. General Partner and affiliated entities contributed approximately $750 million. 'We are grateful to our limited partners for their continued trust and support, and we are proud of the enduring strength of our Trident Funds over 30 years and many market cycles,' said Chuck Davis, Chairman and Co-Chief Executive Officer of Stone Point Capital. 'With Trident X, we will continue doing what we believe we do best – proactively identifying exceptional owner-operators in and around the global financial services industry and helping them build lasting value in their businesses.' Article content Jim Carey, Co-Chief Executive Officer of Stone Point Capital, added, 'We believe the consistency of our team, strategy and results continues to give us a distinct advantage in sourcing investments through our extensive network. We are excited by the opportunities we see for our tenth flagship fund and remain focused on creating value for our investors.' Article content Trident X began its investment period in May 2025 and has closed on one investment to date – Ultimus Fund Solutions, a provider of full-service fund administration services. Article content Stone Point has over 30 years of experience investing in the global financial services industry, beginning with private equity investments in insurance underwriting and expanding over time into a wide range of financial and business services sectors. Members of the senior leadership team have led operations since 1998. The Firm partners with experienced management teams and is flexible with respect to the types of transactions pursued through its Trident Funds. Stone Point has experience in standalone structured buyouts, as well as in carve-outs from larger organizations – bringing deep sector knowledge and an expansive network to every portfolio company engagement. Stone Point has invested in more than 160 companies across 10 active verticals and over 70 sub-sectors. The firm also has a credit-investing platform, Stone Point Credit, which has nearly $10 billion of assets under management. Article content Debevoise & Plimpton LLP acted as legal counsel for Stone Point in connection with the formation of Trident X. Article content About Stone Point Capital Article content Stone Point is an investment firm with more than $65 billion of assets under management across its private equity and credit platforms. Stone Point targets investments in companies in the global financial services industry and related sectors based primarily in North America and Western Europe. The firm invests in alternative asset classes, including private equity through its flagship Trident Funds and credit through commingled funds and separately managed accounts. In addition, Stone Point Capital Markets supports its firm, portfolio companies and other clients by providing dedicated financing solutions. For more information, please visit Article content Article content Article content Article content Article content Contacts Article content Media Contacts Article content Article content Prosek Partners Article content
Business Wire
02-07-2025
- Business
- Business Wire
Stone Point Capital Invests in The Difference Card
GREENWICH, Conn.--(BUSINESS WIRE)--EB Employee Solutions LLC (dba The Difference Card) announced an investment from funds managed by Stone Point Capital LLC (Stone Point), a leading private equity firm that invests in businesses within the global financial services industry. 'As healthcare costs continue to rise across the United States, The Difference Card stands out as a vital partner for businesses seeking affordable, high-quality health benefits,' said Chuck Davis, Chairman & Co-CEO of Stone Point. Share Founded in 2001, The Difference Card is a recognized leader in healthcare cost containment, partnering with brokerage agencies and employers nationwide to deliver customized benefit solutions that have reduced health insurance costs by an average of 18%. The investment from funds managed by Stone Point will support The Difference Card's ongoing mission to provide employers with better health benefits at lower costs, while accelerating the company's innovation and strategic broker partnerships. The Difference Card's existing management team led by Chief Executive Officer Joseph Donovan will continue to lead the organization through this next phase of growth. Commenting on the acquisition, Joseph Donovan said, 'Our partnership with Stone Point marks a pivotal moment in The Difference Card's journey. This strategic alignment accelerates our next phase of growth, enabling us to broaden our product offerings and deepen our impact. Together we are committed to delivering better health benefits at a better price across the country.' 'As healthcare costs continue to rise across the United States, The Difference Card stands out as a vital partner for businesses seeking affordable, high-quality health benefits,' said Chuck Davis, Chairman & Co-CEO of Stone Point. 'The company's impressive growth over the past decade reflects its value to employers and employees alike, and we are thrilled to support its continued expansion and impact.' ABOUT STONE POINT CAPITAL Stone Point is an investment firm with more than $65 billion of assets under management. Stone Point targets investments in companies in the global financial services industry and related sectors. The firm invests in alternative asset classes, including private equity through its flagship Trident Funds and credit through commingled funds and separately managed accounts. In addition, Stone Point Capital Markets supports its firm, portfolio companies and other clients by providing dedicated financing solutions. For more information, please visit ABOUT THE DIFFERENCE CARD The Difference Card provides clients with an average annual net savings of over 18% on their healthcare spend. The Difference Card solution utilizes proprietary medical reimbursement systems, risk transfer solutions and wellness strategies to deliver millions of dollars in savings to its clients while at the same time providing the highest level of employee benefits.
Yahoo
20-05-2025
- Sport
- Yahoo
Fort Smith Public Schools names new deputy superintendent, Southside basketball coach
FORT SMITH, Ark. (KNWA/KFTA) — The Fort Smith Public Schools approved the hirings of a new head boys basketball coach at Southside High School and a new deputy superintendent. FSPS named Dr. Tiffany Boone as the district's next deputy superintendent during Monday's meeting. Bone has worked as assistant superintendent of curriculum and instruction for four years at FSPS and will begin in the new role on July 1. Summer reading programs in Northwest Arkansas, River Valley 'Dr. Bone represents a leader who can bring significant experience and leadership to the Deputy Superintendent role. I have the utmost respect and confidence in Dr. Bone to lead during this critical time at FSPS. I am grateful for Dr. Bone's willingness to serve FSPS,' FSPS Acting Superintendent Martin Mahan said in a news release. FSPS named Chuck Davis as the head boys basketball coach at Southside High School. Davis comes to Southside after 14 years of coaching, with his most recent stop in Clarksville as the head senior high boys basketball coach. He has also coached at Shiloh Christian High School and previously served as the assistant athletic director for Springdale Public Schools. 'I was fortunate to have played for Coach Brad Johnson (University of Arkansas) and Coach Beau Thompson (Farmington Athletic Director) in Junior High and Senior High before attending the University of Arkansas. I have coached at Ozark, Elkins, Shiloh Christian, and Clarksville. I have participated in several Conference Champions seasons and State Tournament wins over the past 14 years. I look forward to working with these young men at Southside High School and bringing that winning tradition back! Go Mavs!,' FSPS Southside Head Basketball Coach Chuck Davis said. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
25-03-2025
- Politics
- Yahoo
Pennsylvania voters will break deadlock with special election for House vacancy this week
The Brief A special election will determine if Democrats hold onto a one-seat majority in the Pennsylvania House of Representatives. It will fill a vacancy created in a district southeast of Pittsburgh in January, when the Democratic incumbent died. The candidates are McKeesport Police Officer Dan Goughnour, the Democrat, against longtime volunteer firefighter and current White Oak Borough Council President Chuck Davis, the Republican. HARRISBURG, Pa - Voters in a western Pennsylvania district will determine Tuesday if Democrats will hold onto a bare one-vote majority and keep control of the state House of Representatives. The chamber has been tied at 101 to 101 since incumbent Rep. Matt Gergely, an Allegheny Democrat, died in January. What we know A Democratic win would keep Speaker Joanna McClinton of Philadelphia as the chamber's presiding officer. But if Republicans pull off a win in the Democratic-leaning district, they will be able to replace McClinton and install their own members as committee chairs. The race will provide a glimpse of voter sentiment in the state that Republican President Donald Trump won narrowly in November. Democratic nominee Kamala Harris easily won the state House district last year and a GOP flip would be a major upset. The special election pits Democrat Dan Goughnour against Republican Chuck Davis. Goughnour is a police officer who supervises detectives and serves on the school board in McKeesport. Davis is a fire chief who also serves as president of the White Oak Borough Council. Dig deeper There's also a special election on Tuesday for a vacancy in the state Senate created when Sen. Ryan Aument, a Lancaster Republican, quit to take a job working for U.S. Sen. Dave McCormick. Republican Lancaster County Commissioner Josh Parsons is running against Democrat James Andrew Malone, the mayor of East Petersburg. No matter which candidate wins, the Republican majority in the state Senate will not change. The Source Information from this article was provided by the Associated Press.
