Latest news with #StonePointCapital
National Post
6 days ago
- 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
Wall Street Journal
6 days ago
- Business
- Wall Street Journal
Stone Point Wraps Up 10th Flagship Fund at $11.5 Billion
Stone Point Capital, a specialist investor in financial-services businesses for over 30 years, has raised one of the largest private-equity vehicles of 2025. Stone Point closed the vehicle, Trident X, at $11.5 billion, well above its original $9 billion target, the Greenwich, Conn., firm said Monday. The commitment to the fund from the general partner and its affiliated entities came to $750 million.
Yahoo
02-07-2025
- Business
- Yahoo
Ardonagh secures $2.5bn equity investment at $14bn valuation
The Ardonagh Group, an independent insurance distribution platform, has completed a $2.5bn equity investment led by funds managed by Stone Point Capital, a US-based private equity firm. The investment, which values Ardonagh at $14bn, witnessed participation from co-investors associated with Stone Point, as well as Madison Dearborn Partners and HPS Investment Partners. The transaction was first announced in December 2024. Stone Point now holds a significant stake in Ardonagh, joining existing shareholders including Madison Dearborn Partners, HPS Investment Partners, and a wholly owned subsidiary of the Abu Dhabi Investment Authority. Stone Point co-CEO Jim Carey said: 'We are excited to partner with Ardonagh, as well as with MDP, HPS and ADIA. Ardonagh has distinguished itself as a leading platform in the global insurance distribution industry, and we believe that the company is well-positioned for continued growth.' Ardonagh, which was founded in 2017 through the amalgamation of various UK insurance entities, has grown into a global broking group, placing $18bn of premiums annually. The group has completed 68 acquisitions in the past year, including the merger with Markerstudy's personal lines business and the take-private of PSC Insurance Group in Australia. David Ross, CEO of The Ardonagh Group, said: 'Stone Point's investment and the success of the co-investment process stand together as a resounding endorsement of Ardonagh. Amid a backdrop of global economic uncertainty, our unique proposition, track record and global platform attracted world-class investors who share our vision.' The group's capital structure was recently simplified via a refinancing in February 2025, followed by the launch of in March 2025, an initiative aimed at integrating machine learning and data enrichment into its operations. "Ardonagh secures $2.5bn equity investment at $14bn valuation " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
