SOURCE: Stone Point Capital

September 12, 2007 12:24 ET

Stone Point Capital Announces the Closing of Trident IV, L.P. With $2.25 Billion in Commitments

GREENWICH, CT--(Marketwire - September 12, 2007) - Stone Point Capital LLC today announced the final closing of Trident IV, L.P. with capital commitments of $2.25 billion. Trident IV targets investments in the global insurance and financial services industries. Investments by the fund generally will range from $25 million to $350 million.

"We are pleased to announce the closing of Trident IV, which received tremendous support from our existing limited partners and from many new investors," said Charles A. Davis, CEO of Stone Point Capital. "The fund will continue the focused investment strategy that has been developed for the Trident Funds over a period of more than 20 years. We believe the industry expertise and extensive contacts of the Stone Point team in the global insurance and financial services industries will continue to provide a strong competitive advantage as we work to identify attractive investments and enhance the value of portfolio companies."

Stephen Friedman, Chairman of Stone Point Capital, added that "we believe Stone Point is well positioned to work with corporate owners on complex situations and to partner with management teams that want to grow and enhance existing businesses. We take a flexible and entrepreneurial approach to investments with the overriding goal of building long-term franchise value and delivering superior returns for our investors and management team partners."

Stone Point Capital LLC is a global private equity firm based in Greenwich, Connecticut. Stone Point Capital, which serves as the manager of the Trident Funds, has raised more than $10 billion in committed capital for investments in the global insurance and financial services industries.

Contact Information

  • Contact Information:
    Charles A. Davis
    Stone Point Capital LLC
    (203) 862-2900