SOURCE: Stone Point Capital

September 20, 2007 17:55 ET

Stone Point Capital Announces New Strategic Relationship With Mitsui & Co. to Explore Investment Opportunities in Asia

GREENWICH, CT--(Marketwire - September 20, 2007) - Stone Point Capital LLC today announced that it has entered into a strategic relationship with Mitsui & Co., Ltd. that will enhance the firm's ability to pursue investments in the insurance and financial services industries in Japan and other targeted markets in Asia. Stone Point Capital is a private equity firm that targets investments in the insurance and financial services industries globally through the Trident Funds.

Charles A. Davis, CEO of Stone Point Capital, said, "We have had a long and mutually beneficial relationship with Mitsui. They are a limited partner of the Trident Funds and have co-invested in several financial services investments led by Stone Point Capital. We are pleased that we have expanded our working relationship with Mitsui, and believe that our platform can benefit over the long term from the specialized knowledge and relationships of Mitsui as we consider investment opportunities in Japan and elsewhere in Asia."

Masaaki Iida, Chief Operating Officer of Mitsui & Co.'s Transportation Logistics Business Unit, said, "We are very pleased with our strategic alliance with Stone Point Capital, which is a culmination of the mutual trust built over decades of our relationship. We are confident of achieving goals in insurance and reinsurance investments in Asia by combining the two companies' strengths: Stone Point Capital's professional knowledge and experience in investments and building new businesses in the U.S., Bermuda, and beyond, and Mitsui & Co.'s extensive business experience in various industries and its network of business associates around the world, especially in Asia and Japan."

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.

Mitsui & Co., Ltd. is a global trade, investment and service enterprise with revenue of JPY4,881 billion for the fiscal year ended March 31, 2007. As of March 31, 2007, the company maintains 160 offices in 69 countries and 565 subsidiaries and affiliated companies around the world.

Contact Information

  • Contact Information:

    Charles A. Davis
    Stone Point Capital LLC
    (203) 862-2900