Firm: Stone Point Capital LLC
Fund: Trident V LP, Trident V Parallel Fund LP
Target: $3 billion
Placement Agent: Lazard & Co.
The Greenwich, Conn.-based shop is trying to raise a total of $3 billion for the funds, called
Lazard & Co. LLC is helping the firm raise the capital, according to the filings.
Stone Point manages about $10 billion and specializes in making global investments in the financial services industry. Typically, the firm will invest between $50 million to $400 million in a given deal.
The firm’s most recent platform acquisition was in May, when it partnered with
Stone Point, which spun out from Marsh & McLennan in 2005, is led by CEO Charles Davis, the former head of investment banking services for Goldman Sachs; Chairman Stephen Friedman, former chairman of Goldman Sachs; CIO Meryl Hartzband, a former managing director at J.P. Morgan & Co.; and Senior Principal James Carey, a former associate at Merrill Lynch & Co. The firm has 26 investment professionals in total, as well as nine operating partners and senior advisors.
Stone Point is still investing from
Davis, the CEO, did not return a call seeking comment.