Stone Point amasses over $9bn for ninth PE fund

This amount included approximately $500 million in commitments from the general partner and affiliated entities.

  • Trident IX reached its hard cap, and received strong support from its existing investor base, as well as first-time commitments from a number of leading institutional investors
  • Debevoise & Plimpton LLP acted as legal counsel for Stone Point in connection with the formation of Trident IX
  • Stone Point targets the global financial services industry and related sectors

Stone Point Capital LLC has closed its ninth private equity fund, Trident IX, L.P at more than $9 billion. This amount included approximately $500 million in commitments from the general partner and affiliated entities.

Trident IX reached its hard cap, and received strong support from its existing investor base, as well as first-time commitments from a number of leading institutional investors.

“We are grateful to our limited partners for their continued support, particularly throughout the pandemic and other recent global challenges,” said Chuck Davis, CEO of Stone Point, in a statement. “We look forward to continuing the proactive, focused sourcing process that has allowed us to consistently identify compelling investment opportunities for over 20 years.”

The fund began its investment period in September 2021 and has closed on three investments to date, including Businessolver, a provider of employee benefits administration software; and Beeline, a workforce management software platform.

Debevoise & Plimpton LLP acted as legal counsel for Stone Point in connection with the formation of Trident IX.

Based in Greenwich, Connecticut, Stone Point has more than $40 billion of assets under management. Stone Point targets the global financial services industry and related sectors.