Thu, Feb 20, 2020
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Stone Point Capital hauls in $7bn for eighth flagship fund

Thursday, January 16, 2020

Laxman Pai, Opalesque Asia:

Connecticut-based private equity firm Stone Point Capital has closed its eighth flagship fund - Trident VIII - on $7 billion, surpassing a $6.5 billion hard cap.

The General Partner and affiliated entities committed more than $350 million.

Trident VIII received strong support from Stone Point's existing investor base and first-time commitments from several leading institutional investors.

The Fund held its final closing with its institutional investors during the second half of 2019 and plans to start its investment period during the first half of 2020.

"We are pleased to announce the closing of Trident VIII and are grateful for the significant support from our limited partners," said Chuck Davis, CEO of Stone Point Capital.

"Our latest fund will continue the proactive sourcing strategy that the Trident Funds have developed and executed for more than 20 years," added Chuck.

"We believe our exclusive focus on the financial services sector, entrepreneurial investment approach, long-tenured team and strong network of relationships will continue to position Stone Point Capital to attract talented management teams and work in partnership with them to create value for our investors," said Jim Carey, a Senior Principal of Stone Point Capital.

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

Stone Point Capital has raised ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. PE/VC: Venture debt: Is it a loan? Is it equity? Is it an pportunity?, PE, VC investments in India hit all-time high in 2019[more]

    Venture debt: Is it a loan? Is it equity? Is it an pportunity? From Forbes: Venture Capital is usually the default option for fast-growth startups looking for a cash injection, thanks to our willingness to take risks in return for equity, and with no need to pay anything back - at least

  2. Other Voices: Evolution of shrinking hedge fund fees - what do investors and managers need to know?[more]

    By Don Steinbrugge, Founder and CEO, Agecroft Partners ( Hedge funds fees remain under extreme pressure across the industry. This strong trend is driven by declining return expectations from investors, inc

  3. PE/VC: No handshakes, no deals: Silicon Valley VCs hit pause on China, US private equity funds swoop on UK for cheap deals[more]

    No handshakes, no deals: Silicon Valley VCs hit pause on China From Nikkei: Venture capital companies in Silicon Valley are not taking any chances when it comes to the coronavirus outbreak. "Due to the Coronavirus, No Handshakes Please. Thank You," reads a sign on the office doors of An

  4. COVID-19: Investors track ships, chase rumours to get edge on COVID-19 risks, Coronavirus risk puts the bull run on pause, China was wise to let markets stumble[more]

    Investors track ships, chase rumours to get edge on COVID-19 risks From Reuters: As investors crunch numbers to determine how the coronavirus will hit China's economy, hedge fund manager Nathaniel Polachek has tied much of his outlook to the fate of a ship anchored near Weihai, China.

  5. Bruce Berkowitz is back!, Coatue's new quant fund lost money in the fourth quarter[more]

    Bruce Berkowitz is back! From Institutional Investor: Famed value investor Bruce Berkowitz has hit hard times over the past decade, with big bets on losers like Eddie Lampert's Sears Holdings. In fact, over the past 10 years, his Fairholme Fund's annualized return is only 4.89 percent -