Stone Point Capital Closes Tenth Fund Surpassing Hard Cap
Funding | Jul 14, 2025 | Stone Point Capital LLC
Stone Point Capital LLC, a private equity firm, announced the closing of its tenth flagship fund, Trident X, with $11.5 billion in commitments, surpassing its original target and hard cap of $9 billion. This makes Trident X the largest fundraise in the firm's history, surpassing the size of its predecessor fund, Trident IX. The firm received robust support from existing and new institutional investors globally. The fund will focus on identifying owner-operators in the global financial services industry. Stone Point has invested in over 160 companies and has a credit-investing platform managing $10 billion in assets. Debevoise & Plimpton LLP served as legal counsel in connection to Trident X.
Sectors
- Private Equity
- Financial Services
- Investment Management
Geography
- United States – Stone Point Capital LLC is based in Greenwich, Connecticut, indicating its primary operational geography.
- North America and Western Europe – Stone Point targets investments primarily in North America and Western Europe as indicated by their investment focus.
Industry
- Private Equity – Stone Point Capital LLC is a private equity firm focusing on financial services investments.
- Financial Services – The article discusses investments and funds related to the financial services industry, primary to Stone Point Capital's investment focus.
- Investment Management – Stone Point Capital manages assets across private equity and credit platforms, indicative of the investment management sector.
Financials
- $11.5 billion – Total capital committed to Stone Point Capital's Trident X fund.
- $9 billion – The original target and hard cap for Trident X fund.
- $2.5 billion – Amount by which Trident X exceeded the fund size of its predecessor, Trident IX.
- $750 million – The contribution from General Partner and affiliated entities to Trident X.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Stone Point Capital LLC | PE Firm | Company | A private equity firm focusing on investments in the financial services and related industries. |
| Trident X | Fund | Entity | Stone Point Capital's tenth flagship private equity fund, which closed at $11.5 billion. |
| Chuck Davis | Chairman and Co-CEO | Person | Chairman and Co-Chief Executive Officer of Stone Point Capital. |
| Jim Carey | Co-CEO | Person | Co-Chief Executive Officer of Stone Point Capital. |
| Ultimus Fund Solutions | Portfolio Company | Company | A provider of full-service fund administration services; the first investment by Trident X. |
| Debevoise & Plimpton LLP | Legal Counsel | Company | Acted as legal counsel for Stone Point in the formation of Trident X. |
| Prosek Partners | Media Relations | Company | Handles media relations for Stone Point Capital. |