Private Equity · Profile from Private Equity Research Companion
Stone Point Capital
Greenwich, Connecticut–based private equity firm that grew out of Marsh & McLennan's in-house private equity arm (MMC Capital). It manages the Trident Funds, one of the longest-running specialist private equity programs focused on financial services: insurance and reinsurance, insurance brokerage and services, asset and wealth management, specialty finance, mortgage, and financial/business services and data. It is known for very deep sector expertise, a low-profile culture and long LP relationships, and in 2023–2025 it ran one of the most successful large financial-services deals of the decade, Truist Insurance Holdings.
At a glance
- Founded
- Roots in MMC Capital (Trident I, 1994); independent as Stone Point Capital in 2005
- Key leaders
- Charles A. "Chuck" Davis (Chairman & CEO); Stephen Friedman (former Goldman Sachs co-chairman, Chairman of Stone Point / former MMC Capital chairman, reported); senior principals including James D. Carey, David J. Wermuth and Nicolas D. Zerbib (reported)
- HQ
- Greenwich, CT
- AUM
- Reported ~$45–50bn+ including credit (2024–2025); verify against latest disclosures
- Strategy
- Control and significant minority investments in financial services and adjacent business services; private credit (Stone Point Credit)
- Signature tools
- Specialist underwriting of balance-sheet and fee-based financial businesses; regulatory fluency (state insurance regulators, Lloyd's, Bermuda Monetary Authority, banking regulators); repeat partnerships (KKR, CD&R, General Atlantic, Insight, Mubadala)
8 deals and moves analysed
Each one gets a full strategy file in the companion: context, the decision, the financing, what happened, and the lesson.
2001
AXIS Capital
De Novo Bermuda (Re)insurer Formation
2013
Duff and Phelps Kroll
Consortium Take-Private
2015
Alliant Insurance Services
Significant Investment / Co-Control
2015
Home Point Financial
Mortgage Platform Build → IPO → Sale
2018
HireRight
Platform Merger
2018
Mitchell Genex Enlyte
Co-Sponsored Buy-and-Merge
2021
CoreLogic
Take-Private with Insight Partners
2023
Truist Insurance Holdings
Minority Stake → Carve-Out Buyout → Break-Up Sale