Stone Point Capital

What Stone Point Capital does

Stone Point Capital is a Greenwich, Connecticut-based private investment management firm that has, since its 2005 independence from Marsh & McLennan (where the platform began as MMC Capital in 1985), focused exclusively on the global financial services industry and related sub-sectors. The firm is wholly owned by its investment professionals and is structured around four integrated product pillars: a flagship private equity franchise (ten funds raised, with Fund X closing in July 2025 at $11.5 billion and aggregate capital commitments exceeding $46 billion), Stone Point Credit (a credit-investing platform with $13.5 billion+ in AUM spanning opportunistic, direct lending and liquid credit strategies, plus a Middle Market CLO Program launched in 2025), Stone Point Capital Markets (a full-service capital markets platform that incorporates an SEC-registered FINRA/SIPC broker-dealer, SPC Capital Markets LLC, and a financing entity, SPC Financing Company LLC, with $220 billion+ in financings raised and 350+ transactions since inception), and Stone Point Insurance Solutions (a 2026-launched pillar investing in reinsurance sidecars and insurance value-chain partnerships, anchored by the $610.5 million Stone Point Insurance Solutions Fund, L.P. and the Annapurna Re Bermuda sidecar).

The firm invests across 10 focus sectors and 70 sub-sectors, including asset management, insurance distribution, insurance underwriting, insurance services, wealth management, lending and markets, real estate finance, business services, employee benefits, and health insurance/workers' comp services, partnering with management teams at the buyout, growth, early-stage and opportunistic stages. Notable portfolio companies and recent transactions include Truist Insurance Holdings ($15.5 billion take-private, 2024), OneDigital ($7 billion+ majority investment, 2025), Ardonagh ($2.5 billion equity investment at a $14 billion valuation, 2025), Cotality (formerly CoreLogic, $6 billion take-private, 2021), Kroll (formerly Duff & Phelps, $4.2 billion, 2020), Tivity Health ($2 billion take-private, 2022), Amber River (UK wealth manager, 2026), and Beeline (majority investment, 2022). Supporting infrastructure includes a $3.0 billion multi-asset continuation vehicle closed in October 2025, a Cayman-domiciled insurance solutions fund, and a leadership team of five Senior Investment Team Leaders (Chuck Davis, Steve Friedman, Jim Carey, David Wermuth, Nicolas Zerbib) supported by 80+ investment professionals.

The business model is a long-duration, fee-based alternative asset management model: Stone Point earns recurring management fees on committed capital across its flagship funds, credit strategies, capital markets, and insurance solutions vehicles, with supplemental carried interest tied to fund-level returns. Customers are institutional limited partners (sovereign wealth funds, pensions, endowments, insurance balance sheets) and portfolio-company counterparties. The firm pursues capital, sector, and product expansion simultaneously: raising ever-larger flagship vehicles, building out credit and insurance capital structures alongside buyout investing, and extending its geographic footprint across North America, the UK, continental Europe, Bermuda, and the Cayman Islands.

Name

Stone Point Capital

Legal name

Stone Point Capital LLC

Website

https://stonepoint.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

51–100 employees

Short description

Stone Point Capital is a Greenwich, CT-based private investment management firm focused exclusively on the global financial services industry, operating four integrated pillars: flagship private equity (Fund X at $11.5B, $46B+ total commitments), Stone Point Credit ($13.5B+ AUM), Stone Point Capital Markets (SEC/FINRA broker-dealer), and Stone Point Insurance Solutions (reinsurance sidecars and value-chain capital).

Ownership category

akta.pro rank

Product category

Alternative Investment Management (Private Equity & Credit)

NAICS

Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399)

SIC

Investors, Nec (6799), Investment Advice (6282)

akta.pro industry

PRIMARYFSANACAH

Real Estate / PropTech Growth Equity

Financial & Insurance/Private Equity & Venture Capital/Growth Equity Firms

Keywords

• Private equity investing
• Financial services investments
• Alternative asset management
• Credit investment strategies
• Insurance sector investments

Headquarters

HQ city

Greenwich

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Core offering

Stone Point Capital is a private equity firm that manages capital in closed-end funds to invest in businesses within the global financial services industry. It pursues control and strategic minority investments across 10 focus sectors (including insurance, asset/wealth management, lending, business services, and software/technology) via its flagship private equity funds, supplemented by a credit platform (Stone Point Credit), a capital markets platform (SPCM), and insurance/reinsurance solutions (Stone Point Insurance Solutions).

Product overview

Stone Point Capital operates as a leading alternative investment management firm focused on the global financial services and related industries, structured as a platform-plus-modules architecture comprising four main product pillars: (1) Stone Point Capital Private Equity (the flagship offering managing series of Trident/Flagship buyout funds including Fund X with $11.5B in commitments and $46B+ total capital commitments); (2) Stone Point Credit (a credit-investing platform with ~$14B AUM offering opportunistic credit, direct lending and liquid credit strategies, and a Middle Market CLO Program launched in 2025); (3) Stone Point Capital Markets (SPCM, the affiliated broker-dealer providing structuring, arranging, underwriting and distribution of debt and equity financing solutions, an SEC-registered broker-dealer and FINRA/SIPC member); and (4) Stone Point Insurance Solutions (a newer pillar partnering with investors to deliver capital and asset management solutions to the (re)insurance industry, including vehicles like the Stone Point Insurance Solutions Fund, L.P. and sidecars such as Annapurna Re Ltd.). These four pillars work together as an integrated platform that combines private equity investment, credit underwriting, capital markets execution, and insurance/reinsurance solutions to serve portfolio companies, financial sponsors, and institutional investors.

Differentiator

Problem solved

Functional benefit

Brands

• Stone Point Credit: Credit-investing platform offering private and liquid credit strategies in financial services, business services, software & technology, and healthcare services sectors.
• Stone Point Insurance Solutions
• Stone Point Capital Markets (SPCM)

Products and services

• Stone Point Capital Private Equity (Flagship Buyout Funds / Trident Funds) Series of closed-end private equity buyout funds (Trident I through Fund X) investing in control and strategic minority stakes in financial services and related businesses across 10 focus sectors and 70 sub-sectors (insurance distribution/underwriting/services, asset management, wealth management, lending and markets, real estate finance, employee benefits, healthcare services, business services, and software/technology). Target investors are institutional limited partners. Total capital commitments exceed $46 billion.
• Stone Point Credit Credit-investing platform of Stone Point Capital offering private and liquid credit strategies focused on financial services, business services, software & technology, and healthcare services sectors. Manages approximately $14 billion in AUM and has executed 130+ investments since inception. Includes a Middle Market CLO Program (launched 2025) targeting first lien direct lending in sponsor-backed middle market companies.
• Stone Point Capital Markets (SPCM) Full-service capital markets platform providing structuring, arranging, underwriting, and distribution of debt and equity financing solutions to corporates and sponsor-backed portfolio companies. Comprises SPC Capital Markets LLC (SEC-registered broker-dealer, FINRA/SIPC member) and SPC Financing Company LLC (financing/origination entity). The platform has raised $220 billion+ in financings across 350+ transactions and $5 billion+ in underwritten commitments since inception.
• Stone Point Insurance Solutions Insurance-focused business of Stone Point that partners with investors to deliver tailored capital and asset management solutions to the (re)insurance industry, including reinsurance sidecar structures and partnerships across the insurance and reinsurance value chain. Encompasses the Stone Point Insurance Solutions Fund, L.P. (Cayman Islands-based pooled PE vehicle, $610.5 million first close) and reinsurance sidecar vehicles such as Annapurna Re Ltd. (Bermuda-based casualty reinsurance sidecar, ~$600 million of third-party capital over a three-year underwriting period).
• Stone Point Multi-Asset Continuation Vehicle

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves16 records

Expansion highlights6 records

Others

• Lightyear Capital:

Direct peers

• Genstar Capital: Private equity firm with a dedicated financial-services vertical (alongside software, healthcare, and industrial tech). Comparable to Stone Point in deploying mid-to-large cap capital into financial-services platforms, though Genstar's sector mandate is broader.
• Centerbridge Partners: Alternative investment manager with a private equity strategy that includes significant exposure to financial services, insurance, and business services. Comparable to Stone Point in sector concentration, mid-to-large cap deal focus, and use of credit alongside equity capital.
• Aquiline Capital Partners: Private equity firm focused on financial services and financial technology, including asset management, banking, insurance, and specialty finance. Highly comparable to Stone Point's sector mandate and middle-market focus, though smaller in flagship fund size.
• Reverence Capital Partners: Pure-play financial-services-focused private equity firm investing in asset/wealth management, insurance, capital markets, and fintech. Most direct strategic peer to Stone Point given the dedicated sector mandate, similar fund size range, and buyout orientation.
• Warburg Pincus: Long-standing private equity firm with a dedicated financial-services investment practice spanning asset/wealth management, insurance, fintech, and financial technology. Closely comparable to Stone Point in sector focus (financial services) and growth/buyout stage orientation, though generally larger and more global in check size.

Broad incumbents

• Blackstone Inc. The world's largest alternative asset manager, with insurance solutions (Corebridge minority stake), credit, and private equity that occasionally compete with Stone Point on financial-services transactions. A broad incumbent rather than a focused peer, but a frequent counter-bidder for large financial-services assets.
• KKR & Co. Inc. Global alternative asset manager with a large private equity franchise that competes in financial-services take-privates and growth investments. Stone Point and KKR jointly pursued DCC and have co-invested historically; KKR is a broader incumbent across multiple asset classes versus Stone Point's financial-services specialization.
• Carlyle Group: Global alternative asset manager with a sizable financial-services practice across private equity and credit. Comparable in deploying capital into insurance, asset management, and capital-markets platforms, but operates across many more sectors and is meaningfully larger.
• Apollo Global Management: Large alternative asset manager with deep insurance, credit, and financial-services franchises (including Athene). Comparable in that it underwrites insurance balance sheets and provides capital to financial-services companies, but operates at materially greater AUM and across many more sectors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A30 records

Investments90 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Stone Point Capital