Investment firm Stone Point Capital successfully closed its tenth flagship fund at an impressive $11.5 billion.
Stone Point Capital, a leading global investment firm with over 30 years of experience in the financial services industry, has announced the final closing of its tenth private equity fund, Trident X. The fund has secured total commitments of $11.5 billion.
Debevoise & Plimpton served as legal counsel for Stone Point during the formation of Trident X. The investment period for the fund began in May 2025.
Trident X received strong support from its existing investor base and attracted first-time commitments from numerous leading institutional investors worldwide. Notably, the General Partner and affiliated entities contributed around $750 million to the fund.
Jim Carey, Co-Chief Executive Officer of Stone Point Capital, expressed his excitement about the opportunities they see for their tenth flagship fund. He reiterated that Stone Point Capital remains focused on creating value for their investors.
Trident X significantly exceeded its original target and hard cap of $9 billion. This success is a testament to the consistency of Stone Point's team, strategy, and results, according to Jim Carey.
Chuck Davis, Chairman and Co-Chief Executive Officer of Stone Point Capital, expressed his gratitude to limited partners for their trust and support. He stated that with Trident X, Stone Point Capital will continue to proactively identify exceptional owner-operators in the global financial services industry and help them build lasting value in their businesses.
Trident X has already completed its first investment in Ultimus Fund Solutions, a provider of full-service fund administration services.
In addition to its private equity funds, Stone Point also manages a credit-investing platform, Stone Point Credit, which has nearly $10 billion in assets under management.
According to Chuck Davis, the Trident Funds have demonstrated enduring strength over 30 years and many market cycles. The performance, total commitments, or investments made by Trident X in a comparative context with Stone Point's previous private equity funds, such as Trident IX, could not be determined from the available information. For a precise comparison, additional information about Trident IX’s final fundraising total, deployment pace, and realized returns would be required.
This latest fundraising underscores Stone Point Capital's continued success in the private equity market and its commitment to delivering value to its investors.
The success of Trident X, Stone Point Capital's tenth flagship private equity fund, is a testament to their enduring strength in the private equity market, as it significantly exceeded its original target and hard cap of $9 billion. Stone Point Capital, with its focus on creating value for investors, utilizes its private equity funds, such as Trident X, and its credit-investing platform, Stone Point Credit, to support exceptional owner-operators in the global financial services industry.
