Stone Point Capital, a private equity firm based in Greenwich, Connecticut, focused on financial services and related industries, announced that it held the final closing of its ninth private equity fund, Trident IX, with more than $9bn of total commitments, including approximately $500m in commitments from the General Partner and affiliated entities.
Trident IX reached its hard cap, and received strong support from its existing investor base, as well as first-time commitments from a number of leading institutional investors.
The Fund began its investment period in September 2021 and has closed on three investments to date, including Businessolver, a provider of employee benefits administration software, Beeline, a workforce management software platform and Tivity, a provider of supplemental benefits to the Medicare Advantage and Medicare Supplement markets.
Read more: PR Newswire
