By Isha Marathe
July 15 - (The Insurer) - Private equity firm Stone Point Capital, a frequent investor in insurance industry companies, announced the final closing of its 10th private equity fund, Trident X, with $11.5 billion in total commitments.
Trident X exceeded its original target and hard cap of $9 billion and is approximately $2.5 billion larger than Trident IX, a $9 billion fund, which closed in 2022.
The equity fund received support from its existing investor base, as well as first-time commitments from a number of institutional investors globally. General Partner and affiliated entities contributed approximately $750 million.
Trident X began its investment period in May 2025 and has closed on one investment to date called Ultimus Fund Solutions, a provider of full-service fund administration services.
“With Trident X, we will continue doing what we believe we do best – proactively identifying exceptional owner-operators in and around the global financial services industry and helping them build lasting value in their businesses," said Chuck Davis, chairman and co-CEO of Stone Point Capital.
Debevoise & Plimpton LLP acted as legal counsel for Stone Point in connection with the formation of Trident X.
Stone Point's porfolio includes investments in Alliant, CRC Group, Ardonagh, Sedgwick, AmTrust Financial, Atrium and Axis.
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