Stone Point Capital has successfully closed its tenth private equity fund, Trident X, raising $11.5 billion in commitments, significantly surpassing its $9 billion target. This marks the largest fundraising effort in the firm's history, with strong support from both existing and new institutional investors, including a notable $750 million contribution from the General Partner and affiliates. The fund has already initiated its investment strategy, beginning with Ultimus Fund Solutions.

Trident X's fundraising success highlights Stone Point Capital's robust reputation in the financial services sector. The new fund is approximately $2.5 billion larger than its predecessor, Trident IX, which closed in 2022 at $9 billion. The firm aims to continue its strategy of partnering with owner-operators in the global financial services industry, a focus it has maintained for over 30 years.

Chuck Davis, Chairman and Co-CEO of Stone Point Capital, reiterated the firm's commitment to identifying exceptional businesses and helping them create lasting value. The investment period for Trident X commenced in May 2025, and the fund's first investment has already been made in Ultimus Fund Solutions, a provider of comprehensive fund administration services.

The backing for Trident X has been robust, with strong participation from returning limited partners and first-time commitments from several leading institutional investors globally. The significant investment from the General Partner and affiliates indicates a strong alignment of interests between the firm and its investors.

Stone Point Capital has a long-standing history of investing in financial services, having started with insurance underwriting and expanded into various sectors, including banking and asset management. The firm employs a flexible investment model that encompasses structured buyouts and carve-outs, having backed over 160 companies across multiple verticals and sub-sectors.

The senior leadership team at Stone Point has been consistent since 1998, providing stable direction through various market cycles. In addition to its private equity operations, Stone Point manages a credit-investing business, Stone Point Credit, with nearly $10 billion in assets under management. The firm also operates Stone Point Capital Markets, which offers financing solutions to both its portfolio companies and external clients, enhancing value creation across its investments.

The closing of Trident X represents a significant milestone for Stone Point Capital, underscoring its long-term strategy and the trust it has built with investors. The scale of this fundraising effort reflects confidence in the firm's ability to identify and nurture high-quality businesses within the financial services sector. As Stone Point begins deploying capital from its largest fund to date, its consistent leadership, strategic sourcing, and deep industry expertise will remain central to its operations.