Stone Point begins investment period for $4.5bn sixth fund


rock stone boulderFinancial services-focused private equity firm Stone Point Capital has officially launched the investment period for its $4.5bn sixth fund.

The firm closed Trident VI earlier this year following a rapid fundraise, easily outstripping the $3.6bn it gathered for Trident V in 2010.

AltAssets revealed in February that the $282bn California Public Employees Retirement System helped pushed Stone Point Capital to its $4.5bn final close.

CalPERS committed $250m to Trident VI according to documents released at the firm’s investment committee meeting.

Stone Point invests between $50m and $350m in financial services businesses.

In March the Canada Pension Plan Investment Board agreed a $1.8bn purchase of life insurance business Wilton Re from investors including Stone Point Capital and Kelso & Company.

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