Financial 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.
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