• Investment Year:2011
  • Status:Current
  • Stage:
  • HQ:Stamford, CT

Sector(s)

Freepoint Commodities

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Freepoint Commodities is a merchant of physical commodities and a financer of upper- and mid-stream commodity-producing assets.

In addition, the company provides physical supply services and related structured solutions for counterparties. The company was founded in 2011 by Trident V and a senior management team that previously led Sempra Energy Trading Corporation and its successor company from 1998 until 2009.

INTRODUCTION TO CLIENTS & PARTNERS

Stone Point facilitated an introduction to a Trident fund limited partner that invested equity alongside Freepoint in an acquisition of a midstream pipeline. Stone Point’s relationships with investors have helped Freepoint secure investors for its merchant banking deals.

M&A SOURCING

Stone Point helped Freepoint evaluate a number of strategic acquisitions. In addition, Stone Point helped the company acquire a proprietary trading system.

BUSINESS & PRODUCT DEVELOPMENT

Stone Point provided additional equity capital to expand Freepoint’s product line and geographic presence.

EXECUTIVE RECRUITING & ALIGNMENT

Stone Point provided significant assistance in recruiting several top traders and assisted the founders in developing an incentive program for key management.

CAPITAL RAISING & STRUCTURING

Stone Point provided bridge financing to support a large acquisition, and helped to negotiate the initial line of credit.

OPERATIONAL ASSISTANCE & GOVERNANCE

Stone Point provided significant assistance with the build-out of Freepoint’s infrastructure, including helping to identify office space, developing an operating budget, and selecting technology and other vendors.

Investments highlighted or discussed in this selection have been selected to illustrate SPC’s investment approach and/or market outlook and are not intended to be an indicator of past or future performance. Each investment discussed in this selection has been selected solely for this purpose and has not been selected on the basis of performance or any performance-related criteria. The investments discussed herein do not represent an entire portfolio and in the aggregate may only represent a small percentage of holdings. Nothing in this presentation shall constitute a recommendation or endorsement to buy or sell any security or other financial instrument referenced herein.