A leading third-party administrator of group health benefits focused on small-and medium-sized employers
A leading management and professional liability wholesale broker1
Bermuda-based global insurance and reinsurance company
A leading global software provider for the staffing, recruiting and contingent labor industry
Small bank rollup vehicle targeting the southwestern U.S. with the same management team as Trident IV portfolio company Grandpoint Capital
A leading provider of diversified professional and business services
A leading workflow software and payments management platform serving the residential real estate industry
A leading SaaS-based provider of back-office and transaction-management software for the residential real estate industry
Registered investment advisor specializing in commercial mortgage investments1
A leading U.S. commercial real estate finance, investment sales and retail leasing advisor
A cloud-based technology platform focused on providing Medicare Advantage plan quoting and enrollment solutions for health plans and brokers
A commercial bank focused primarily on providing secured loans to high-net-worth clients of independent wealth managers
The consistency of our investment strategy and the continuity of our team has helped us build and expand our network of relationships across 70+ subsectors.
In 2020, Stone Point’s credit activities expanded in response to favorable market conditions. Over the course of the year, Stone Point Credit broadened its platform by raising a direct lending-focused BDC, as well as a series of separately managed accounts with customized investment mandates. The credit investment team continues to work closely with the broader Stone Point team leveraging the 20+ years of investment experience across the Firm’s target sectors.
Stone Point held its second Investment Symposium, on January 9, 2020 in New York City. This was Stone Point’s 8th Symposium. The event convened CIOs and other investment professionals to discuss views around the current market environment and investment opportunities in the credit and real estate sectors. Over 130 investors and asset managers attended, representing over $9 trillion in assets under management.
Diversity & Inclusion continues to be a key initiative at Stone Point. We are pleased to announce that Stone Point joined ILPA’s Diversity in Action Initiative as a founding signatory. Please visit the corporate citizenship page on our website to learn more about Stone Point’s Diversity & Inclusion efforts.
Corporate citizenship continues to be a focus of Stone Point. In 2020, Stone Point supported 15 organizations that promote racial equity and social justice through education and other initiatives, as well as those that provide relief services in response to the COVID-19 pandemic. In addition, we have partnered with several organizations on volunteer and mentoring opportunities for Stone Point employees.
Tom Cloetingh, founder and CEO of The Signal, a Trident II portfolio company, passed away in November. Tom was one of the first recipients of our Eagle Award, an award presented by Stone Point to management partners and owner/operators who have achieved superior outcomes for our investors, are recognized leaders with a keen vision in their domain and have established a standard of excellence worthy of recognition. In addition to his success in business, Tom was a kind and thoughtful person, who cared deeply about his family, friends and community, and a philanthropist in the fields of education, health and the environment. Tom was a great friend of the firm, and a perfect example of the characteristics we look for in a partner.
John Shettle, one of our esteemed Operating Partners, passed away in September. John had a distinguished career of over 40 years in the insurance industry, including spending the past 11 years as an Operating Partner at Stone Point. John spent decades as an insurance executive and Board member at a number of insurance companies, including Asia Capital Re, AVEMCO, Montpelier Re, Swiss Re and Victor. He was an incredible advisor to many of our portfolio companies, including AmTrust, Asset Allocation & Management, Atrium, Cunningham Lindsey, Oasis Outsourcing, Sharebridge Holdings and StarStone. Most recently he served as the Vice Chairman and Chief Underwriting Officer of StarStone Insurance Holdings Limited, a global property, casualty and specialty insurance company and Trident V portfolio company. John was integral to all of our insurance-related investments and was also a friend and mentor to many Stone Point colleagues. We are deeply saddened by his passing.
Stone Point Capital is a leading private equity firm, investing in businesses within the global financial services industry.
FOOTNOTES
1 Portfolio company was acquired by Trident VIII from Trident IV following approval by the Boards of Advisors.
2 Certain members of the team are focused on both Credit and Trident investments.
Figures include pending transactions that were signed in 2020 but have not yet closed. New investments and distributions exclude opportunistic financial services public market investments that were made and realized in 2020.
DISCLAIMER
The information contained herein is as of December 31, 2020. The information and its contents are the property of Stone Point Capital LLC (“Stone Point”). Any unauthorized dissemination, copying or use of this presentation is strictly prohibited and may be in violation of law.
The information contained herein is not an offer to sell or a solicitation of an offer to purchase an interest in any entity or investment vehicle. Any such offer or solicitation will only be made through formal offering materials.
Past performance is not indicative or a guarantee of future performance.
Due to the high degree of uncertainty about the ultimate adverse impact of COVID-19 on economic conditions impacting the Funds’ investments and Stone Point’s ability to source, manage and divest investments, this presentation has been prepared using estimates and assumptions based on the information available as of December 31, 2020. The estimates and assumptions about the ultimate adverse impact of COVID-19 may change substantially over time.
Stone Point does not provide legal, accounting or tax advice. Any statement regarding such matters is explanatory and may not be relied upon as definitive advice. All investors are advised to consult with their legal, accounting and tax advisers regarding any potential investment. The information and any opinions contained in this presentation have been obtained from sources that we consider reliable, but we do not represent such information and opinions are accurate or complete, and thus should not be relied upon as such.
