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- Stone Point raises $2.25bn
The Marsh & McLennan spin-out has raised $2.25 billion for Trident IV, which will target the insurance and financial services sector.
- MMC regroups as Stone Point
The private equity arm of beleaguered insurer and professional services conglomerate Marsh & McLennan has spun out to form an independent, called Stone Point Capital, with more than $2bn in capital under management.
- SEC asks Marsh for Trident info
Seeking information on related-party transactions, the regulatory body has sent a request to Marsh regarding the insurer’s private equity affiliate, MMC Capital, which manages the Trident family of funds.