Debevoise Advises Stone Point in the Closing of $9 Billion Private Equity Fund

27 July 2022

Debevoise & Plimpton LLP has advised Stone Point Capital, a private equity firm focused on financial services and related industries, in the formation of Trident IX, L.P. a fund with more than $9 billion in commitments including approximately $500 million in commitments from the General Partner and affiliated entities. The Fund began its investment period in September 2021 and has closed on three investments to date, including Businessolver, a provider of employee benefits administration software, Beeline, a workforce management software platform and Tivity, a provider of supplemental benefits to the Medicare Advantage and Medicare Supplement markets. For more information, please see the company’s press release.

The Debevoise team was led by investment management partner Rebecca Silberstein and included counsel Cate Bae and associates Matthew Daly-Grafstein, Nathan Frost, Megan Harewood, Iris Pan and Daniel Randazzo and corporate staff attorney Natasha Alexis, and tax partner Michael Bolotin and associates Lillian Aston and Miriam Yeger.