About This Fund
Stone Point Credit is the private credit investment platform of Stone Point Capital, the Greenwich, Connecticut-based alternative investment manager with over 30 years of experience in the global financial services industry. Operating from offices in Greenwich, CT and New York, NY, Stone Point Credit was established as a distinct platform around 2019, when the firm launched its first dedicated credit vehicle (SPC Opportunities Fund I, a USD 450 million Cayman Islands limited partnership). The platform was further formalised in December 2020 with the conversion of Stone Point Capital Credit LLC into Stone Point Credit Corporation, a non-diversified, closed-end externally managed business development company (BDC) focused on direct lending to upper-middle market companies. With a team of more than 60 investment professionals and approximately USD 14 billion in assets under management as of March 2026, Stone Point Credit has grown from USD 4.7 billion AUM at year-end 2022 to become one of the larger multi-strategy private credit franchises in North America. The platform benefits from deep integration with Stone Point Capital's private equity franchise, drawing on shared sourcing networks, sector intelligence, and portfolio company relationships built across ten flagship Trident private equity funds.
Stone Point Credit pursues three primary investment strategies across the capital structure. Direct Lending provides primarily first lien and unitranche senior secured loans to sponsor-backed upper-middle market companies, targeting borrowers with USD 20 million or more in EBITDA and credit investment maturities of three to six years. Opportunistic Credit offers bespoke, flexible capital solutions ranging from senior secured debt to structured equity in situations where borrowers require more creative financing structures. Liquid Credit constructs diversified portfolios of broadly syndicated loans and high yield bonds. Across all three strategies, Stone Point Credit concentrates on four sectors where Stone Point Capital has built three decades of proprietary relationships and operational insight: financial services, business services, software and technology, and healthcare services. Investment strategies are offered through business development companies, commingled funds, and customised separately managed accounts.
Since inception, Stone Point Credit has executed more than 300 investments, participated in over USD 220 billion in financings raised, completed more than 350 capital markets transactions, and underwritten over USD 5 billion in committed capital. AUM has scaled from approximately USD 4.7 billion at year-end 2022 to over USD 10 billion at year-end 2024, and over USD 13.5 billion by year-end 2025. SPC Opportunities Fund II, the second flagship opportunistic credit vehicle, held its final close at USD 555 million in 2024. In 2023 Stone Point Credit co-established Monarch Point Re with AXIS Capital, a collateralized reinsurer that raised over USD 400 million in equity; in 2024 it launched Fractal Re Ltd. with TIH and Starwind. Representative portfolio companies include AmeriLife, Galway Holdings, Accordion, Foundation Risk Partners, KBRA, and Aprio.