Stone Point refuses to sell GP stakes to maintain internal partner control
Chuck Davis · Private Equity Masters 8 – Chuck Davis – Stone Point Capital (Capital Allocators, EP.207) · Aug 9, 2021 · at 56:44
Chuck Davis, CEO of Stone Point Capital, explains why the firm declines outside GP stake buyers in favor of generational, internal ownership transfer.
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“Having said that, the team here really is happy with Themselves and with each other, and we constantly discuss this type of thing, and we really want to control our own destiny, and we don't want other people at the table other than the people here that are evolving and moving up the ranks, and we are very carefully and thoughtfully bringing more and more people into the management, into the leadership, Into the ownership of the firm, into the economic upside of the firm, because we want this to be all of our firm, not just the senior people's firm”
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