Thoughts on Stone Point Capital?
Thoughts on Stone Point Capital? Very interested to hear everyone’s thoughts on this private equity company.
Trending Content - Private Equity Forum
Career Resources
WSO Free Modeling Series - Now Open Through
June 30, 2026
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
High Finance Applications
Guaranteed
Get at least one offer GUARANTEED
- 1:1 support
- 92% success rate
- 2,000+ mentor network
- Unlimited Live bootcamps
- AI for resume + LinkedIn
- Networking automation tools
- HireVue simulation tool
- Full course library
- Private Slack community
- 20hrs of mocks
- + much more...
If that’s the fig PE firm then I think it’s well regarded but I don’t know them too well. Maybe interacted with them on a deal or two and/or have a buddy there. He is a smart, nice guy if I’m thinking of the same firm
Spoken to some of them in the past, definitely among the smartest folks in FIG PE. They're nice enough, but they've got some weird as fuck people who don't seem to understand how conversations between two humans work.
To start trying to answer your question prob the options are to stay in fig PE; maybe move into more general PE, can go into HF prob with a fig focus at first. Can move into Corp Dev or port co finance probably in the fig space to start. Can go into start-ups maybe but that may be more of a jump. May also be favorable job for bschool if someone wants that. But just an attempt to give preliminary ideas to help answer your question
Just want to make sure people in FIG PE aren’t pigeonholed. Anyone else have thoughts on this or comp & culture at the firm?
I don’t think they are pigeonholed. Generally they may have a strong skill set in fig analysis and knowledge that people may appreciate them using to help them but I think it’s common for fig people to move. I have a friend from college he went into fig ibd after school and now does like Corp Dev or cfo stuff for like a golf entertainment / sports / day club company. So it’s just a start to do fig. People can move if they don’t like it. And hey you may end up liking it a lot.
for comp I would think the firm is in line with other umm-type PE firms. Maybe not as high as apollo or kkr but prob the general umm / mm firms pay about the same as stone point. Though that’s just my sense from what I know about them. Culture is prob similiar too. Founder used to run GS I believe so prob some similiarities to GS but more of a smaller firm and PE type feel. Prob work hard but doubtful it’s a 100 hour work week place. If my friend said he was working 80 regularly I might be suprised too. My guess might be more in the 60 hr range with sprints around deal time potentially. Overall seems kinda chill. Fig in general in my limited experience has had kinda better hours than most other industry groups in the industry. But again my exp is limited and the reality could be off / cyclical. Now things in fig seem to be getting hotter with record earnings from banks and stock markets hitting atms. So who knows. Just trying to add some helpful thoughts
SPC is the most well-regarded firm in the FIG PE space hands down. Whether you define that by performance / fundraising, senior leadership, or comp/wlb it’s the spot to be. Re: performance / fundraising their performance has been exceptional and is validated by continuously larger raises at a very fast cadence (~2 years). For purposes of anonymity I can’t speak to my involvement, but the worry if any was that the founders have always been weary not to raise too much capital. LP demand is robust to say the least from my experience. On senior leadership, this has been detailed in other threads, but Chuck and Steve are the best of the best (Head of IB and CEO at GS, respectively). The sector expertise of the senior professionals is really impressive and let me say they are some sharp people over there. On comp / wlb, at least in my experience comp was well above the street (on par if not exceeding MFs, unbelievable I know) and wlb is very good for the size of shop they operate. At least when I was closer, associates were generally out by 9 aside from live deal sprints (all bets off at that point). Additionally, while not exactly promoted by the founders in an effort to retain culture, the firm has a NYC office as well that many work out of on Fridays. Hope this provides some more color to your questions.
Sold a company to them as an analyst.
Used to be the PE arm of Marsh & McMellon (big insurance firm). One of their founders is Stephen Friedman, who was chairman of GS at some point. Fun fact, his son is David Benioff (writer of Game of Thrones).
They are very aggressive investors and they invest in a bunch of different verticals (i think they call them elephants?). FIG PE seems to be only part of what they do (albeit it is still the core). They are aggressive in real estate (including real estate software), HR software, business services and more. CoreLogic is an incredibly interesting and aggressive take-private that they did with Insight
I would estimate first year comp between $250-300K. Let me know any other questions and I'lll see if I can answer them.
Ex FIG, who has worked with/knows Stone Point well - I think comments above are generally accurate but ticking through your additional questions below:
FIG inherently is a specialized sector, particularly since key verticals (banks & thrifts, insurance) use non-EBITDA based valuation metrics and modeling methods. Moreover, a large number of businesses that make for good PE investments in FIG are incredibly nuanced and niche-y, so any strong FIG shop requires their people to be technically rigorous and strategically strong. This all being said, most FIG analysts/associates are strong candidates who are able to interview into more traditional shops but are pigeon-holed by both headhunter perception and the general scarcity of candidates for FIG roles, i.e. a candidate with a FIG background can do a generalist role but tougher the other way around. Experience has been, even when moving to a generalist program the majority of deals someone with a FIG background gets staffed will be FIG. My question to you is to think critically about WHY you want to do FIG and specifically which verticals (also key for interviewing)
Associates have performance buckets; this is re-assessed after your 2-3 years. Good culture (fast paced but still congenial), but as with many firms the high deal volumes recently have put a strain on the culture; the firm looks to retain & promote and doesn't require MBAs
Lastly, I know COVID has thrown a wrench into some of the scheduling, but PE recruiting overall takes place WHILE you're still in IB. All of Stone Point's recruiting is handled by headhunters; if you have any interest in PE in general, you should be looking to get in front of headhunters who can show your resume to the firm. There's ultimately a ton of prep resources out there (several overview threads on WSO from what I recall) for FIG - you just need to do your diligence and put in the work practicing the modeling.