On November 13th 2008, REDC completed the sale of a 50% interest in the company to Trident IV, L.P., a private equity fund managed by Stone Point Capital, LLC. This historic event marks the first time a financial institution has taken a significant stake in a real estate auction company.
Stone Point Capital is a global private equity firm that has raised over $10 billion of committed capital. Stone Point Capital primarily targets investments in the insurance and financial services industries including insurance underwriting, distribution and services, benefits and healthcare, asset management and retirement savings, and banking and depository institutions. The firm has an experienced investment team and possesses specialized knowledge and proprietary deal flow in these sectors.
