- Former IR chief Citron leaves firm
- Stone Point close to wrapping up Fund VII
- New IR chief brings Goldman pedigree
Stone Point Capital, a financial services-focused firm that is raising its seventh fund, hired Goldman Sachs executive Todd Haskins as head of investor relations, according to a limited partner with knowledge of the firm.
Haskins’s LinkedIn profile has been updated with his new role, listing his title as principal and head of IR and business development. The profile said Haskins joined the firm in January. He is listed on Stone Point’s website.
He was at Goldman Sachs from 2004 to December, in the financial-sponsors group, among other teams.
Haskins succeeds Emanuel Citron, former head of IR, who left the firm recently. Why Citron left is unclear. The LP said Citron may pursue an opportunity around socially responsible investing.
David Wermuth, general counsel at Stone Point, did not respond to a request for comment.
It’s unusual for a firm’s top IR official to leave during a fundraising, but the LP said that in this case Stone Point is wrapping up marketing on its latest pool, Trident VII LP, targeting $5.25 billion. Fund VII held a first close on about $1.25 billion in September, Buyouts has reported.
Stone Point launched Fund VII last year with a $4.5 billion target and $5 billion cap but increased its goal for the vehicle.
Stone Point has raised $13 billion since inception in 1985. It was a subsidiary of Marsh & McLennan until the firm’s partners spun out as Stone Point in 2005.
The firm is led by Chief Executive Charles Davis and Chairman Stephen Friedman. An investment memo from Hamilton Lane last year said Davis and Friedman have passed on some management responsibilities to the next tier of leadership at the firm, Buyouts has reported.
Action Item: Read more about Todd Haskins: http://www.stonepoint.com/bio-todd-haskins.php
Photo of Charles Davis courtesy of Stone Point