Private Equity Deals with Capital Allocators

[REPLAY] Private Equity Masters 8 – Chuck Davis – Stone Point Capital (Capital Allocators, EP.207)

Oct 12, 2022

Chuck Davis, CEO and Chairman of Stone Point Capital, shares insights from over two decades at Goldman Sachs before transitioning to private equity. He discusses his firm's approach to targeting top executives in financial services and the importance of strong management teams. Davis emphasizes post-acquisition collaboration and nurturing emerging talent, as well as the need for mindfulness in balancing personal and professional life. He reflects on the journey of growth over mere destinations, sharing valuable lessons on empathy and appreciating life's moments.

01:06:17

Episode guests

Chuck Davis

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Episode notes

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Quick takeaways

Chuck Davis reflects on his unconventional education and the vital lessons from his banker father that shaped his business acumen.

During his tenure at Goldman Sachs, Davis emphasizes the importance of mentorship and high-level decision-making in his professional growth.

Stone Point Capital’s unique investment strategy focuses on proactive talent search and management alignment to ensure sustainable business success.

Deep dives

Navigating Early Education and Career Paths

Chuck Davis reflects on his unconventional early education and how key lessons from his father, a banker, shaped his understanding of business. He learned the importance of assessing both the quality of the business and the competency of the people behind it. Despite struggling in school, he found his passion in finance, which fueled his later success at Goldman Sachs. This pivotal interest helped him to focus and thrive in a competitive environment, ultimately leading to a long and prosperous career in investment banking.

Intro

5min

From Early Lessons to Private Equity Success

28min

Investing Amidst Challenges

7min

Navigating Post-Acquisition Success

17min

Personal Passions and Mindset Reflections

3min

Encouraging Open Dialogue and Reflecting on Influential Mentors

2min

The Importance of Embracing the Journey Over the Destination

2min

Lessons of Unconditional Love and Living in the Moment

3min

Our Private Equity Masters mini-series concludes with Chuck Davis, the CEO and Chairman of the Investment Committee at Stone Point Capital. Stone Point has invested $21 billion across 135 businesses, all in the financial services industry. Prior to joining Stone Point’s predecessor entity at Marsh McLellan twenty-three years ago, he was a partner at Goldman Sachs, where he spent the prior twenty-three years, culminating in serving as Head of Investment Banking Services Worldwide.

Our conversation covers Chuck’s time at Goldman Sachs, his transition to private equity, and the formation of Stone Point Capital. We then turn to the firm’s multi-year, outbound, targeted search for the best executives in financial services, work with portfolio companies, activity in the asset management sector, and management of Stone Point.

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