On February 7, 2023, Stone Point Capital LLC announced an investment into Lincoln Property Company.
Under the terms of the agreement, Stone Point Capital LLC (“Stone Point”) will invest in Lincoln Property Company (“Lincoln Property”). Lincoln Property named David Binswanger and Clay Duvall as co-CEOs, succeeding Mack Pogue and Bill Duvall, who will maintain ownership stakes in the company. No financial terms were disclosed in the transaction.
Lincoln Property, based in Dallas, is a commercial real estate company. Lincoln Property has developed and acquired over $22 billion in commercial projects. Berkshire Global Advisors acted as financial advisor to Lincoln Property.
Stone Point, based in Greenwich, Connecticut, is a private equity firm specializing in global financial services, including insurance, lending, mortgage services, asset management firms, and other financial institutions. Stone Point has approximately $45 billion in assets under management.
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