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MMC CAPITAL ANNOUNCES THE CLOSING OF TRIDENT III, L.P. WITH $1.1 BILLION
GREENWICH, CT, July 29, 2004 - MMC Capital, Inc., a wholly owned subsidiary of Marsh & McLennan Companies, Inc. (MMC), today announced the final closing of Trident III, L.P. with $1.1 billion of capital commitments. Trident III targets investments in the global insurance, employee benefits and financial services industries. Investments in the fund typically range from $25 million to $150 million.
"We believe that, given their size, complexity and diversity, the global insurance, employee benefits and financial services industries will provide a wide range of investment opportunities for Trident III," said Charles A. Davis, Chairman and CEO of MMC Capital. "In addition, the industry expertise and network of contacts of the Trident team, combined with the knowledge and resources of Marsh & McLennan Companies, provide us with an advantage in identifying attractive investment opportunities and in enhancing the value of our portfolio companies."
MMC Capital, Inc. is a global private equity firm based in Greenwich, CT. It is a wholly owned subsidiary of Marsh & McLennan Companies, Inc. (NYSE: MMC). With 20 years of private equity experience, MMC Capital serves as the manager of the Trident Funds, which have raised more than $3 billion in committed capital to make investments in the insurance, employee benefits and financial services industries.
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