PRINT THIS PAGE US-based MMC Capital closes Trident III on $1.1bn30/07/2004. Source: AltAssets. 
 US-based MMC Capital, the private equity arm of Marsh & McLennan Companies, has announced the final close of Trident III on $1.1bn. The fund will invest between $25m to $150m in the global insurance, employee benefits and financial services industries.
'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 chief executive officer 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,' Davis continued.
MMC Capital is a global private equity firm, which has raised in excess of $3bn since 1994. The form targets investments in the insurance, reinsurance, financial services and technology sectors.
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