Stone Point Capital completed the investment in Beeline from New Mountain Capital.

Stone Point Capital, a private equity firm, completed the investment in Beeline, a provider of software solutions for sourcing and managing the global extended workforce, from New Mountain Capital, an investment firm. Financial terms were not disclosed. "Businesses have reached an inflection point in how they use and manage external talent. Now accounting for up to half of the entire global workforce, contingent workers, project-based services, and consultants are driving business outcomes at every single level of the organization. We are excited to partner with Stone Point Capital, and continue our partnership with New Mountain Capital, using this investment to further accelerate our pace of innovation and growth to meet the needs of companies in today's economic environment," Doug Leeby, Beeline CEO.