- STG announced the final closing of STG VII (Fund VII) with total capital commitments of $4.2 billion. These are the details.
STG – a private equity firm that is focused on investing in software and software-enabled technology services businesses – announced the final closing of STG VII (Fund VII) with total capital commitments of $4.2 billion, including about $4 billion of limited partner commitments.
Fund VII is STG’s largest fund to date – which is more than double the size of Fund VI – had received strong support from both existing investors and an expanded base of new investors globally.
Fund VII was oversubscribed at its hard cap and successfully completed the funding above its $3 billion target in under 5 months.
For over 20 years, STG has been an operationally focused partner to over 50 global enterprise software companies, helping to drive their transformations. And since Symphony’s founding in 2002, STG has demonstrated its continued ability to drive operational efficiencies, top-line enhancement, and breakout innovation within its portfolio companies. STG has raised nearly $10 billion across its private equity investment funds and has completed over 100 investments, including platform and add-on investments.
STG VII had received strong support from existing investors and a diverse group of new investors that includes public and corporate pensions, insurance companies, endowments and foundations, family offices, consultants, and asset managers from North America, Europe, the Middle East, and Asia.
KEY QUOTE:
“We are incredibly grateful to our existing and new investors for their support, especially given the context of the challenging fundraising environment and uncertain macro backdrop. We have made meaningful investments in our people and platform in recent years, and we believe Fund VII is very well positioned to be a leading partner to growing software companies.”
— William Chisholm, Managing Partner and Chief Investment Officer
