– STG (the “Firm”), a leading private equity firm focused on enterprise software, announced the final closing of STG Allegro II (together with its related vehicles, the “Fund”) on over $1.3 billion of committed capital, including $1.26 billion of limited partner commitments.
– STG Allegro II follows the inaugural STG Allegro Fund and continues the Firm’s operationally focused, value-oriented investment strategy in the lower mid-market, targeting enterprise software companies.
– The Fund exceeded its $950 million target, was significantly oversubscribed, and closed at its hard cap in under four months.
– STG has over 20 years of experience partnering with more than 60 global enterprise software companies, driving operational efficiencies, top-line growth, and innovation.
– Since its founding in 2002, STG has raised nearly $14 billion across its private equity funds and completed over 140 platform and add-on investments.
– STG Allegro II received strong support from existing investors in the Allegro and Flagship Mid-Market strategies and attracted new investors globally.
– The Fund’s investor base includes public and corporate pension funds, insurance companies, endowments and foundations, fund of funds, family offices, consultants, and asset managers.
– William Chisholm, Managing Partner and Chief Investment Officer, expressed gratitude to investors and emphasized STG’s positioning to capitalize on value-oriented opportunities in the lower mid-market.
