Kirkland Advises STG Partners on Close of Inaugural Allegro Fund at over $860 Million
Kirkland & Ellis advised STG Partners (“STG”), a leading private equity firm focused on investing in the software, data analytics and software-enabled technology services sectors, on the final closing of STG Allegro (together with its related vehicles, the “Fund”) on over $860 million of committed capital, including limited partner commitments of $750 million. The Fund exceeded its $500 million target and was oversubscribed at its limited partner hard cap in approximately four months from the formal launch of the fundraise, which was executed as an entirely virtual process. The Fund will continue STG’s value-oriented investment strategy and will target lower middle market investments in the enterprise software and software-enabled technology services sectors.
The Kirkland team was led by investment funds partners Sarah Kirson, Warren Goodworth and Rachel O'Brien and associates Erin Choo, Jingmiao Yang and Sam Breske, and tax partners Daniel Meehan and Mike Greenberg and associate Ally Nelson.
