STG VI’s $2 Billion Fundraising

Kirkland & Ellis LLP acted as legal counsel to STG on the deal.

STG Partners (“STG”), a leading private equity firm focused on investing in the software, data analytics and software-enabled technology services sectors, completed the closing of STG VI (the “Fund”) on $2.0 billion of committed capital, including limited partner commitments of $1.85 billion. The Fund exceeded its $1.5 billion target and was oversubscribed at its limited partner hard cap in approximately four months from formal launch of the fundraise, which was executed as an entirely virtual process.

The Fund will continue STG’s value-oriented investment strategy focused on middle market investments in the enterprise software and software-enabled technology services sectors.

The Kirkland team advising STG was led by investment funds partners Sarah Kirson, Warren Goodworth (Picture) and Susan Eisenberg and associates Rachel O’Brien, David Wilson, Nathan Judd, Tina Chao and Alexi Warren, and tax partners Dan Meehan and Mike Greenberg.

Involved fees earner: Tina Chao – Kirkland & Ellis; Susan Eisenberg – Kirkland & Ellis; Warren Goodworth – Kirkland & Ellis; Michael Greenberg – Kirkland & Ellis; Nathan Judd – Kirkland & Ellis; Sarah Kirson – Kirkland & Ellis; Daniel Meehan – Kirkland & Ellis; Rachel O’Brien – Kirkland & Ellis; David Wilson – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: STG Partners;

Author: Ambrogio Visconti