Ropes & Gray advised STG, a leading private equity firm focused on investing in the enterprise software sector, on the 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. The close was announced in a press release on March 4.
The Fund exceeded its $950 million target set at the launch of the fundraise, was significantly oversubscribed and closed at its hard cap in under four months.
The Ropes & Gray team included asset management partners Rachel O’Brien and Warren Goodworth and tax partner Scott Pinarchick.
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