STG, a private equity firm focused on investing in software and software-enabled technology services businesses, has held a final close for its STG VII with total capital commitments of $4.2 billion, including approximately $4.0 billion of limited partner commitments.
Fund VII is STG’s largest fund to date, more than double the size of Fund VI, receiving strong support from both existing investors and an expanded base of new investors globally. Fund VII was oversubscribed at its hard cap, successfully completing the fundraise above its $3 billion target in under five months.
STG VII received strong support from existing investors, as well as 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.
