SYMPHONY TECHNOLOGY GROUP, LLC other names

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Adviser Profile

As of Date:

03/29/2024

Adviser Type:

- Large advisory firm


Number of Employees:

71 24.56%

of those in investment advisory functions:

71 24.56%


Registration:

SEC, Approved, 3/28/2012

AUM:

428,819,718 -0.57%

of that, discretionary:

428,819,718 -0.57%

Private Fund GAV:

428,819,718 -0.57%

Avg Account Size:

61,259,960 -0.57%


SMA’s:

NO

Private Funds:

7

Contact Info

650 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
2B 2B 2B 1B 1B 700M 350M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

5 Must-Buy Stocks as Tech Rebounds on Reviving Economy
04/06/2021

Moreover, this Zacks Rank #2 company’s plan to sell its Enterprise business to a consortium led by Symphony Technology Group (STG) in an all-cash transaction for $4 billion will help it to lower debt. The Zacks Consensus Estimate for its 2021 bottom line ...

Yahoo Finance

5 Must-Buy Stocks as Tech Rebounds on Reviving Economy
04/06/2021

Moreover, this Zacks Rank #2 company’s plan to sell its Enterprise business to a consortium led by Symphony Technology Group (STG) in an all-cash transaction for $4 billion will help it to lower ...

NASDAQ

SkyTask, Inc. Announces FAA Waiver Approval for BVLOS Remote Flight Operations at Colorado State University Drone Center
04/05/2021

Remote UAV Flight Operations company SkyTask, Inc. announced today that it received its first FAA Waiver approvals for Beyond Visual Line Of Site (BVLOS) flight operations. The approved waivers authorize SkyTask to conduct remote flight operations at ...

Yahoo Finance

HG Capital Trust PLC - Total Voting Rights
04/01/2021

HgCapital Trust plc ("the Company") announces that, as at 31 March 2021, the total issued share capital of the Company consists of 427,599,808 ordinary shares of 2.5 pence each with voting rights ...

proactiveinvestors.co.uk

Mergers and Acquisitions
04/01/2021

LINE completed its merger with Yahoo! Japan-owner Z Holdings last month, and now the two firm’s venture capital arms have also combined. Z Holdings announced today that its subsidiary, YJ Capital, h

techcrunch.com


Private Funds Structure

Fund Type Count GAV
Private Equity Fund 7 $428,819,718

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Private Funds



Employees




Brochure Summary

Overview

Symphony Technology Group, LLC (the “Management Company”) and its affiliates (collectively, “Symphony”) is a private investment management firm that focuses on managing private investment funds. The Management Company, a Delaware limited liability company and an investment adviser registered with the U.S. Securities and Exchange Commission (the “SEC”), commenced operations in 2002. As of December 31, 2022, the Management Company managed approximately $431,288,855 in client assets on a discretionary basis. STG III GP, L.P. (“General Partner III”), a Delaware limited partnership formed in 2007, is the general partner of STG III, L.P. and STG III-A, L.P. (collectively, “Fund III”). STG IV GP (Cayman), L.P. (“General Partner IV AIV”), a Cayman Islands exempted limited partnership formed in 2018, is the general partner of STG IV (Cayman), L.P. and STG IV-A (Cayman), L.P. (collectively, “Fund IV AIV”). STG IV GP, L.P. (“General Partner IV”), a Delaware limited partnership formed in 2011, is the general partner of STG IV, L.P. and STG IV-A, L.P. (collectively with Fund IV AIV, “Fund IV”). STG ST GP, L.P. (“STG ST GP”), a Delaware limited partnership formed in 2020, is the general partner of STG ST, L.P. (“STG ST” and together with Fund III, Fund IV and any other parallel or alternative investment vehicle formed in connection with the foregoing, collectively, the “Funds” and each a “Fund”). Each of General Partner III, General Partner IV and General Partner IV AIV, and STG ST GP (each, a “General Partner” and collectively, the “General Partners”) is subject to the Advisers Act pursuant to and in reliance upon the Management Company’s registration in accordance with SEC guidance. This Brochure also describes the business practices of the General Partners, which collectively operate as a single advisory business together with the Management Company. Each General Partner has the authority to make all investment decisions on behalf of the applicable Fund. Pursuant to each Fund’s agreement of limited partnership (each, a “Partnership Agreement”, and together with a Fund’s memorandum, the “Governing Documents”) and to management agreements (each, a “Management Agreement”) between the Management Company, each General Partner and each Fund, each General Partner has delegated day-to-day advisory responsibility for each Fund to the Management Company. The Management Company and the General Partners (each, an “Adviser” and collectively, the “Advisers”) provide investment supervisory services to their clients, which currently consist of the Funds (and together with any future private investment fund to which the Advisers provide investment advisory services, including employee or co-investment vehicles, parallel funds or alternative investment vehicles, the “Private Investment Funds”). Each Fund is a private equity fund and invests through negotiated transactions in operating entities, generally referred to herein as “portfolio companies.” The Advisers’ investment advisory services to the Funds consist of identifying and evaluating investment opportunities, negotiating investments, managing and monitoring investments and achieving dispositions for such investments. Investments are made predominantly in non-public companies, although investments in public companies are permitted. When investing in portfolio companies, the senior principals (the “Principals”) or other personnel of the Advisers generally serve on such portfolio companies’ respective
boards of directors or otherwise act to influence control over management of portfolio companies held by a Fund. The advisory services provided by the Management Company and the General Partners for the Funds are detailed in each Fund’s private placement memorandum, management agreement and/or Partnership Agreement and are further described below under “Methods of Analysis, Investment Strategies and Risk of Loss.” Investors in a Private Investment Fund (generally referred to herein as “investors” or “limited partners”) participate in such Private Investment Fund’s overall investment program but may be excused from a particular investment due to legal, regulatory or other applicable constraints; for the avoidance of doubt, such arrangements generally do not and will not create an adviser-client relationship between the Advisers and any investor. Each Fund or its General Partner generally enter into side letters or other similar agreements (“Side Letters”) with certain investors that have the effect of establishing rights under, altering or supplementing the applicable Partnership Agreement, including providing informational rights, addressing regulatory matters or varying fees and carried interest, with respect to such investors. Additionally, from time to time and as permitted by the relevant Partnership Agreement, the Advisers expect to provide (or agree to provide) investments or co-investment opportunities (including the opportunity to participate in co-investment vehicles) to certain current or prospective investors or other persons, including other sponsors, market participants, finders, consultants and other service providers, the Adviser’s personnel and/or certain other persons associated with the Adviser and/or its affiliates. Such co-investments typically involve investment and disposal of interests in the applicable portfolio company at the same time and on the same terms (although co-investors are generally subject to different economic terms) as the Fund making the investment. However, from time to time, for strategic and other reasons, a co-investor or co-invest vehicle (including a co-investing Fund) is permitted to purchase a portion of an investment from one or more Funds after such Funds have consummated their investment in the portfolio company (also known as a post-closing sell-down or transfer). The Management Company’s principal owner is Dr. Romesh Wadhwani. STG Partners Affiliation STG Partners LLC (“STG Partners”) was founded in 2017 and serves as the investment manager of several private investment funds and co-investment vehicles (collectively, the “STG Funds”). STG Partners was formed to succeed the Management Company and is led by William Chisholm. Affiliates of STG Partners serve as general partners or managing members of the STG Funds (collectively, the “STG General Partners”). Each STG General Partner is subject to the Advisers Act pursuant to and in reliance upon STG Partners’ registration in accordance with SEC guidance. The Management Company, STG Partners and the STG General Partners have different ownership, but have significant overlap with regard to advisory personnel, investment strategy and processes. The Management Company receives services from employees of STG Partners, who also provide services to STG Partners, the STG Funds and their portfolio companies. Additionally, one or more STG Funds potentially will invest in portfolio companies that are the same as, or similar to, portfolio companies invested in by the Funds.