THE STERLING GROUP, L.P. other names

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Adviser Profile

As of Date:

03/28/2024

Adviser Type:

- Large advisory firm


Number of Employees:

65 16.07%

of those in investment advisory functions:

46 15.00%


Registration:

SEC, Approved, 3/30/2012

AUM:

5,931,030,810 -1.21%

of that, discretionary:

5,931,030,810 -1.21%

Private Fund GAV:

5,931,030,810 -3.49%

Avg Account Size:

456,233,139 -1.21%


SMA’s:

NO

Private Funds:

13

Contact Info

713 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
6B 5B 4B 3B 3B 2B 858M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

Sterling Check Corp. (NASDAQ:STER) Q3 2023 Earnings Call Transcript
11/12/2023

Sterling Check Corp. (NASDAQ:STER) Q3 2023 Earnings Call Transcript November 11, 2023 Operator: Hello everyone and welcome to the Sterling Third Quarter 2023 Earnings Call. My name is Seth and I will be the operator for your call today. [Operator Instructions] I will now hand over to Judah Sokel to begin the conference. Please go […]

Insider Monkey

Event driven and equities strategies lead hedge fund gains in August
09/08/2023

Event driven and equities strategies lead hedge fund gains in August Submitted 08/09/2023 - 10:33am Hedge funds posted gains in August led by event driven and equity hedge strategies, with the HFRX Event Driven Index gaining +1.10%, and the HFRX Global Hedge Fund Index gaining +0.33% for the month, according to the latest data from HFR. Merger arbitrage manager...

Hedge Week

Event driven and equity hedge strategies lead hedge fund gains in August
09/08/2023

Event driven and equity hedge strategies lead hedge fund gains in August Submitted 08/09/2023 - 10:33am Hedge funds posted gains in August led by event driven and equity hedge strategies, with the HFRX Event Driven Index gaining +1.10%, and the HFRX Global Hedge Fund Index gaining +0.33% for the month, according to the latest data from HFR. Merger arbitrage man...

Hedge Week

Sterling Check Corp. (NASDAQ:STER) Q2 2023 Earnings Call Transcript
08/15/2023

Sterling Check Corp. (NASDAQ:STER) Q2 2023 Earnings Call Transcript August 12, 2023 Operator: Good morning. And welcome to the Sterling Second Quarter 2023 Earnings Call. My name is Carla, and I will be the operator of today’s call. [Operator Instructions] I would now like to pass the conference over to our host Judah Sokel, Senior […]

Insider Monkey

Sterling Infrastructure, Inc. (NASDAQ:STRL) Q2 2023 Earnings Call Transcript
08/10/2023

Sterling Infrastructure, Inc. (NASDAQ:STRL) Q2 2023 Earnings Call Transcript August 8, 2023 Operator: Greetings, and welcome to the Sterling Infrastructure Second Quarter 2023 Conference Call and Webcast. [Operator Instructions]. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Noelle Dilts, Vice President of Investor Relations and Corporate […]

Insider Monkey

Sterling Check Corp. (NASDAQ:STER) Q4 2022 Earnings Call Transcript
03/06/2023

Sterling Check Corp. (NASDAQ:STER) Q4 2022 Earnings Call Transcript March 2, 2023 Operator: Good morning or good afternoon, all and welcome to the Sterling Fourth Quarter 2022 Earnings Call. My name is Adam and I’ll be your operator for today. I will now hand the floor over to Judah Sokel, Head of Treasury and Investor […]

Insider Monkey


Private Funds Structure

Fund Type Count GAV
Private Equity Fund 13 $5,931,030,810

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Private Funds



Employees




Brochure Summary

Overview

The Sterling Group, L.P. (together with its general partner, “Sterling Group”), a Texas limited partnership, together with any predecessors, has been in business since 1981 and is a private investment management firm that provides investment advisory services to private investment funds. The Sterling Group GP, LLC, a Delaware limited liability company, acts as the general partner of the Sterling Group. Sterling Group is not principally owned by any one individual or entity. Sterling Group’s affiliated entities serve as the general partners of Sterling Group Partners IV, L.P., Sterling Group Partners V, L.P., Sterling Group Partners VI, L.P. and Sterling Group Foundation Fund, L.P. (together with any parallel investment vehicles and alternative investment vehicles, the “Sterling Equity Funds”) and Sterling Group Credit Fund, L.P. and Sterling Group Credit Fund II, L.P. (together with any parallel investment vehicles and alternative investment vehicles, the “Credit Funds”). The Sterling Equity Funds and Credit Funds, together with any future private investment fund to which Sterling Group or its affiliates provide investment advisory services, are collectively referred to herein as the “Private Investment Funds.” The current Private Investment Funds have entered into management agreements with the following affiliated entities of Sterling Group to provide investment advisory services: Sterling Group Management IV, L.P. (“Sterling Management IV”), Sterling Group Management V, L.P. (“Sterling Management V”), Sterling Group Management VI, L.P. (“Sterling Management VI”), Sterling Group Credit Management, L.P. (“Sterling Credit”), Sterling Group Credit Management II, L.P. (“Sterling Credit II”) or Sterling Group Foundation Management, L.P. (“Sterling Foundation”). Sterling Group, Sterling Management IV, Sterling Management V, Sterling Management VI Sterling Credit, Sterling Credit II and Sterling Foundation are collectively referred to herein as “Sterling.” Sterling Management IV, Sterling Management V, Sterling Credit, Sterling Credit II, Sterling Foundation and the general partners of the Private Investment Funds do not have any employees of their own. As a result, Sterling Management IV, Sterling Management V, Sterling Credit, Sterling Credit II and Sterling Foundation have entered into sub-management agreements with Sterling Group to provide investment advisory services. Pursuant to the sub-management agreements described above, all investment advisory services are
performed by employees of Sterling Group. The Private Investment Funds are managed in accordance with their respective private equity or private credit strategies and invest through negotiated transactions in operating entities, generally referred to herein as “portfolio companies.” Sterling’s investment advisory services to the Sterling Equity Funds consist of identifying and evaluating investment opportunities, negotiating investments, managing and monitoring portfolio companies and achieving dispositions for such investments. Investments are made predominately in non-public companies, although investments in public companies are permitted. Sterling personnel generally serve on such portfolio companies’ respective boards of directors or otherwise act to influence control over management of portfolio companies. With respect to the Credit Funds, Sterling’s investment advisory services consist primarily of identifying and evaluating mezzanine and second lien loans to middle-market and lower middle-market companies as well as equity co-investments alongside its loans. The Credit Funds expect to be minority investors in such portfolio companies. Sterling formulates the investment objective for each Private Investment Fund, directs and manages the investment and reinvestment of each Private Investment Fund’s assets, and provides periodic reports to investors in each Private Investment Fund. Investment advice is provided directly to each Private Investment Fund and not individually to the limited partners of the Private Investment Fund. The terms upon which Sterling and its affiliates serve as investment manager and general partner of a Private Investment Fund are established at the time of the organization of each Private Investment Fund and are generally set forth in the governing documents of such Private Investment Fund. Sterling’s investment strategies are discussed in further detail under Item 8 - Methods of Analysis, Investment Strategies and Risk of Loss below. Investors in Private Investment Funds participate in the overall investment program for the applicable Private Investment Fund, but in certain circumstances are excused from a particular investment due to legal, regulatory or other applicable constraints pursuant to the applicable governing documents; such arrangements generally do not and will not create an adviser-client relationship between Sterling and any investor. As of December 31, 2023, Sterling managed approximately $5,931,030,810 in client assets on a discretionary basis.