Overview
A. The Stagwell Group LLC (the “Firm” or “The Stagwell Group”) is a Delaware limited liability
company that was formed in December 2014. The Stagwell Group currently has two offices,
one which is located in Miami Beach, FL and the other which is located in Washington, D.C.
The Firm serves as an investment adviser to pooled investment vehicles (each a “Client” or
“Fund” and collectively, the “Clients” or “Funds”), which are exempt from registration under
the Investment Company Act of 1940, as amended (the “Investment Company Act”), pursuant
to Section 3(c)(7) of the Investment Company Act.
Mr. Mark J. Penn serves as the Firm’s principal owner and managing member (the “Managing
Member”).
The Firm provides discretionary investment advisory services to its Funds, which primarily
seek to acquire positions in data analytics, public relations, advertising and other media-related
and/or communications companies (each a “Portfolio Company” and collectively the
“Portfolio Companies”).
B. The Firm manages the Funds in accordance with the investment objectives and limitations set
forth in each Fund’s governing documents, and the investment management agreement
between the Firm and each Fund.
The descriptions set forth in this Brochure of the advisory
services that we offer to the Funds, and investment strategies pursued and investments made
by us on behalf of the Funds, should not be understood to limit the Firm’s investment activities.
Subject to the provisions in each Fund’s investment objectives and guidelines, the Firm may,
in its full discretion, offer any advisory services, engage in any investment strategy and make
any investment, including any not described in this Brochure, that we consider appropriate.
C. The Firm utilizes a similar investment strategy for all its Funds; however, some Funds may
differ slightly in their approach to investing, as further specified in each Fund’s governing
documents. The Firm may also tailor the advisory services it provides to the Funds to the extent
that certain investments cannot be held by certain Funds for legal and tax purposes. The Funds
may not impose restrictions in investing in certain securities or types of securities.
D. The Firm does not participate in wrap fee programs.
E. As of December 31, 2023, the Firm managed approximately $1,090,000,000 of assets on a
discretionary basis and $0 of assets on a non-discretionary basis.
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