Symphony Technology Group, LLC (the “Management Company”) and its affiliates
(collectively, “Symphony”) is a private investment management firm that focuses on managing
private equity 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, 2023, the Management Company managed
approximately $428,819,718 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 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 (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.
Symphony is not making new investments and the Funds are being managed in wind down.
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 in Item 8 below. 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.
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.
The Management Company and STG Partners have different ownership, but have
significant overlap with regard to advisory personnel, investment strategy and processes. Under
an investment management agreement, members of STG provide services to Symphony, the
Symphony Funds and portfolio companies of the Symphony Funds.