STG Partners
Any thoughts on Symphony Technology Group? From an associate perspective, what is the pay, prestige, potential lateral exits, returns, etc.
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Culture is pretty great. It used to be very sweaty before a change in leadership and that is where a lot of the “sweaty culture” comments come from. Top decile returns. Flagship fund will look at anything from $500M-$5B so there is a broad range. Look at RSA or Fireye. They have a lower middle market fund too. Associates work and get solid exposure but the wlb seems much better than comparable buyout funds. Deals can get hairy with a lot of looks at carve outs and other complex deal strategies. Internal promote culture with virtually nobody going to get their MBA after associate. Comp is on par with most MM funds. Co-invest available as an associate. Software focused, value investors. All majority deals
top quartile consistently
Technical interview process too, but it definitely goes to show of the caliber of individuals they’re looking for
Culture has improved over last few years but is still no walk in the park given the type of deals they work on. People are super sharp. WLB better than most MM funds, pay on par. Heard VP comp is above avg but good VPs get grinded.
Bumping the thread
Any reason why they rarely get mentioned given that they recently raised a pretty big $4bn+ fund? How does it compare to other bay area firms like Genstar, Francisco, Arcline, Golden Gate, GI etc. in terms of exit, comp, returns?
Very solid software fund that gets added to the buyer's list of every value-based software play – they just purchased Wrike from Vista & Elliot. Don't think they're mentioned often since they weren't really prevalent until 2017 when they institutionalized their fund (was previously a family office that didn't open up to other investors). Since opening up to new investors, they've doubled fund size every fundraise. Wouldn't be surprised if they doubled their fund size in the next 3 - 5 years given that it's great to be a value investor in this environment. Don't really know what MoMs or IRRs they're posting but likely very solid given their track record since 2017. Currently seeing them in the mix for a good amount of sell-side mandates between $500mm - $2bn.
How has their fund performed recently? Know they raised a ~$4bn fund last year but any idea what historic returns have been like or where to find them?
Bump
They have multiple top quartile/decile funds in a row. Their performance is quite literally top tier in every sense and they'll continue to kill it with fundraising as a result.
Thanks I appreciate it, what is comp like? I've seen it thrown around that it's "in line with other MM", but with solid returns, larger fund sizes, and larger deals it look like they're doing larger deals so is comp moving towards more in line with UMM shops?
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