Stripes Group - Fund size / comp?
Old threads are pretty outdated, any updated info on this firm? They have ~$7.7B AUM, but didn't see anything online about size of latest fund.
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Just closed Fund VI in the $2-3 billion range I believe.
thanks. Are you familiar with the GE space? Curious on the industry view on this shop relative to peers.
Following
most recent fund likely to hit 3x+ net, 2 prior funds to this are above 4x net (as of q4-21)
It's weird that you refer to them (or they refer to themselves?) as growth equity because they're basically a Series B/C focused venture firm. In terms of the implications of this, they're a big-time "growth at all costs" kind of investor, cutting $20-50M checks in sexier / higher-flying businesses. More disciplined than say a Softbank or Tiger, but I'm still skeptical that this strategy will yield sustained good outcomes when you're no longer in a historic crazy bull market for tech.
I'll also add that the returns info above (as it would be for any tech-focused fund in Q4 2021) is likely grossly inflated based on paper markups that I wouldn't expect to hold in the current market climate.
Their office in Meatpacking is pretty cool though.
And I'll caveat all of the above by saying that the guy I know there is one of the most self-important douchebags I've ever met, so that may be coloring my view on the firm slightly.
Their Q4 2021 marks were very strong as others noted but there was a lot of value locked up on Monday.com, On Running, and one other portco all of which had gone public but were still in the lockup period. Those marks all came down significantly with the rest of the market this year.
Do HHs cover them?
Curious to hear more about this firm
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