Skip to main content

The Stagwell Group, Manager of Stagwell Media LP, Redeems AlpInvest Partners’ Remaining Interests

Today, the Stagwell Group, manager of Stagwell Media LP, announced it has redeemed AlpInvest Partners’ remaining interest in the Stagwell Media LP fund.

“We thank AlpInvest for their successful partnership over the last several years. This move leaves only two investors in Stagwell Media LP: myself and Steve Ballmer,” said Mark Penn, Managing Partner at Stagwell Group, LLC. “We are both excited about and committed to the success of Stagwell Inc.”

About Stagwell Group

The Stagwell Group LLC (the “Stagwell Group”) is a registered investment advisory company formed by Mark Penn. The Stagwell Group manages a private equity fund whose portfolio includes Stagwell Inc., the challenger network built to transform marketing (NASDAQ: STGW).


Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.