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).

View source version on businesswire.com: https://www.businesswire.com/news/home/20230626721393/en/

The Stagwell Registered (A) Stock at the time of publication of the news with a raise of 0,00 % to 6,60EUR on Lang & Schwarz stock exchange (26. Juni 2023, 14:09 Uhr).