Microtransactions and Beyond
Law360 (August 14, 2018, 3:34 PM EDT) — Private equity shop AlpInvest Partners on Tuesday said it will invest $260 million in marketing investment firm The Stagwell Group, marking the first outside contribution for Washington, D.C.-based Stagwell since its launch in 2015 by former Microsoft executive Mark Penn.
Mark Penn’s Stagwell Group, a portfolio of self-described digital-centric marketing and research companies, announced today the completion of a $260 million capital raise from investment funds managed by global private equity firm AlpInvest Partners.
Stagwell Media LLC, the fund of The Stagwell Group, completed a $260m capital raise from investment funds managed by global private equity investor AlpInvest Partners. AlpInvest Becomes bhe first outside investor in the marketing group since its launch. The new investment will support Stagwell’s strategy of building a network of […]
Good morning, Term Sheet readers. VC firm Andreessen Horowitz is raising a new $15 million fund “targeted at black celebrities, athletes and media figures,” according to the WSJ. Basketball star Kevin Durant, actor Will Smith and Essence magazine publisher Richelieu Dennis are among the first limited partners to commit. The […]
Stagwell Group has raised $260 million in funding from AlpInvest Partners. Mercury Capital Advisors provided financial advice to Stagwell Group on the transaction. Stagwell Group is an investment firm formed by ex-Bill Clinton adviser Mark Penn.
Facebook, Spotify and YouTube have dropped conspiracy theorist Alex Jones. Twitter has not. NPR’s Lakshmi Singh talks to Recode editor Kara Swisher and former Microsoft executive Mark Penn.
Aug. 10, 2018 – 6:12 – Nancy Pelosi has led Democrats in the House of Representatives for more than 15 years, and now more and more of those Democrats say they will not support her if the party retakes the majority in November. Plus, ‘Manhattan Madam’ Kristin Davis testifies before […]
Big tech has made a big mistake. Swept up in a wave of political correctness and the fallout from the Russia investigation, many of the largest online platforms have embarked upon a fruitless adventure in censorship that can only further divide rather than unite the nation. These internet companies have […]
Aug. 06, 2018 – 7:29 – Former Clinton adviser Mark Penn on trade tensions, the midterm elections and Sen. Elizabeth Warren hinting at a 2020 presidential run.
Aug. 05, 2018 – 5:41 – Analysis from Alan Dershowitz, Harvard law professor emeritus, Mark Penn, former Clinton strategist and chairman of The Harris Poll, and former Sen. Al D’Amato.
Mark Penn is the President and Managing Partner of The Stagwell Group, a private equity fund focused on the marketing services industry.