SEC FORM 3

SEC FORM 3 SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

AlpInvest Partners B.V.

(Last)

(First)

(Middle)

JACHTHAVENWEG 118

(Street)

AMSTERDAM

1081 KJ

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
04/30/2023

3. Issuer Name and Ticker or Trading Symbol
Stagwell Inc [ STGW ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
No securities are beneficially owned⁽¹⁾⁽²⁾⁽³⁾	0⁽¹⁾	I	See Notes⁽²⁾⁽³⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)

1. Name and Address of Reporting Person^*

AlpInvest Partners B.V.

(Last)

(First)

(Middle)

JACHTHAVENWEG 118

(Street)

AMSTERDAM

1081 KJ

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

AlpInvest Partners US Secondary Investments 2016 I C.V.

(Last)

(First)

(Middle)

JACHTHAVENWEG 118

(Street)

AMSTERDAM

1081 KJ

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

AlpInvest PEP Secondary 2017 C.V.

(Last)

(First)

(Middle)

JACHTHAVENWEG 118

(Street)

AMSTERDAM

1081 KJ

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

AlpInvest Secondaries Fund VI C.V.

(Last)

(First)

(Middle)

JACHTHAVENWEG 118

(Street)

AMSTERDAM

1081 KJ

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

AlpInvest Secondaries Fund (Euro) VI C.V.

(Last)

(First)

(Middle)

JACHTHAVENWEG 118

(Street)

AMSTERDAM

1081 KJ

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

GGG US Secondary 2017 C.V.

(Last)

(First)

(Middle)

JACHTHAVENWEG 118

(Street)

AMSTERDAM

1081 KJ

(City)

(State)

(Zip)

Explanation of Responses:

1. Each of AlpInvest Partners US Secondary Investments 2016 I C.V., AlpInvest PEP Secondary 2017 C.V., AlpInvest Secondaries Fund VI C.V., AlpInvest Secondaries Fund (Euro) VI C.V., GGG US Secondary 2017 C.V., AlpInvest GA Secondary C.V., AG Secondary C.V., APSS Secondary C.V., AJ Secondary C.V. and AP Fondo Secondaries II C.V. (collectively, the "AlpInvest Funds" and, together with AlpInvest Partners B.V., the "Reporting Persons") are limited partners of Stagwell Media LP. As of April 30, 2023, the Reporting Persons have the right to cause Stagwell Media LP to make a distribution-in-kind of shares of Class A Common Stock of Stagwell Inc. Such right does not expire. The number of shares that would be delivered upon exercise of such right is determined by, among other things, the trading price of shares of Class A Common Stock of Stagwell Inc.

2. AlpInvest Partners Secondary Investments 2016 I B.V. is the general partner of AlpInvest Partners US Secondary Investments 2016 I C.V. AlpInvest PEP GP B.V. is the general partner of AlpInvest PEP Secondary 2017 C.V. AlpInvest SF VI B.V. is the general partner of each of AlpInvest Secondaries Fund VI C.V. and AlpInvest Secondaries Fund (Euro) VI C.V. AlpInvest GGG B.V. is the general partner of GGG US Secondary 2017 C.V. AlpInvest GA B.V. is the general partner of AlpInvest GA Secondary C.V. AlpInvest G GP, B.V. is the general partner of AG Secondary C.V. AlpInvest PSS GP B.V. is the general partner of APSS Secondary C.V. AlpInvest J GP BV is the general partner of AJ Secondary C.V.

3. (cont'd) AlpInvest Fondo B.V. is the general partner of AP Fondo Secondaries II C.V. AlpInvest Partners B.V. is the managing director of each of AlpInvest Partners Secondary Investments 2016 I B.V., AlpInvest PEP GP B.V., AlpInvest SF VI B.V., AlpInvest GGG B.V., AlpInvest GA B.V., AlpInvest G GP, B.V., AlpInvest PSS GP B.V., AlpInvest J GP BV, AlpInvest Fondo B.V. (collectively, the "General Partners"). Due to this relationship, AlpInvest Partners B.V. may be deemed to exercise voting and dispositive power with respect to securities held by the AlpInvest Funds. Each of the Reporting Persons and General Partners disclaims beneficial ownership of securities owned by the AlpInvest Funds except to the extent of its pecuniary interest therein.

Remarks:

Because no more than ten Reporting Persons can file any one Form 3 through the Securities and Exchange Commission's EDGAR system, AlpInvest GA Secondary C.V., AG Secondary C.V., APSS Secondary C.V., AJ Secondary C.V., and AP Fondo Secondaries II C.V. have made a separate Form 3 filing.

	/s/ Erica Herberg	05/10/2023
	/s/ Rob de Jong	05/10/2023
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

SEC Form 3: New insider Alpinvest Partners B.V. claimed no ownership of stock in the company