PSG Equity L.L.C.

Key Holdings

The portfolio’s sole position is EverCommerce Inc., which accounts for 100.00% of the total assets at a value of $951.22 million. PSG Equity holds 85.46 million shares of the company. This absolute concentration indicates that PSG Equity is not merely a passive investor but likely holds a controlling or significant strategic stake in EverCommerce. Given the volume of shares held, PSG Equity is presumably the largest shareholder in the company. The performance of the firm's entire capital base is inextricably linked to the success and stock price movements of this single entity.

Sector Allocation

The sector allocation for the portfolio is listed entirely as "Unknown" or "Other," representing 100% of the $951.22 million in assets. While EverCommerce Inc. operates primarily in the technology sector—specifically providing service automation software for vertical service businesses—the 13F filing data categorizes the allocation broadly. From a risk management perspective, the portfolio has a 100% concentration in a single industry vertical. This eliminates the benefits of sector hedging; if the specific niche in which EverCommerce operates faces headwinds, the portfolio has no offsetting positions in other sectors to mitigate losses.