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Hg is committed to building businesses that change the way we all do business, through deep sector specialisation and dedicated operational support.

>$30bn funds under management

Hg’s vision is to be the most sought after private equity investor within our sector focus, being a partner of choice for management teams and providing a rewarding environment for Hg colleagues.

Hg has a clear investment approach, targeting Software and Services companies operating in “Hg clusters” growing faster than the broader economy. We primarily seek controlling equity buyout investments in businesses headquartered in Europe and North America.

Hg’s objective is to pursue investment theses supporting long-term growth, leveraging its expertise working with Software and Services companies to implement initiatives designed to maximise organic expansion, as well as through rolling up fragmented sectors, over typical hold periods of approximately five years.

>$60bn EV (31 March 2021 PF)

Hg has led over 100 investments in the software and services sector during the last 25 years. This focus means we have developed an institutional expertise and a deep understanding of the markets and businesses in which we invest.

For further detail, our latest factsheet can be downloaded here.

On an aggregated basis, the Hg portfolio would represent the second largest, and fastest growing, software business in Europe.

The Power of the Portfolio

Hg has a unique approach and strategy, with a focus on achieving  scale in tightly defined clusters of expertise.

As a result we have assembled a large portfolio of companies and business models that share similar characteristics, but differ in size and maturity.

This creates a natural environment for knowledge sharing, creating a network effect to drive best practices and value creation initiatives.

This is why we believe in collaboration and the ‘power of the portfolio’.

This scale and focus enables our businesses to benefit from being part of one larger organisation, whilst retaining their own identity.

>150 highly regarded institutional investors

Hg’s investment teams have a flexible approach in terms of both size and horizon.

This means that at any given time, the Hg portfolio will comprise more than thirty software and services businesses with similar characteristics, but of different sizes, end market focus, and maturity profiles. These characteristics comprises businesses models that have a:

  • Business critical need delivered as software or service
  • Subscription or repeat revenue model
  • Utilising years of accumulated IP > high margin
  • Fragmented customer base

This flexible investment approach is made possible by three buyout strategies, with deal sizes ranging from $50 million to over $9 billion:


Hg Saturn Logo
Hg Genesis Logo
Hg Mercury Logo

The Saturn funds focus on larger-cap companies with enterprise values above $1.7 billion. Hg’s typical hold will be between $370 million and $760 million and we aim to make between eight to ten investments in the latest fund.

The Genesis funds focus on mid-market companies with enterprise values between $560 million and $1.7 billion. Hg’s typical hold will be between $200 million and $590 million and we aim to make between ten to twelve investments in the latest fund.

The Mercury funds focus on smaller-cap companies with enterprise values between $110 million and $560 million. Hg’s typical hold will be between $60 million and $190 million and we aim to make between ten to twelve investments in the latest fund.

Hg Saturn Logo
The Saturn funds focus on larger-cap companies with enterprise values above $1.7 billion. Hg’s typical hold will be between $370 million and $760 million and we aim to make between eight to ten investments in the latest fund.

Hg Genesis Logo
The Genesis funds focus on mid-market companies with enterprise values between $560 million and $1.7 billion. Hg’s typical hold will be between $200 million and $590 million and we aim to make between ten to twelve investments in the latest fund.

Hg Mercury Logo
The Mercury funds focus on smaller-cap companies with enterprise values between $110 million and $560 million. Hg’s typical hold will be between $60 million and $190 million and we aim to make between ten to twelve investments in the latest fund.

c240 employees in three investment offices

Today Hg has c.240 employees representing the largest technology investment team in Europe.

We have three investment offices based in London, Munich and New York, managing funds under management of over $30 billion and serving more than 150 highly regarded institutional investors, including private and public pension funds, insurance companies, endowments and foundations.

Hg is itself an entrepreneurially-led fast growing business 100% owned and managed by its Partners.

The company is committed to being a responsible investor and, as such, is a signatory of the UN Principles for Responsible Investment.

We are also delighted to be a sponsor of Level 20, the not-for-profit organisation established to inspire women to join and succeed in the private equity industry.

A little bird told me...

@HgCapital

Congratulations to @IRISSoftwareGrp on expanding their North American presence with this exciting new acquisition and welcome @DocItSuite! To keep up to date with Hg and portfolio news, sign up to our newsletter: https://t.co/KHAqlU1hOI https://t.co/yB6ohJ5IBN

23 July
@HgCapital

Congrats to the team at @insightsoftware on the acquisition of Australian all-in-one budgeting and planning solution company, @CALUMO Read more: https://t.co/zvaxdBmjWV #data #analytics #finance #software https://t.co/RpCmITJ5rU

23 July
@HgCapital

Hugh MacArthur speaks to Hg's Senior Partner, Nic Humphries, in the latest episode of @BainAlerts' Dry Powder podcast about how we incorporate advanced #analytics, #AI and #ML into our investment strategy. Listen to the full episode: https://t.co/EN7VwFe5os https://t.co/iNfWqtATqZ

22 July

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