Hg strengthens executive team with promotions and CIO appointment
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24th April 2025. Hg, a leading investor in European and transatlantic software and services businesses, today announces three new Partner promotions and seven promotions to Director. Hg has also appointed Brian Mason as the firm’s new Chief Information Officer.
All promotions recognise both individuals’ significant contributions to date and ability to help lead the firm in the future, as Hg scales its investment and operational capacity to create world-class businesses that translate technology to the workplace. Today, Hg backs more than 50 businesses supplying critical software or workflow services that transform how people work, with revenues typically growing at circa 20% annually. This includes several European technology champions that have scaled across decades, such as Visma, headquartered in Norway, IFS, headquartered in Sweden, and P&I, headquartered in Germany. The combined enterprise value of Hg’s portfolio has now grown to over $160 billion.
Matthew Brockman, Managing Partner at Hg, said:
“It’s a pleasure to announce several well-deserved promotions across the firm. Joe, Louis and Jonathan have each made significant contributions to the businesses we back, whilst consistently demonstrating the values that have made our firm successful. All promotions reflect both professional achievement and long-term commitment to our collaborative culture. I’m also delighted to welcome Brian as our new CIO. We’re at a critical juncture as technology reshapes the way we all work, and Brian brings valuable experience that will enhance our approach.”
Joe Jefferies is an investor in the Saturn team, based in the London office, and focuses on Tax & Accounting and ERP & Payroll clusters. He has co-led investments in and sits on the boards of IRIS Software Group, The Access Group, Dext, and Howden Group.
Louis Kinsella is an investor in the Mercury team, based in the London office, and focuses on Hg’s ‘Office of the CFO’ cluster. He played an integral role in establishing Hg’s presence in the US, before returning to London. Louis has also played key roles in Hg’s investments in Prophix, CTAIMA, CINC, Azets, Citation Group, and GTreasury.
Jonathan Wulkan is an investor in the Saturn team and helped to launch Hg’s San Francisco office. He focuses predominantly on Hg’s ERP and Fintech clusters. He has played a key role in Hg’s investments into AuditBoard, IFS, Sovos, and WorkWave - recently leading Hg’s additional investment into IFS.
Brian will be based in the firm’s London office and joins from BC Partners where he was Group Chief Technology Officer. He will shape Hg’s approach to technology infrastructure, data, and AI while collaborating with Hg’s Value Creation Team.
The seven promotions to Director span several teams: Mathijs de Bruijn (Client Services), Matthijs Deroo (Genesis), Katie Forbes (Hg Wealth), Chelsea Lau (Capital Markets), Thomas Martin (Mercury), Stefanie Raiola (Genesis), and Sebastian Zureich (Mercury).
For further information, please contact:
Hg
Tom Eckersley, tom.eckersley@hgcapital.com
Sam Ferris, sam.ferris@hgcapital.com
About Hg
Hg supports the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers. This industry is characterised by digitization trends that are in early stages of adoption and are set to transform the workplace for professionals over decades to come.
Hg’s support combines deep end-market knowledge with world class operational resources, together providing compelling support to entrepreneurial leaders looking to scale their business – businesses that are well invested, enduring and serve their customers well.
With a vast European network and strong presence across North America, Hg’s 400 employees and around $75 billion in funds under management support a portfolio of around 50 businesses, worth over $160 billion aggregate enterprise value, with around 115,000 employees, consistently growing revenues at more than 20% annually.