Hg's quarterly update
Together we build enduring software and services leaders that transform how people work
proceeds returned from Software & Services businesses at 3.1x gross MOIC / 32% gross IRR2
years of investing (30+ including pre-independence)
aggregate EV of the Hg portfolio
total Software & Services Investments (200+ Total)
funds under management
employees across London, Munich, New York, Paris, San Francisco & Singapore
(All facts and figures as at 30 September 2024, adjusted for events post period)
¹ Adjusted to currency spot rates. 2 Returns presented are gross and do not include the effects of fees, commissions and other charges. Past performance is not a reliable indicator of future results. The value of investments and the income from them can go down as well as up as a result of market and currency fluctuations and other factors, some of which may be outside of our control, and investors may not get back the amount they originally invested.
Our portfolio in numbers
an ecosystem of software and services champions
Portfolio companies
portfolio employees
portfolio employee growth
portfolio revenue growth LTM
portfolio EBITDA growth LTM
total revenue of our companies
Investment activity
LTM platform investment activity 5
Total deal EV
New platform investments
Last 10yrs investment activity
Total platform deal EV
Platform investments across software and services
3 As at 30 June 2024, adjusted for post period events, including realised and partially realised software & services investments made post-independence from 2001 to 2024. Past performance is not a reliable indicator of future results. Returns presented are gross and do not include the effects of fees, commissions and other charges. 4 These figures represent LTM 30 June 2024 sales and EBITDA growth of the top 20 investments held by HgCapital Trust plc (c.78% of the Hg portfolio), calculated on a weighted basis, based on the respective gross valuations of the underlying investments. HGT, whose shares are listed on the London Stock Exchange, gives private and institutional investors the opportunity to participate in all Hg's investments . 5 Includes all investments, some remain subject to closing
2024 M&A activity
6 Publicly disclosed transactions on company website from 1st January 2024 to 30th September 2024. Some investments remain subject to closing
Over a decade of software and services transactions
7 Includes all announced investments, some may remain subject to closing
Hg ranked top 10 globally and top 3 in Europe In the 2024 PEI300
Hg ranked top 3 in Pitchbook's most active technology PE investor In their 2024 Q1 League Tables
#1 Global Tech PE for deal count In the AGC 2023 report
The information in this video is not intended to be, and shall not be regarded or construed as, a recommendation or solicitation for any transaction or investment, nor financial, legal, tax or other advice of any kind, nor constitute or imply any commitment whatsoever, including, without limitation, an offer to purchase, sell or hold any security, investment, loan or other financial product or to enter into or arrange any type of transaction or investment. Nothing contained in this Information may be relied on as the basis for any contract for the purchase or sale of any investment. The Information was prepared exclusively by Hg, and the opinions expressed therein are current as of the date specified only.
Neither the Securities and Exchange Commission nor any other regulator has approved, passed on or endorsed the merits of any investment opportunity that may be described herein, nor have any foregoing authority confirmed the accuracy or determined the adequacy of this information. Any representation to the contrary is a criminal offense. Nothing contained in the information shall be relied upon as a promise or representation whether as to past or future performance. Hg does not have or undertake any obligation to update or keep current the information.
Any performance information contained [in this video] is based in part on hypothetical assumptions and, for certain assets, projected performance and “forward-looking statements”. These include, among other things, projections, hypothetical analyses of income, yield or return, future performance targets, sample or pro forma portfolio structures or portfolio composition. All forward-looking statements included are based on information available on the date of this document and neither Hg nor any of its affiliates assumes any duty to update any forward-looking statement. Such results are presented for illustrative purposes only and are based on various assumptions, not all of which are described herein. No representation or warranty is made by Hg, or any of its affiliates as to the reasonableness of such assumptions or as to any other financial information contained in the performance information (including the assumptions on which they are based). The actual performance of any underlying investment may differ, and may differ substantially, from that set forth in the performance information and undue reliance should not be placed on any such forward-looking statements. The performance information is provided on the understanding that a sophisticated investor will understand and accept its inherent limitations.
In all circumstances no representation, warranty or undertaking, express or implied, is or will be made or given and no responsibility or liability is or will be accepted by, and no party shall have any right of action (except in the case of fraud) against Hg or its directors, officers, employees, partners, shareholders, advisers or agents or any other person in relation to the accuracy or completeness of the information.
Hg Pooled Management Limited and its parent entity HgCapital LLP are authorised and regulated by the Financial Conduct Authority. Recipients of the Information are not clients of HgCapital LLP or Hg Pooled Management Limited. Neither HgCapital LLP or Hg Pooled Management Limited act for any recipient and neither firm will be responsible for providing protections afforded to their clients or advising recipients.