HgCapital Targets $14.75bn for Buyout Funds

HgCapital in London is targeting roughly $14.75bn for two new buyout funds less than two years after it secured almost $10bn for the strategies.

The firm aims to collect at least $8.5 billion for Hg Saturn 3 LP, its large-company buyout fund and €5.5 billion, equivalent to $6.25 billion, for Hg Genesis 10 LP, which focuses on midsize businesses, according to public documents prepared for the Connecticut Retirement Plans and Trust Funds. Both strategies target investments in software and services.

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Hg is a leading European investor in software and services, focused on backing businesses that change how we all do business. Deep technology expertise, complemented by vertical application specialisation and dedicated operational support, provides a compelling proposition to management teams looking to scale their businesses.

Hg has funds under management of over $30 billion, with an investment team of over 140 professionals, plus a portfolio team of more than 30 operators, providing practical support to help our businesses to realise their growth ambitions. Based in London, Munich and New York, Hg has a portfolio of over 30 software and technology businesses, worth over $50 billion aggregate enterprise value, with over 35,000 employees globally.

Source: Wall Street Journal

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