Preqin founder builds $200m stake in Hg vehicle through family office

Mark O’Hare’s family office has accumulated a 7.2% stake in HgCapital Trust, building a position worth approximately $200m, according to Bloomberg.

The investment vehicle, Valhalla Ventures, has disclosed multiple share purchases this month, reinforcing O’Hare’s exposure to private equity following the $3.2bn sale of Preqin to BlackRock last year.

HgCapital Trust provides listed exposure to the private markets portfolio of Hg, which specialises in high-growth software and technology companies across Europe and North America.

O’Hare, whose net worth is estimated at $2.2bn, has increasingly deployed capital through his family office since exiting Preqin. 

The move reflects a broader trend of private markets entrepreneurs recycling liquidity into buyout strategies via listed trusts and secondary vehicles. It also signals continued confidence in technology-focused private equity platforms despite more selective fundraising conditions.

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