Hg

About Hg

Hg is a London-headquartered B2B software and tech-enabled services specialist private equity firm with approximately $75 billion of assets under management as of December 2024, with offices in Munich, New York, Paris, San Francisco and Singapore. The firm was founded in 2000 (as Hg Capital) following the Mercury Private Equity spin-out from Merrill Lynch, and has been operating as an independent partner-owned LLP since 2003. Hg has developed deep specialisation across eight B2B software verticals with 100+ AI experts embedded in portfolio companies.

Investment thesis

Hg deploys capital through three flagship series (Saturn large-cap, Genesis mid-cap, Mercury lower mid-cap) plus the listed HgT investment trust, supporting buyout and growth investments in mission-critical B2B software across ERP and payroll, tax and accounting, legal and regulatory compliance, fintech, healthcare IT, automation and engineering, tech services and insurance software verticals. Geographic deployment spans Europe and North America, with the platform offering integrated value-creation through the Hg Catalyst AI incubator and HIVE 2,750-executive network.

Recent activity

Recent realised exits include Intelerad (healthcare IT, 2025), GTreasury (fintech software, 2025) and Argus Media (data and tech services, 2024). Recent acquisitions include AuditBoard (compliance software, 2024), OneStream (fintech software, 2026) and Scopevisio AG (ERP DACH, 2025). The platform continues active deployment across all three flagship series.

Frequently asked questions

What investment strategy does Hg focus on?

Hg focuses on Buyout, Growth strategies in the private equity space.

How many portfolio companies does Hg have?

Hg has 63 active portfolio companies and 13 completed exits and 9 funds tracked on GP Intel.

Where is Hg headquartered?

Hg is headquartered in London, United Kingdom.

What is Hg's assets under management?

Hg manages approximately €69.0B in assets under management.

When was Hg founded?

Hg was founded in 2000.

What sectors does Hg invest in?

Hg invests across Software, Business Services, TMT, Financials.

What are Hg's recent exits?

Recent realized exits by Hg include: Quantios (2026) to Vista Equity Partners; Intelerad (2026) to GE HealthCare; Geomatikk Group (2026) to Axcel; Geomatikk Group (2026) to Axcel; GTreasury (2025) to Ripple; Dext (2024) to IRIS Software Group; IRIS Software Group (2023) to Leonard Green & Partners; Transporeon (2023) to Trimble, 3.0x.