The fund, which gives investors exposure to private equity firm HgCapital’s portfolio, grew by £349m over the six months ending on
The fund, which invests predominantly in software and services businesses has been given a boost by the digitalisation of business processes during the pandemic.
The top 20 businesses, representing the majority of value in Hg’s investment fund, reported aggregate sales of £5.6 billion and EBITDA of £1.8 billion over the last 12 months.
Strong performance of portfolio businesses in the period has been reflected by heightened M&A activity, according to
Despite the robust results, which saw HgCapital’s portfolio value jump 28 per cent over the first six months of 2021, share price is down 0.74 per cent today.
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