HgCapital Trust plc (LSE:HGT) gives investors exposure through a liquid vehicle to a portfolio of high-growth private companies in the software and services sector. The selection of new investments and creation of value in these businesses are managed by Hg, an experienced and well-resourced private equity firm with a long-term track record of delivering superior risk-adjusted returns for its investors.
HGT has assembled a portfolio of more than 35 companies, sharing similar characteristics, yet differing in size and maturity. This creates a natural environment for knowledge-sharing, creating a network effect to drive best practices and value-creation initiatives – ‘ the power of the portfolio’. This approach enables the underlying businesses to benefit from being part of one larger organisation, while retaining their own identity with each management team, incentivised by their own success.
FTSE 250 private equity fund HgCapital Trust (HgT) today released its half-year results for 2024, highlighting strong performance across its …
Hg, the Manager of HgCapital Trust plc (“HgT”), today announces an investment in Ncontracts. Ncontracts, a leading provider of integrated …
Hg, the Manager of HgCapital Trust plc (“HgT”), today announces an investment in CTAIMA and e-coordina, who join forces to …
HgT provides investors with a listed vehicle to invest in unquoted businesses managed by Hg, Europe’s largest investor in software …
Hg, the Manager of HgCapital Trust plc (“HgT”), today announces that it has agreed the partial sale of its investment …
Hg, the Manager of HgCapital Trust plc (“HgT”), today announces that it has agreed the sale of its remaining investment …
| P&L | 31 Dec 2023 £~ | 31 Dec 2022 £~ |
|---|---|---|
| Net Asset Value (£~000) | c.2,300,000 | c.2,100,000 |
| NAV/share | 500.5p | 456.6p |
| Full Year Dividend/ Share | 6.5p | 7p |
| Balance Sheet | 31 Dec 2023 £~000 | 31 Dec 2022 £~000 |
|---|---|---|
| Total fixed asset investments | 1,783,857 | 1,752,509 |
| Cash at bank | 51,603 | 52,315 |
| Total current assets | 510,756 | 479,240 |
| Net Assets | 2,290,729 | 2,089,965 |
Schroder & Co- 8.50%
Schroder & Co bank AG – 5.83%
M&G IM – 4.92%
Rathbones – 4.85%
Baillie Gifford – 4.23%
Quilter Cheviot- 2.88%
Sjunde AP-fonden – 2.61%
Hargreaves Lansdown – 1.89%
Shares Magazine (Feb 2024)
“HgCapital Trust posts another year of superior growth and income”
Daily Telegraph (Dec 2023) Questor
“Buy these investment trusts to take advantage of today’s wide discounts….Private Equity: Hg Capital. Some huge discounts are to be found in this sector. Hg Capital’s 17.5% discount is more modest but the trust has excellent managers and a strong record, not least in achieving sales of holdings at more than the value stated on its books.”
Investors Chronicle (June 2022): “Private equity steps up plc bargain hunt”
“Buyout funds lead the latest bidding round for UK companies, with international competitors making most of the moves.”
