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.
HgCapital Trust plc has announced a further investment in Personal & Informatik AG after acquiring a stake from Permira. HgT …
Hg, the Manager of HgCapital Trust plc (“HgT”), today announces a further investment in IFS, a leading provider of cloud …
HgCapital Trust plc has announced an investment in Scopevisio AG, a pioneering company in cloud-based business automation. The transaction terms …
Hg Capital Trust (HgT) is listed on the London Stock Exchange and is a constituent of the FTSE 250. Its …
HgCapital Trust plc has this morning released an upbeat trading update for the 12 months ending 31st December 2024. Bucking …
Hg has announced the partial exit of Trackunit, a SaaS and operational data platform provider for the global construction industry, …
| Income Statement | 31 Dec 2024 £~000 | 31 Dec 2023 £~000 |
|---|---|---|
| Net return before finance costs & tax (£~000) | 245,261 | 238,705 |
| Net return before tax | 236,095 | 230,517 |
| Basic and diluted return/ share | 51.58 | 50.36p |
| Balance Sheet | 31 Dec 2024 £~000 | 31 Dec 2023 £~000 |
|---|---|---|
| Total fixed asset investments | 2,375,294 | 1,783,857 |
| Cash at bank | 18,490 | 51,603 |
| Total current assets | 222,577 | 510,756 |
| Net Assets | 2,497,071 | 2,290,729 |
Schroder & Co- 8.50%
M&G IM – 4.92%
Schroder & Co bank AG – 4.86%
Rathbones – 4.85%
Baillie Gifford – 4.23%
Quilter Cheviot- 2.71%
UBS – 2.04%
BlackRock – 1.99%
Hargreaves Lansdown – 1.99%
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 (August 2023): “Private equity trusts hold up well despite heavy discounts”
“rivate equity trust valuations have broadly held up so far this year despite higher interest rates leading to pessimism and huge discounts across the sector.”
