Hg closes three funds at $11 billion in aggregate: Hg Genesis 9, Hg Mercury 3 and Hg Saturn 2

Rede Partners has announced that it has advised leading global software investor Hg on its latest fundraisings totalling $11 billion USD across three vehicles.

The multiple fundraisings include Hg Genesis 9, closing on €4.4 billion; Hg Mercury 3 closing on €1.3 billion and Hg Saturn 2 which closed on $4.85 billion USD – all three funds hitting their hard-caps.

Hg is a private equity firm targeting investments in the software and services sectors across Europe and the US. It has delivered outstanding performance for its investors, leveraging its well invested, specialised organisation and its clear competitive advantages in its target sectors. As a result it has achieved strong growth, increasing fund sizes by an aggregate of 88%, while its innovative suite of funds targeting small, medium and large-sized businesses ensures full market coverage. 

Despite the challenges of fundraising during the Coronavirus pandemic, the triple fundraise was rapid and efficient, with the fund fully allocated only three months after launch. The Fund received robust support from the firm’s existing investor base and attracted significant commitments from notable new global investors. At final close approximately 38% of commitments were from Europe, 46% from North America, and 16% from the rest of the World.

Rede Partners is proud of its ongoing, relationship with Hg, having now partnered with the Hg team across six highly successful fundraisings and several strategic projects.