Hg

Hg originated as Mercury Private Equity, the private equity arm of Mercury Asset Management plc. Following Mercury Asset Management's acquisition by Merrill Lynch in 1997, the executives of the private equity division negotiated their independence in December 2000. This led to the establishment of HgCapital as a fully independent partnership owned by its partners and employees.

The firm focuses predominantly on the technology and services sectors, specifically targeting software and financial-automation businesses. Since becoming independent, Hg has scaled significantly, raising numerous funds such as the Mercury series for smaller buyouts, the Genesis series for mid-market deals, and the Saturn series for large-cap investments.

In recent years, Hg has established itself as one of the world's largest private equity firms, ranking 10th in the PEI 300 in 2024. The firm has expanded its footprint with offices in London, Munich, San Francisco, New York, and Singapore, and has increasingly diversified its investor base through initiatives like Hg Wealth. Notable recent activity includes the multi-billion dollar acquisitions of AuditBoard and OneStream.