HgCapital Trust

LN: HGT

Market Cap£1,571m

Last Close 343p

HgCapital Trust’s investment objective is to achieve long-term capital appreciation by indirectly investing in unquoted companies. It does this through its investments in fund partnerships, mostly in the UK and Europe.

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Investment summary

HgCapital Trust (HGT) consistently executes its successful active ownership strategy, undeterred by the turbulent macroeconomic conditions. It has invested a net amount of c £332m ytd (16% of opening NAV) in announced deals (closed and to be closed), all in the manager’s (Hg’s) core areas of software and services expertise. Moreover, HGT should receive net proceeds of c £180m from exits and refinancings announced so far this year (with more exits in the near-term pipeline). HGT posted a 1.8% NAV per share total return (TR) in H122 and a one-year NAV TR of 20.6% (22.2% per year over the last five years). HGT’s discount to end-June 2022 NAV is now c 17%, while it has traded much closer to NAV in recent years.

Content on HgCapital Trust
HgCapital Trust – Business as usual for boring but critical tech
Investment companies | research Update | 12 September 2022
futuristic earth map technology abstract background
HgCapital Trust – The King of ‘Dulltech’
Investment companies | Edison TV | 7 June 2022
HgCapital Trust – The King of ‘Dulltech’
Investment companies | research Review | 16 May 2022
futuristic earth map technology abstract background
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Sector
Investment companies
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Share price graph
Price performance
%
1m
3m
12m
Actual (8.4) 0.2 (13.1)
Relative* (2.3) 5.8 (8.2)
52-week high/low 454.0p/312.0p
*% relative to local index
Key management
Laura Dixon Senior Investor Relations Manager

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