Hg Capital - Europe's third-largest Private Equity firm, according to Private Equity International magazine - has raised $11 billion for its Saturn 3 fund ( Vintage Altaroc 2022 fund), making it Europe's leading buyout fund in 2022, and the tenth-largest in the world.
Against an uncertain and volatile macroeconomic backdrop, Private Equity fundraising in the first nine months of 2022 was the second-highest on record, with at least $527.9 billion raised by Private Equity vehicles, according to data from Private Equity International magazine. This amount, down 14% on the same period last year, nevertheless exceeds the previous records set in 2019 and 2017.
Europe accounts for around $112.4 billion of the capital raised since the beginning of the year, behind funds specializing in North America ($478.5 billion), multi-regional funds ($365.7 billion) and funds focusing on Asia-Pacific ($129.5 billion).
Hg Capital is an international investment company founded in 1997. Hg focuses exclusively on European Tech & Services LBOs, and as such is Europe's second-largest software company, with over $40 billion in assets under management. Hg concentrates on 8 niche segments of the software universe (Accounting, Services, Healthcare, Legal, ERP & Payroll, Automation, Insurance and Asset Management). Its target geographies are Europe, with companies of international stature.
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