– The appointment further reinforces Hg’s position as the leading transatlantic software & services investment firm and one of the most active software investors globally.
– Alan will join the senior leadership team and share firm management responsibilities as part of an important evolution of the business, consistent with the size of the firm and funds recently raised.
– Today Hg has a combined portfolio EV of over $100 billion, of which almost two thirds is from businesses with transatlantic activity, supported by our US offices in New York and San Francisco.
NEW YORK & SAN FRANCISCO–(BUSINESS WIRE)–Hg, a leading software and services investor, today announces that Alan Cline will join the leadership team at Hg as Head of North America, to lead our activity across the USA and Canada.
Alan is a highly respected software investor with 20 years’ experience of backing great companies as one of the early employees of Vista Equity Partners. Alan has a long and impressive track record across leadership, tech investing and operations, having built the Foundation Fund within Vista, following hands on experience as a technology entrepreneur.
Hg is the leading private equity investor in transatlantic software companies with a combined portfolio EV of over $100 billion, of which almost two thirds comprise businesses that serve enterprise or SME customers in both North America and Europe. Identifying and supporting the growth of such companies requires deep end-market knowledge, operational expertise as well as the local presence to support entrepreneurial leaders.
Alongside its extensive European reach, Hg operates from offices in New York and San Francisco with investment teams from each of its three funds working alongside considerable portfolio support capability and deep executive networks.
Alan will join the senior leadership team of Hg and share firm management responsibilities as part of an important evolution of the business. Having raised well over $20 billion of fresh fund capital in the last twelve months, Hg already has nearly 400 employees and $55bn in funds under management, with this appointment further developing Hg’s position as the leading transatlantic software & services investment firm and one of the most active technology investors globally1.
Matthew Brockman, Managing Partner at Hg, said: “We are delighted that Alan is joining our firm. We have known Alan and admired his work for many years and know him to be a great cultural fit, who is closely aligned to our strategy and purpose. This is a transformational appointment at the right time for Hg as we look to stretch our leadership position as one of the leaders in software private equity. We are pleased with our transatlantic record in the last few years and Alan will be instrumental in leading the build out of more capability and reach in the next decade.”
Alan Cline said: “Hg is a world-class firm in software investment and the firm’s trajectory and performance over recent years has been truly outstanding. The opportunity to work with the leadership team and wider Partner group at Hg is exciting and presents an unparalleled opportunity to use my experience to further grow Hg’s capabilities. From great foundations, I look forward to building these capabilities in USA and Canada and to further defining Hg as an industry leading firm.”
Hg invests in software and services champions, focused on backing businesses that change how we all do business. Deep technology expertise, complemented by vertical application specialisation and dedicated operational support, provides a compelling proposition to entrepreneurial leaders looking to scale their businesses.
Hg has funds under management of over $55 billion, with an investment team of over 180 professionals, including a portfolio team of around 60 functional experts, providing active support to help our businesses to realise their growth ambitions. Based in London, Munich, New York, Paris and San Francisco, Hg has a portfolio of over 46 software and technology businesses, worth over $100 billion aggregate enterprise value, with over 90,000 employees globally, growing revenue at more than 20% per year.
1AGC Partner’s 2022 Tech Private Equity Annual Report – Top Tech PE Acquirers by Total Deal Count (2018-2022)
For further information:
Tom Eckersley, Hg
+44 (0)20 8396 0930
+1 917 200 1539
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