HGCAPITAL TRUST PLC (FTSE 250)
VIDEOS
Hg Capital Trust: An Overview
HG Capital Trust: 1 Minute Overview
Annual Report: Year End 31 December 2024
Overview
HgCapital Trust plc (LSE:HGT) gives investors exposure through a liquid vehicle to a portfolio of high-growth private companies in the software and services sector. The selection of new investments and creation of value in these businesses are managed by Hg, an experienced and well-resourced private equity firm with a long-term track record of delivering superior risk-adjusted returns for its investors.
HGT has assembled a portfolio of more than 35 companies, sharing similar characteristics, yet differing in size and maturity. This creates a natural environment for knowledge-sharing, creating a network effect to drive best practices and value-creation initiatives – ‘ the power of the portfolio’. This approach enables the underlying businesses to benefit from being part of one larger organisation, while retaining their own identity with each management team, incentivised by their own success.
Directors
- Dr Jim Strang (NE Chairman): NED at The Business Growth Fund, senior adviser the the private equity group at Bain & Company
- Richard J. Brooman (Independent NED)
- Peter Dunscombe (Independent NED)
- Pilar Junco (NED)
- Ms Helena Coles (NED)
- John Billowits (NED)
Latest News
Financials
| Income Statement | 31 Dec 2024 £~000 | 31 Dec 2023 £~000 |
|---|---|---|
| Net return before finance costs & tax (£~000) | 245,261 | 238,705 |
| Net return before tax | 236,095 | 230,517 |
| Basic and diluted return/ share | 51.58 | 50.36p |
| Balance Sheet | 31 Dec 2024 £~000 | 31 Dec 2023 £~000 |
|---|---|---|
| Total fixed asset investments | 2,375,294 | 1,783,857 |
| Cash at bank | 18,490 | 51,603 |
| Total current assets | 222,577 | 510,756 |
| Net Assets | 2,497,071 | 2,290,729 |
Major Shareholders
Valhalla Ventures – 9.01%
abrdn – 6.06%
UBS – 5.75%
Rathbones – 5.38%
Schroder & Co- 5.36%
CCLA – 5.29%
Hargreaves Lansdown – 4.69%
Oxfordshire County Counil – 4.35%
Media Coverage
Shares Magazine (Feb 2024)
“HgCapital Trust posts another year of superior growth and income”
Daily Telegraph (Dec 2023) Questor
“Buy these investment trusts to take advantage of today’s wide discounts….Private Equity: Hg Capital. Some huge discounts are to be found in this sector. Hg Capital’s 17.5% discount is more modest but the trust has excellent managers and a strong record, not least in achieving sales of holdings at more than the value stated on its books.”
Macro Indicators
Investors Chronicle (August 2023): “Private equity trusts hold up well despite heavy discounts”
“rivate equity trust valuations have broadly held up so far this year despite higher interest rates leading to pessimism and huge discounts across the sector.”