HgCapital Trust | Research

Jo Groves and Ryan Lightfoot-Aminoff from Kepler Trust Intelligence discuss the most notable news, reviews and interviews in the investment trust world in July.

Jim Strang, Chairman of HgCapital Trust, provides an overview of the trust's performance following the release of its 2023 full-year results. The most notable highlight is an average uplift of 25% against the previous holding value in the subdued 2023 M&A market. Hear Jim talk through more of the facts and figures here.

HgCapital Trust invests predominantly in unquoted companies where value can be created through strategic and operational change. The trust targets 8 specific clusters around the software and the tech-enabled business services space. Crucially, the common denominator across the portfolio companies is resilience; HGT seek out businesses which act as non-discretionary enablers and improvers to business operations. Jim Strang, HGT's Chairman, unpacks the most recent NAV, key changes, and his outlook for the sector and the trust.

Following Hg Capital’s results, Jim Strang, the Chairman of the Board, summarises the progress of the trust over the last year. Portfolio company performance has been remarkably resilient with the trust’s top 20 companies generating 25-30% revenue and EBITDA growth over the last year and this is reflected in a 5% NAV uplift.