Hg announces final closing of Hg Saturn 1 Fund at £1.5bn

Hg announces final closing of Hg Saturn 1 Fund at £1.5bn

Hg has announced the final close on its Hg Saturn 1 Fund (“Saturn”), a software‑focused, large‑cap European buyout fund, at its hard capitalisation raising a total of £1.5 billion.

The fund is to invest in software companies valued at an enterprise value of approximately £1 billion and above, with equity requirements in excess of £500 million, behind the same technology business models into which Hg already invests through its existing Funds, principally Hg8 and Mercury 2.

Saturn received strong support from existing Hg investors, as well as those making their first commitment to Hg.

We are proud to have advised Hg in launching this innovative platform extension and to have contributed towards the success of this fundraise.