HGGC is a reputable privately held venture capital and private equity firm with headquarters based in Palo Alto, California. The firm was founded in 2007 by Steve Young, Bob Gay, Richard Lawson, and Gregory Benson. Since its inception, the firm has completed add-on acquisitions, platform investments, liquidity events, and recapitalizations with an aggregate transaction value of over $19 billion. Currently, the company has over $4.3 billion in cumulative capital commitments. The company has over 166 portfolio investments and employs more than 62 000 employees on a global scale. HGGC boasts one of the largest investors across their funds investing $300 million and a $1.6 billion seller roll over reinvestment.
Focusing on middle market company makes HGGC stand out among the private equity firms. The firm invests in high potential middle market companies which they believe they have a competitive position in the market. HGGC adds value to the prospective middle market firms to enable the firms to outperform the competition-intensive market. Besides, the firm utilizes a great partnership model with a relationship investing that drives equity and mutual benefit among all participants. The firm uses an advantaged investing models seeking to leverage on their skillset to develop strong multi-sector networks to build relationships and multi-sector networks that leads to alignment of interests and enhanced networks.
HGGC primarily focuses on investments in North America but also considers prospective companies beyond. The firm seeks to invest in business services, manufacturing, software, technology, chemicals, industrial facilities, financial services, and consumer products. The firm spends typically $25 – $125 million in companies with annual revenue of $100-$1000 million. The firm seeks to take either majority or minority positions in all partner companies but with control rights. The company’s management team has continually proved to possess excellent skills in selecting potentially growing mid-market companies. The team has decades of collective operational and deal experience with a unique talent that has helped the firm transform middle market businesses into business giants. Some of the best-performing companies in their portfolio include; RPX, AutoAlert, Mi9, Helpsystems, Denodo, Serena, IDERA, Aventri, Sunquest, Power Holdings, Hollander, and Neutraceutical to highlight just a few.