HgCapital Trust Delivers 5.4% Annual Return, Cites "Highly Resilient" Business Models

HgCapital Trust (HGT), a FTSE-250 listed private equity investment vehicle founded in 1980, delivered an NAV total return of 5.4% year ending December 2022. The majority of its 48 portfolio companies, including its top 20 holdings, delivered double-digit sales growth in the year.  Its parent investor Hg looks for "sector leading market position", "highly resilient and defensive (sic) business models". "loyal customers" and "high rates of recurring revenues", according to its Chairman (since 2020) Jim Strang, who is also an adjunct professor teaching Private Equity at London Business School and member of the Board of Advisors of Stanley Capital since 2023, a mid-market private equity investor focused on transforming businesses.