Alan Cline Joins Hg as Head of North America
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– The appointment strengthens Hg’s position as a leading transatlantic software and services investment firm and one of the most active software investors worldwide.
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– Alan will join the senior leadership team and share management responsibilities in an important development for the company, commensurate with the size of the company and recently raised funds.
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– Today, Hg has over $100 billion in combined portfolio EV, nearly two-thirds of which comes from companies with transatlantic operations, supported by our US offices in New York and San Francisco.
NEW YORK & SAN FRANCISCO – Hg, a leading software and services investor, today announced that Alan Cline will join Hg’s executive team as Head of North America to lead our US and Canada operations.
Alan is a highly respected software investor with 20 years of experience backing large companies as an early associate of Vista Equity Partners. Alan has a long and impressive track record of leadership, technology investment and operations, having built the Foundation Fund within Vista after gaining hands-on experience as a technology entrepreneur.
Hg is the leading private equity investor in transatlantic software companies with combined portfolio EV in excess of $100 billion, nearly two-thirds of which are companies serving enterprise or SMB customers in North America and Europe. Identifying and supporting the growth of such businesses requires in-depth knowledge of end markets, operational expertise, as well as the local presence to support entrepreneurial leaders.
In addition to its extensive European reach, Hg operates from offices in New York and San Francisco, with investment teams from each of its three funds collaborating with significant portfolio support skills and deep executive networks.
Alan will join Hg’s senior leadership team and assume responsibility for the management of the company as part of an important development for the company. Having raised well over $20 billion in fresh fund capital over the past 12 months, Hg already has nearly 400 employees and manages $55 billion in funds among the world’s most active technology investors1.
Matthew Brockman, Managing Partner at Hg, said: “We are very pleased that Alan is joining our company. We have known Alan and admired his work for many years and know that he is a great cultural fit that is deeply connected to our strategy and purpose. This is a transformative, timely appointment for Hg as we look to expand our leadership position as one of the leading providers of software private equity. We are pleased with our transatlantic track record over the past few years and Alan will be instrumental in driving the build of more capacity and reach over the next decade.”
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AlanCline said: “Hg is a premier software investment company and the company’s development and performance over the past few years has been truly outstanding. The opportunity to work with the leadership team and a broader partner group at Hg is exciting and represents an unprecedented opportunity to use my experience to further develop Hg’s capabilities. Starting from a great foundation, I look forward to building these capabilities in the US and Canada and further defining Hg as an industry leader.”
About Hg
Hg invests in software and services champions focused on empowering companies that are transforming the way we all do business. Deep technology expertise complemented by vertical application specialization and dedicated operational support provides a compelling proposition for entrepreneurial leaders looking to scale their businesses.
Hg has over $55 billion in assets under management and has an investment team of over 180 professionals, including a portfolio team of approximately 60 functional professionals, who actively help our companies achieve their growth ambitions. Headquartered in London, Munich, New York, Paris and San Francisco, Hg has a portfolio of over 46 software and technology companies with an aggregate enterprise value of over $100 billion, with over 90,000 employees worldwide and revenue growth of over 20% per year.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230131006100/en/
contacts
For more information:
Tom Eckersley, ed
+44 (0)20 8396 0930
[email protected]
Brunswick USA
Harry Mayfield
+1 917 200 1539
[email protected]
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