Hg to up stake in listed fund after software-driven selloff

▤ Summary

Hg plans to increase its stake in HgCapital Trust after a selloff in technology and software-related stocks. The trust gives public investors exposure to a portfolio of privately held European software companies, including IFS and Visma. Hg says the trust trades at a valuation that materially undervalues its assets and long-term growth prospects. The move signals confidence in the portfolio despite pressure on software valuations and broader concerns about AI disruption in enterprise software.

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