NEW YORK AND SAN FRANCISCO-(BUSINESS WIRE)–Hg, a leading software and services investor, today announces that Alan Klein will join Hg’s leadership team as Head of North America to lead our operations in the US and Canada.
Alan is a highly respected software investor with 20 years of experience backing large companies as one of the first employees of Vista Equity Partners. Alan has a long and impressive background in leadership, technology investing and operations, having built the Endowment Fund at Vista following hands-on experience as a technology entrepreneur.
Hg is the leading private equity investor in transatlantic software companies with a combined EV portfolio of over $100 billion, of which nearly two-thirds consist of businesses that serve enterprise or small and medium-sized customers in both North America and Europe. Identifying and supporting the growth of such companies requires in-depth knowledge of the end market, operational expertise, as well as a local presence to support entrepreneurial leaders.
Alongside its broad European reach, Hg operates from offices in New York and San Francisco with investment teams from each of its three funds working together with significant portfolio support capabilities and deep executive networks.
Alan will join Hg’s senior management team and share management responsibilities for the firm as part of an important evolution of the business. Having raised over $20 billion in fresh fund capital over the past twelve months, Hg now has nearly 400 employees and $55 billion in funds under management, and this appointment further develops Hg’s position as a leading transatlantic software and services investment firm and one of the most active technology investors globally1.
Matthew Brockman, managing partner at Hg, said: “We are delighted to have Alan join our firm. We have known Alan and admired his work for many years and know he is a great cultural person who is closely aligned with our strategy and purpose. This is a transformative appointment at the right time for Hg as we look to expand our leadership position as one of the leaders in software private equity. We are pleased with our transatlantic track record over the past few years and Alan will be instrumental in leading the way in building more capabilities and reach over the next decade.”
Alan Klein said: “Hg is a world-class software investment firm and the firm’s trajectory and performance over the past few years have been truly outstanding. The opportunity to work with the leadership team and wider partner group at Hg is exciting and represents an unparalleled opportunity to use my experience to further develop Hg’s capabilities. From a great foundation, I look forward to building these capabilities in the US and Canada and defining Hg as an industry leader.”
Hg invests in software and services champions focused on supporting businesses that change 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 business.
Hg manages over $55 billion in assets, with an investment team of over 180 professionals, including a portfolio team of approximately 60 functional experts, who provide active support to help our businesses realize their growth ambitions. Based in London, Munich, New York, Paris and San Francisco, Hg has a portfolio of over 46 software and technology businesses with over $100 billion in total enterprise value, with over 90,000 employees worldwide, growing revenue at more than 20% annually.