Â
Click here for a larger version.
Â
HgCapital began harvesting investments from its £380 million, TMT sector-focused Mercury Fund, Private Equity International reported this week.
According to PEI Research & Analytics, funds centred on the technology, media and telecommunications sector have built considerable momentum since the financial crisis, with 2016 unlikely to buck the trend.
Around $87 billion is currently being sought by funds in market, including UOB Venture Management’s Sino-Singapore Chongqing Connectivity Private Equity Fund targeting $15 and Vista Equity Partners’ sixth fund ($8 billion).
Â