Hg raises £1.5bn

The London headquartered P.E. firm announced the final close of its Saturn 1 Fund.

Hg has held a final close on its software-focused, large-cap buyout fund, Hg Saturn 1 Fund, at £1.5 billion. The fund seeks investment opportunities in software companies valued at an enterprise value of over £1 billion.

The Fund received supports from existing and new investors. Having held a first close earlier in the year, Saturn is now currently 40 percent invested across two software buyouts in Europe: Visma and IRIS.