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Performance watch: Hg’s Genesis and Saturn funds

The software and services specialist is seeking more than $14bn across Hg Genesis 10 and Hg Saturn 3, investor documents show.

Hg has joined the multitude of firms returning to the fundraising trail at a heady time for private markets.

The London-headquartered software and services specialist is in market with its third Saturn large-cap fund and 10th Genesis mid-cap vehicle, according to documents prepared for the State of Connecticut Treasurer’s office. Hg is seeking $8.5 billion for Hg Saturn 3 and €5.5 billion for Hg Genesis 10.

The pair are expected to hold first closes in February and April, respectively.

Hg’s previous Genesis and Saturn funds raised €4.4 billion and $4.85 billion, respectively, in 2020, according to a statement at the time from placement firm Rede Partners.

The interactive charts below show how some of the pair’s predecessors have performed so far, based on publicly available data. The bubbles are sized proportionately to the amount of capital raised.