New co-investments in OneStream and Septeo
Summary by AI BETAClose X
London, 2 March 2026: HgCapital Trust plc ("HgT") today announces new co-investments in OneStream, Inc ("OneStream") and Septeo Group ("Septeo"), totalling approximately £46 million.
On 6 January 2026, HgT announced that it would invest approximately £93m in OneStream, investing alongside other institutional investors via the Hg Saturn 4 fund. Hg has subsequently completed the over-subscribed syndication of $1.5bn of OneStream equity alongside the Hg Saturn 4 fund. As part of the syndication, HgT will invest an additional $9 million (c. £7 million) in OneStream as a co-investor, increasing its aggregate investment in OneStream to approximately £100 million.
In a separate transaction, Hg has also signed the partial sell-down of over €500 million of equity in Septeo at the 31 December 2025 valuation to a group of institutional investors. As part of this transaction, HgT has taken the opportunity to convert c.€45 million (c. £39 million) of its existing NAV exposure in Septeo via the Hg Genesis 9 fund into fee-free co-investment, by co-investing in a structure alongside the new investors coming into the business.
Together these two transactions, both of which were agreed during a period of heightened volatility in public markets, reflect continued demand in the private markets for Hg's portfolio investments. The transactions have also increased HgT's exposure to fee-free co-investments from c. 10% to 12% of the estimated 31 December 2025 NAV.
-Ends-
For further information, please contact:
HgCapital Trust
Laura Dixon
+44 78 2459 2894
George Crowe
+44 7774 617 150
Cadarn
Lucy Clark
lucy@cadarncapital.com
+44 (0)7984 184 461
David Harris
david@cadarncapital.com
+44 (0)7368 883 211
Hg
Tom Eckersley
Sam Ferris
About HgCapital Trust plc
HgCapital Trust plc is an investment company whose shares are listed on the London Stock Exchange (HGT.L). HGT gives investors exposure, through a liquid vehicle, to a portfolio of high-growth unquoted companies, managed by Hg, an experienced and well-resourced private equity firm with a long-term track record of delivering superior risk-adjusted returns for its investors.
For further details, see hgcapitaltrust.com and hgcapital.com
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