Led · Equity · May 2026

Founded in 2012 and headquartered in Los Angeles, Rightsline offers a unified rights and royalties platform that spans rights management, royalty calculation, financials, and accounting. The company serves more than 300 large organizations across eight IP-intensive verticals, including media and entertainment, publishing, consumer products, life sciences, technology, gaming, music and franchising. Its platform processes more than $40 billion in royalties annually and manages over 150 million IP assets across 28 countries. Rightsline reported record growth in bookings, revenue and retention in 2025 and another record quarter in Q1 2026. The company has begun shipping AI-powered products, including an AI contract ingestion assistant and a natural-language rights and availabilities assistant, and plans to accelerate that roadmap and expand internationally following the new investment.

Led · Equity · Nov 2025

Diamant Software develops specialist software that helps businesses manage accounting and broader financial processes through a cloud-based platform. Its product suite is positioned around differentiated technical capabilities in bookkeeping, reporting and financial management. The company plans to use artificial-intelligence features to enhance its cloud offering, improve customer service and expand its network of sales partners. A newly announced strategic partnership with Hg is intended to accelerate these product and go-to-market initiatives. Founders Peter Semmerling and Jan Semmerling will remain significant shareholders, ensuring continuity of the firm’s entrepreneurial culture. While no revenue, user or growth metrics were disclosed, Hg described Diamant as a fast-growing German software company with deep domain expertise in finance.

Participated · Equity · Apr 2025

IFS offers IFS Cloud, a composable, AI-driven enterprise platform combining ERP, EAM, SCM and FSM capabilities tailored for asset-intensive industries. The company has positioned itself as an Industrial AI leader, embedding agentic and generative capabilities via IFS.ai to automate workflows and improve operational efficiency. IFS reported over €1 billion in annual recurring revenue and €1.2 billion in total 2024 revenue, with more than 30% year‑on‑year growth, 350 new enterprise customers in the past year, and average large-client deal size up 64%. The business now serves customers across 80 countries with a workforce of about 7,000 people. With fresh capital and strategic partners, IFS plans to deepen its AI capabilities, expand customer value, and pursue further global opportunities in sectors such as aerospace, manufacturing, utilities and telecoms.

Led · Equity · Mar 2024

CUBE delivers cloud-based regulatory technology that automates legal, compliance and risk functions for highly regulated firms, offering AI-driven regulatory data and change-management tools. Since 2011 it has served leading banks, insurers, asset managers and other regulated enterprises. The platform provides classified, AI-driven regulatory data covering every regulated country and territory worldwide. Headquartered in the UK, CUBE operates across Europe, North America, Asia and Australia. The company plans to accelerate growth, further invest in AI quality and governance, and pursue product innovation to create an industry-defining regulatory compliance and risk platform. Hg will support CUBE's next phase of growth through strategic guidance, operational support and potential acquisitions where synergies exist. CUBE’s core product is the ARI RegPlatform, which captures and AI-enriches changing or emerging regulations and maps them to customers’ policies, procedures, and controls to alert firms to relevant requirements instantly. The platform covers 5,000 issuing bodies across 180 jurisdictions and supports 60 languages, serving large financial institutions across Europe, North America, Asia, and Australia. CUBE says its technology reduces compliance costs and allows compliance teams to focus on prevention and governance. Born out of the 2008 financial crisis, the company is founder-led under CEO Ben Richmond and positions itself as a category-defining RegTech leader. CUBE plans to accelerate geographic expansion and extend its technology edge to support further organic and inorganic growth. The company has just completed its first institutional investment round, with terms of the transaction undisclosed.

Participated · Equity · Dec 2023

Visma is a Norwegian cloud software company and Europe’s largest privately-owned software business providing cloud accounting and ERP solutions for small and medium-sized businesses. Its core products are cloud accounting and ERP tools, and the company has expanded through acquisitions such as Legis 365 maker iVISION in November and tax compliance firm Quaderno in September. Visma reported annualised repeatable revenue (ARR) of €2.2 billion at the end of Q3 2023, a 17% increase year‑on‑year, and has achieved 17 consecutive years of revenue and EBITDA growth. The recent transactions broaden the shareholder base and provide substantial capital from both new international investors and continued support from long‑term backers such as Hg. Management and investors described the deal as a vote of confidence that positions Visma to continue its growth trajectory and invest in product innovation. Visma is a Norwegian business-software group that offers accounting, payroll, HR and other business applications to more than one million SME customers across the Nordic, Benelux and Baltic regions. The company has recorded uninterrupted year-over-year growth for the past 20 years. Visma recently completed a secondary share sale that values the business at €16 billion. The new investors will be used to further propel Visma’s expansion across Europe. CEO Merete Hverven attributes the company’s position to its employees’ entrepreneurial mindset and a supportive, knowledgeable investor base. Hg will remain the majority owner following the transaction.