StockMarketWire.com - HgCapital, the manager of HgCapital Trust plc, has announced a majority investment in Raet, a leading HR solutions provider, specialised in HR cloud software and services. The terms of this transaction were not disclosed. HgCapital Trust plc will invest in Raet alongside other institutional clients of HgCapital, who will participate through the HgCapital 7 Fund. The Trust, whose shares are listed on the London Stock Exchange, gives private and institutional investors the opportunity to participate in all HgCapital's investments. The trust will contribute a total of approximately GBP16.2 million. The acquisition of Raet represents the tenth investment by the HgCapital 7 Fund, and following completion, the Fund will be approximately 68% invested.




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