- HgCapital Trust detailed plans to raise up to approximately £80m through the placing of shares at a premium.

The total number of shares available under the placing was 37,324,698 representing approximately 10% of outstanding shares at a price of 217.1, an approximately 1.1% premium to the last published NAV as at 31 May 2019.

The proceeds would help the company continue to make commitments to future Hg fund vintages of a scale, where the company's commitments were in the range of 10% to 15% of the total Hg fund size.

'Whilst the Board expects to see further realisations over the short to medium term, there is also an expectation of continued deployment given the Investment Manager's attractive proprietary pipeline,' the company said.

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