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IN BRIEF: HgCapital Trust invests £124 million in software firm IFS

ALN

HgCapital Trust PLC - offers access to the private equity investments of manager Hg - On Tuesday, says it will invest a further £124 million into Linkoping, Sweden-based enterprise software firm IFS, alongside other clients of Hg. HgCapital had invested £114.2 million into IFS and WorkWave, another software firm, back in 2022. HgCapital has £329 million in liquid resources available for investment, 13% of net asset value at the end of February of £2.5 billion. HgCapital Trust will release its first-quarter results in May.

Current stock price: 501.00 pence, up 0.9% in London on Wednesday

12-month change: up 4.7%

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