HGGC
HGGC is a leading middle-market private equity firm based in Palo Alto, California, with over $6.9 billion in cumulative capital commitments and a focus on relationship investing and ESG factors.
Company Overview
HGGC is a leading middle-market private equity firm headquartered in Palo Alto, California. The firm has accumulated over $6.9 billion in capital commitments since its inception in 2007. HGGC focuses on relationship investing with business founders and sellers through rollover reinvestment, seeking to add value via operating skills and relationships. The firm emphasizes investments in companies with leading competitive positions in defensible markets and integrates environmental, social, and governance (ESG) factors into its investment strategies.
Sector Focus
HGGC invests in various sectors, including business services, consumer, financial services, and technology. The firm has deployed $8.2 billion in total equity across these fields. HGGC's diverse portfolio includes companies like Fullscript, a technology platform for personalized wellness treatment, Idera, a provider of application development tools, and Marmic, a fire protection services firm. The firm aims to invest in companies that hold leading competitive positions within their respective markets.
Portfolio Investments
Since 2007, HGGC has completed 600 portfolio investments and transactions with a total enterprise value exceeding $71 billion. The portfolio companies include Dentive, which supports nearly 100 locations across 14 states; Fullscript, a leading technology platform for managing professional-grade supplements; and Marmic, a fire protection services company. HGGC's portfolio companies employ more than 70,000 people, showcasing the firm's broad impact in various industries.
Responsible Investment and ESG Policy
HGGC adheres to a responsible investment policy that integrates environmental, social, and governance (ESG) factors into its investment analysis and decision-making processes. The firm's commitment to responsible investing encompasses global charitable support through its affiliated private foundation, which focuses on children's causes, cancer research, and poverty amelioration. Additionally, HGGC has a Diversity, Equity, and Inclusion (DEI) statement and committee aimed at promoting diverse, equitable, and inclusive environments.
Notable Investments
HGGC has made significant investments in its portfolio companies, including a $240 million growth investment in Fullscript. The firm also owns significant stakes in companies like Idera and Marmic. With over $400 million committed as a major investor across its funds and $900 million of co-investment from limited partners, HGGC continues to maintain a robust investment portfolio.