12th March 2024 • 2 minute read By Nina Lindholm

DPI targets, mathematics and intellectual honesty are at the core of Hg’s exit approach, according to Batchelor.

Managing exits actively with clear distributed to paid-in capital (DPI) targets allowed Hg to be consistent in a tough exit market, partner and board member Steven Batchelor told PE Hub Europe.

Private equity exits have had a muted couple of years. In 2022, exits declined each quarter, and in 2023, while activity increased, it remained subdued, according to S&P Global Market Intelligence. But during those years, software-focused investor Hg, which is based in London, had 29 cashback events across its buyout funds.

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