19 November 2010
HgCapital Trust plc (or “the Trust”) was last night announced as the winner of “Private equity investment trust of the year” at the 2010 Investment Week Awards, held at the Grand Connaught Rooms in London. The Trust is a client of HgCapital, the European sector-focused private equity investor.
This is the sixth successive year that the Trust has received the award, in recognition of HgCapital’s continuing ability to generate consistent returns and the role of the Board in the governance of HGT. As an investment trust, HgCapital Trust provides investors with the benefits of a fully independent board and the transparent reporting and liquidity of a company with a full listing on the London Stock Exchange.
Over 10 years to 30 June 2010, the Trust has delivered an investment return of 3.5x for every £1 invested. It now has an estimated NAV of £325.0, million and liquid resources are estimated to be £80.0 million.