HgCapital Trust (LSE:HGT) announced its manager, Hg, is stepping up a strategic investment programme to deepen AI-led value creation.
It intends to move from about 6% to in excess of 15% over the medium term, it said.
Hg says the decision follows a sharp sell‑off in public software earlier this year that pushed the IGV index to a 29% trough on 10 April and drove HgT to a 36% year‑to‑date low on 21 May, with HgT still down 21% to 2 June and Hg acting as manager and a leading investor in European and transatlantic technology and services businesses.
Hg frames the move around its AI capability, which comprises around 100 AI builders in Hg Catalyst and 150+ AI value‑creation experts, 1,600+ AI projects identified, representing about $260m of budgeted EBITDA benefit as at 31 December 2025. It added that it has 100+ AI product builds to date, and about 20% of portfolio companies already generating more than 10% of new bookings from AI.
"We have always believed that having skin in the game is the best way to demonstrate our alignment with clients," Steven Batchelor said.
"My partners and I are excited to have an opportunity to further increase our exposure via on-market purchases of HgT shares at this deep discount, and continue to strengthen our alignment with HgT shareholders and all Hg's clients."
HgT will host a Capital Markets Day for professional investors and analysts from 14:00-17:00 BST today at the Institution of Engineering and Technology in London.
