Private equity tech investor Hg marks down holdings after software sell-off
Listed vehicle Hg Capital Trust cut valuations of 14 of its 20 largest portfolio companies
Listed vehicle Hg Capital Trust cut valuations of 14 of its 20 largest portfolio companies

Data from investment bank Houlihan Lokey shows 92% opting to cash out

Some investors reduce positions or buy protection for their portfolios amid concerns over valuations

Fundraising by evergreen vehicles has slowed amid worries about exposure to software and AI

Shareholder’s claims of impairments put billionaire investor Oliver Samwer’s stewardship back in the spotlight

Influx of money from wealthy individuals has made private equity group less reliant on traditional backers

Investors question if some institutions rubber-stamp deals that could benefit other businesses