Hg Capital NYC - Thoughts?
Hey guys,
Wanted to see what everyone’s thoughts are on Hg Capital’s NYC office? I know they’re in the process of raising a $14bn+ fund, but am also aware it’s EU focused.
Any insight would be helpful. Thank you!
I see the recruiter reached out to you too. Recruiter told me it is the “Vista/Thoma” of Europe. Not sure if I buy that lol.
Who's the recruiter?
Who’s recruiter for Hg?
They are probably the closest analogue there is a Vista / Thoma of Europe. A lot of their core focus of enterprise software is the same although they seem to have a different process as they struck me as very research oriented and thesis driven. But I think, like Vista and Thoma, they have a small, midmarket, and large fund (although I know Thoma has grown past that) so the core DNA of the firm is LBO enterprise software. I don't know what their returns are but that's that structure is a pretty good recipe for growth because you're getting exposure to different types of software investing (you see different challenges with smaller vs. mid sized vs. large companies), and I also think the broad exposure up and down market within one sector is useful perspective / personal development.
What do you mean thoma has grown past that?
It's pretty accurate. They've done the largest software buyout ever with their ownership of Visma and are the biggest player in enterprise software in Europe by a mile.
We use CPI. I'm not in the NY team but this is what I hear from my recruiting colleague.
Anyone done a model test for them? Know what to expect?
Did you do a Criteria or CCAT assessment for them? Do you know what their cutoff score is?
Are you referring to 2025 interview process?
Extremely strong software fund with very smart people + good returns.
Thoughts are it’s probably one of the all around best tech MFPE seats. Good culture, great pay, incredible learning experience. If you like SaaS there’s not a better spot. You’ll get worked like a dog but you’ll be happy (after two years).
Hg is not a megafund
Didnt they raise 11bn latest fund
What is pay like?
couple friends at Hg / joining Hg. Great place to be and still some chance of upward mobility + rare true software LBO role in nyc
Bump - any updated insight?
Did they kick off 2026 process? Heard from a HH that they did but didnt hear anything personally
Who said they kicked off?
What does their interview process look like?
What did the HH say
Good firm and great returns but shit economics for juniors and sweaty culture. Wouldn't be my first pick as an associate
Could you elaborate on junior economics and culture?
The number of firms of their size that don't have shitty economics for juniors is nearly 0. I think if you are trying to go to MM/UMM, going to firms with strong returns is most important as ideally you want to grow with the firm(which is more than definitely an opportunity at HG). The goal as an associate is to get a senior associate/VP promote, much easier to lateral from there vs. being forced to go down the market if no promotion. From what I have seen for HG associates and the fact they have good returns and are growing, good shot at getting a promotion which is what you should optimize for.
Bump
Anyone hear anything about 2026 process?
Are they kicking off soon?
Havent heard anything yet
Bump
Anyone hear anything from Goldcoast since the event last week?
What was the event? Was it in person?
Private message me if you were there as well
Sent you a pm
Bump - any update on the 2026 process?
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