Origination Intern (FT 6 Months)
About the job:
Who are we?
Hg is the largest dedicated Software and Services investor, and 4thlargest PE firm in Europe. Founded in 1990, today Hg has c. 260 employees across three investment offices, based in London, Munich and New York. Managing funds of c. $40 billion on behalf of c.150 highly regarded institutional investors globally, including private and public pension funds, insurance companies, endowments and foundations; it is the fastest growing PE firm in Europe and with increasing presence in the US.
Hg has completed more Software buyouts than any other European private equity sponsor and the current portfolio of more than 40 companies has an aggregate value of >$60bn, with investments ranging in size from $100 million to >$10 billion.
Hg’s vision is to be the most sought-after software investor, being a partner of choice for management teams and providing an entrepreneurial and rewarding environment for Hg colleagues. Hg is a fully independent partnership, owned by its partners.
The Firm has an ambitious and committed Responsible Investment (RI) agenda with the mission to be a leader on ESG. This includes what we do as firm, how we interact with clients and how we embed ESG metrics into the entire investment process.
What do we do?
Hg has a strong, 20-year track record of investing in Software and Service and a unique competitive position in the European space. There is one investment strategy across a three fund architecture which provides dedicated and continuous coverage of the lower-mid, mid and upper mid-markets / large-caps. The investment teams have a flexible approach in terms of both size and horizon. This means that at any given time, the Hg portfolio will comprise more than 30-40 portfolio companies with similar characteristics, but of different sizes, end market focus, and maturity profiles.
Our deeply resourced teams focus on specific sub-sectors and investment themes to identify companies which have the potential to grow, create employment and become a leader in their respective markets. Hg’s dedicated Portfolio team provides practical support to management teams to accelerate growth potential.
Responsible Investment (RI)
For Hg, responsible investing means growing sustainable businesses which are great employers and good corporate citizens, whilst also generating superior risk adjusted returns for the millions of pensioners and savers who are invested with our clients. Our time and money support the sustainable growth of knowledge businesses enabling them to change how their customers work and provide quality employment opportunities for thousands of people worldwide.
We firmly believe that responsible business practices help generate superior long-term performance. As such, our RI approach supports the backbone of our investment philosophy – to invest in growth companies and sectors, rather than turnaround or distressed investing.
The Team and our culture
We are committed to being a world class employer with flexible working practises and creating a diverse and inclusive workplace where everyone is welcomed, motivated and stretched. We have a strong focus on learning and development, and we are dedicated to providing an environment where everyone has the opportunity toperform to the best of their ability. Hg is proud to have been recognised as the Diversity and Inclusion leader of 2021 by the Private Equity Awards. To find our more, please see https://hgcapital.com/diversity-and-inclusion/
Our culture runs through everything we do at Hg, and is characterised by strong elements of results orientation, collaboration and a focus on learning, continuous improvement and entrepreneurship.
We see ourselves more as a tech conglomerate than a traditional investment firm.
Hg is passionate about building together by living our four core values;
Be Genuine – Be authentic, be honest, speak the truth as you see it and retain humility
Go Beyond – Be ambitious, strive for excellence, perspiration as well as inspiration and take ownership
Outlearn – Leverage collective expertise, be smart and entrepreneurial, keep a growth mindset and continuously challenge
Win Right – A ‘one firm’ inclusive mindset, considering our long-term impact and playing hard but always playing fair
Hg is excited to build out a new dedicated origination function to further enhance our competitiveness in the market for private equity investments. The team goal is to develop relationships within the global tech ecosystem to find and get access to best potential targets first and to position Hg as the most attractive potential investor. The team will work across all funds and portfolio companies while concentrating its resources on opportunities with the highest return for the firm.
The Origination Intern will support the Origination function across a broad range of tasks including maintaining our CRM system, designing and producing pieces of research, PowerPoint presentations and reaching out to relevant investment leads. This will require effective collaboration with colleagues as well as the ability to work independently on these projects. The role will allow the successful candidate to not only learn about the origination function but the private equity investment process more generally.
The internship will start as soon as possible and last for a period of 6 months. This will be a full-time role and so is not suitable for someone studying full-time.
Skills & Abilities:
People person, with natural ability to form connections
Proactive self-starter and driven, with entrepreneurial attitude
Persistent and resilient when facing the unknown
Strong communication skills
Additional languages are desirable
Experience, knowledge and passion of Technology and Private Equity are preferable
Senior Manager & Certification Staff Regime Classification