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HGGC to begin fundraising for second vehicle ‘within weeks’

29 Aug 2013

dollars 15_sqMid-market buyout house HGGC is reportedly planning to launch its much-anticipated latest buyout fund within weeks.

Talk has been rife of the firm returning to the fundraising trail this year, a situation which was recently cemented by it returning all of the capital from its $1.1bn debut.

HGGC firm still holds eight out of 13 platform investments in its 2009-vintage first fund.

The firm plans to kick off the process for Fund II imminently according to Dow Jones, which cited an investor familiar with the matter.

Dow’s report follows the firm naming Richard Lawson as CEO, who took over from Gary Crittenden.

Crittenden moved to chairman after 16 months in the CEO chair.

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