Former Vista Equity’s Alan Cline Appointed Hg Capital Head of North America
UK-based software investor Hg Capital, LLC has hired former Vista Equity Partners’ top executive Alan Cline as Head of North America to lead the private equity firm’s activities in the US and Canada.
Cline has more than two decades’ experience as a software investor, having left Vista in December 2021. Cline is credited with building the Foundation Fund within Vista that also focuses on the enterprise software sector. He worked on Vista’s acquisition of software firms Accruent, Autotask Corp, LogicMonitor and Bullhorn.
Hg has been expanding its footprint in the US, aiming to take advantage of portfolio companies that often have large customers and markets in both Europe and North America, according to Matthew Brockman, managing partner at Hg. Hg has opened new offices in New York and San Francisco in the past four years.
With $55 billion in assets under management, Hg has raised more than $20 billion over the last 12 months and has a portfolio of over 46 software and technology businesses, worth over $100 billion aggregate enterprise value.