Private equity fund managers focused on investing in technology companies have long been the early adopters of internal operating technologies. One such firm is HGGC, an American middle-market private equity firm based in Palo Alto, California, with over $4.3 billion of cumulative capital commitment. The COVID-19 pandemic has forced countless firms to think more strategically about their use of internal technology as a means for working more efficiently and productively, especially from home.
In a recent interview with Dow Jones Private Equity Analyst, Rich Lawson of HGGC, a DealCloud client, shared the following insights:
“As a tech-focused investor, we were very early on adopting technology that could enhance our work. Back in 2017, we adopted DealCloud for CRm and pipeline management. Everyone talks about using data to make informed decisions, but you need a platform that makes the data part of your daily routine, and DealCloud does that. It’s really helped our collaboration and decision making throughout the pandemic.”
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HGGC is a leading middle-market private equity firm with $4.3 billion in cumulative capital commitments. Based in Palo Alto, California, HGGC is distinguished by its Advantaged Investing approach that enables the firm to source and acquire scalable businesses at attractive multiples through partnerships with management teams, founders and sponsors who reinvest alongside HGGC, creating a strong alignment of interests. Over its history, HGGC has completed 150 platform investments, add-on acquisitions, recapitalizations and liquidity events with an aggregate transaction value of over $25 billion. More information is available at www.hggc.com.