The reported first close puts the vehicle past halfway to its €1.75bn target, according to AltAssets.
Hg has reportedly raised about €1bn at the first close of its inaugural GP-led secondaries fund, clearing the halfway mark of a €1.75bn target, according to AltAssets.
The €1bn first close equals roughly 57% of the target, based on the report's figures. AltAssets describes Hg as a European software buyout heavyweight.
Reported by the Fundraising desk from AltAssets. Published . Corrections
Churchill led the vehicle; no price was disclosed.
PE Hub reported the Netherlands-based technical installation group operates in five European countries; the report did not include a price.
The Oct. 14 notice lists Ares Global Structured Solutions Management LP, Ares Global Structured Solutions LLC, Matthew Jill and Nathan Walton as related persons
AltAssets reported the close; Pantheon deployed about $3.35bn across 17 secondary transactions in 2025.
AltAssets reported the fundraising total on Oct. 14, citing newly amended US regulatory filings.
GP-led deals, LP portfolio sales and evergreen secondaries funds. Weekdays at 7:30 a.m. ET.
Free. Weekday mornings. Unsubscribe from any edition in one click.