HgCapital chairman Humphries says PE returns shift to product-led growth as multiple expansion fades

PUBT · 1d ago
HgCapital chairman Humphries says PE returns shift to product-led growth as multiple expansion fades
  • HgCapital Senior Partner and Executive Chairman Nic Humphries discussed product innovation as a key driver of value creation and exits.
  • He said private equity returns are likely to rely more on product-led growth, with less support from multiple expansion.
  • Humphries said leadership with strong product and engineering credentials has moved higher in Hg’s diligence criteria over the past 2-3 years.
  • He said Hg’s portfolio, with about $28 billion revenue and about $8-9 billion EBITDA, kept mid-teens revenue growth through recent volatility.
  • Humphries said recent liquidity was supported by portfolio companies shipping AI products that strategics are willing to pay for.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HgCapital LLP published the original content used to generate this news brief on September 08, 2026, and is solely responsible for the information contained therein.