Hg Fusion Private Capital Fund

Hg Fusion Private Capital Fund is an open-ended private equity vehicle managed by Hg, pursuing a buyout strategy since 2023. It is domiciled in Luxembourg as a SICAV authorised under the UCI Part II regime and is classified as Non-ELTIF, with N/A recorded for ELTIF versioning; distribution is pan-European and the vehicle is open to both professional and retail-qualified investors, with EUR as the base currency and a minimum subscription of 25,000 EUR. It is reported as Article 8 under SFDR. Fund assets stand at , moving on a basis as of 31 Aug 2026.

Liquidity is semi-permanent rather than drawdown-based: subscriptions are accepted on a quarterly basis and redemptions are processed quarterly, subject to a notice period of 20 and an initial soft lock-up on newly subscribed shares. Redemptions remain conditional on available liquidity and manager discretion, so the quarterly dealing cycle should be read as a structured liquidity window within an evergreen private equity portfolio rather than as redemption on demand. The manager states a target return of , and performance-based compensation is charged at .

For context, the fund is one of 163 private equity vehicles and one of 347 Luxembourg-domiciled vehicles tracked in a universe of 494 funds, and one of 117 that combine both characteristics. Within that cohort, its UCI Part II authorisation places it alongside other non-ELTIF structures that reach European retail-qualified channels through national private placement and local distribution permissions rather than through the ELTIF passport, which is the main structural distinction to weigh when comparing it with peers on this page.