# HGGC: portfolio, investments and team

> HGGC is a private equity based in United States. 5 investments on record, latest Jun 2017. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/hggc (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# HGGC

Filed with the SEC to raise a fund in Feb 2025, closing $1,588M. Last cheque observed Jun 2017.

Quiet New fund $1.6B, Feb 2025 Private equity

Seed Series A Technology Business Services Financial Services

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 5 on record

Since the last cheque **3433** days **00** hrs **00** min **00** sec

Median round **$1.1B** Rounds led **0 of 5** Sole investor **3 rounds** Mostly in **United States, 100%**

Pitch HGGC

## HGGC highlights

- 01 5 rounds on record
- 02 Mostly Growth and Series G: 67% of its rounds
- 03 Sole investor in 3 rounds, median $587M

## What they do

> HGGC is a values-driven, partnership-focused private equity firm. From their own website

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A
- **Sectors:** Technology Business Services Financial Services
- **Based in:** East Palo Alto, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **5 appearances**

- **2017** 1 round
- **Jun** **[Idera](https://millionrounds.com/company/idera)** US · FinSMEs **$1.1B** Sole investor
- **2014** 1 round
- **Apr** **[AutoAlert](https://millionrounds.com/company/autoalert)** US **Undisclosed** Sole investor
- **2013** 2 rounds
- **Sept** **[Deem](https://millionrounds.com/company/deem)** Series G · US **$70M** With 3 others
- **Jun** **[MyWebGrocer](https://millionrounds.com/company/mywebgrocer)** Growth · US · dealbook.nytimes.com **$48M** Sole investor
- **2009** 1 round
- **Aug** **[MyWebGrocer](https://millionrounds.com/company/mywebgrocer)** Venture · US · techcrunch.com **$13M** With 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **24 named**

CB **Cecilia Bik Kuen Kwan** Chief Financial Officer i Form ADV

CW **Colin Walker Phinisey** Partner and Head of Debt Capital Markets i Form ADV

DH **David Heun Soo Chung** Member, Managing Member, Partner, and Co-Chief Investment Officer i Form ADV

GL **Gary L. Crittenden** Executive Officer, Promoter i Filing they signed

GM **Gregory M. Benson** Executive Officer, Promoter i Filing they signed

HN **Harv N. Barenz** Executive Officer, Promoter i Filing they signed

HN **Henry Nathan Barenz** Partner and Head of Business Development i Form ADV

HD **Hudson D. Smith, Jr.** Executive Officer, Promoter i Filing they signed

JS **J. Steven Young** Executive Officer, Promoter i Filing they signed

JH **Jacob H. Hodgman** Executive Officer, Promoter i Filing they signed

JL **James L. Learner** Executive Officer, Promoter i Filing they signed

JA **John A. Block** Executive Officer, Promoter i Filing they signed

JS **Jon Steven Young** Member, Managing Member, Chairman, Partner, and Co-Founder i Form ADV

KA **Kurt A. Krieger** Executive Officer, Promoter i Filing they signed

LM **Lance M. Taylor** Executive Officer, Promoter i Filing they signed

LM **Leslie M. Brown, Jr.** Executive Officer, Promoter i Filing they signed

NH **Neil Harley White** Member, Managing Member, Partner, and President i Form ADV

RW **Rachel Wilson Stock** Chief Compliance Officer and General Counsel i Form ADV

RF **Richard F. Lawson, Jr.** Executive Officer, Promoter i Filing they signed

RF **Richard Franklin Lawson** Member, Managing Member, Partner, Chief Executive Officer, and Co-Founder i Form ADV

SA **Steven A. Leistner** Member, Managing Member, Partner, and Co-Chief Investment Officer i Form ADV

SJ **Steven J. Marino** Executive Officer, Promoter i Filing they signed

WH **William H. Conrad, Jr.** Executive Officer, Promoter i Filing they signed

WH **William Hare Conrad** Member, Managing Member, and Partner i Form ADV

We also hold **96** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$11B** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** Hggc, LLC
- **SEC number:** CRD 145684

Funds on its Form ADV

**20** private funds, **$8.1B** in gross assets · filed Jun 2024

- HGGC Fund IV-A, L.P. *Private equity* 100 investors $2.5B
- HGGC Fund III-A, L.P. *Private equity* 62 investors $1.9B
- HGGC Fund III, L.P. *Private equity* 35 investors $1.3B
- HGGC Fund II, L.P. *Private equity* 44 investors $765M
- HGGC Fund IV, L.P. *Private equity* 82 investors $753M
- HGGC Fund II-A, L.P. *Private equity* 27 investors $472M
- Krystal Investment Partners I, L.P. *Private equity* 2 investors $100M
- HGGC Fund II-C, L.P. *Private equity* 3 investors $91M
- HGGC Fund II-B, L.P. *Private equity* 3 investors $81M
- HGGC Affiliate Investors IV, L.P. *Private equity* 45 investors $44M

And 10 more on the filing.

Who backs their funds

## 1 LP on record in HGGC's funds

- **Committed:** $200M
- **Funds:** 2
- **Vintages:** 2008 to 2017

The institutions that put money into its funds, which the firm then invests in companies. Source: the pension's own report, latest Jun 2025.

- [**California State Teachers Retirement System** 2 funds *$200M*](https://millionrounds.com/fund/california-state-teachers-retirement-system) Fund Vintage Committed HGGC III 2017 $100M Huntsman Gay Capital Partners Fund 2008 $100M

## What they claim to have backed

From their own portfolio page (on their website)

**0** of 1 we have independently watched raise

a FINE

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Companies it bought

Acquisitions by the firm itself

**[StrongView](https://millionrounds.com/company/strongview)** **Undisclosed** Sept 2015

**Selligent** **Undisclosed** Jul 2015

**MRops** **Undisclosed** Mar 2015

**[Survey Sampling international](https://millionrounds.com/company/survey-sampling-international)** **$500M** Nov 2014

New fund on file

**$1.6B**

raised in Feb 2025

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A

Median round joined **$1.1B** the round, not its cheque Alone, median **$587M**

Led 0 of 5 rounds **0%**

- **Sole investor:** 3 rounds
- **Last cheque:** Jun 2017

Rounds by stage said on their site

- Growth *1*
- Series G *1*
- Venture *1*
- Seed said *-*
- Series A said *-*

Cheques by year Led Joined

2009 2017

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## Quick answers about HGGC

### What does HGGC invest in?

HGGC invests most often at Growth and Series G (67% of the rounds on record), in sectors such as Technology, Business Services and Financial Services.

### How active is HGGC?

5 investments on record, 0 of them in the last 12 months. The most recent was in Jun 2017.

### What has HGGC invested in recently?

Its most recent investments on record: Idera (Undisclosed round, Jun 2017).

### How big are HGGC's cheques?

The median round it joins is $1.1B.

### Does HGGC lead rounds?

Rarely, if at all: none of its 5 investments on record names it as the lead.

### Where does HGGC invest?

Most of the companies it backs are in the United States (100%).

### Is HGGC investing now?

No investments in the last 12 months; the latest was in Jun 2017.

### What kind of investor is HGGC?

HGGC is a private equity firm based in East Palo Alto, United States.

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