HGGC, a Palo Alto, CA-based technology-focused private equity firm, received a strategic minority investment from Dyal Capital.
The amount of the deal was not disclosed.
Dyal Capital Partners is a division of Neuberger Berman.
Founded in 2007 by Rich Lawson, Chairman, CEO, and Steve Young, President, HGGC is a middle-market private equity firm focused on technology investments with $4.3 billion in cumulative capital commitments. The firm has completed more than 120 transactions representing nearly $20 billion and oversees portfolio companies that employ more than 62,000 people globally.
HGGC’s current portfolio includes technology and technology-enabled businesses such as AutoAlert, Aventri, Davies Group, Dealer-FX, Denodo, Dynata, HelpSystems, IDERA, Innovative Interfaces, Integrity, iQor, Mi9, RPX and Selligent Marketing Cloud.