On March 26, 2019, HGGC announced that Dyal Capital Partners acquired a passive minority stake in the firm.
The transaction will not impact the current operations of HGGC. Terms of the deal were not disclosed.
HGGC is a Palo Alto-based private equity firm specializing in technology investments. HGGC has $4.3 billion in cumulative capital commitments.
Dyal, founded in 2011, is a division of the investment management firm, Neuberger Berman, that specializes in minority equity interests in alternative asset managers. Dyal has approximately $15.4 billion in assets under management as at February 28, 2019.