Announcement Summary: Investment in Street Group by HgCapital Trust PLC
Date: 22 July 2026
Investment Overview:
- HgCapital Trust PLC (HgT) has announced an investment in Street Group, valued at over £200 million.
- HgT will invest approximately £7 million, alongside other institutional clients through the Hg Mercury Fund.
Financials:
- HgT’s available liquid resources for future deployment are estimated at £278 million, representing 12% of a pro-forma NAV of £2.4 billion as of 31 March 2026.
- This investment reduces HgT’s outstanding commitments for Hg transactions to approximately £2.1 billion, equal to 87% of its pro-forma NAV.
About Street Group:
- Founded and led by co-CEOs Tom and Heather Staff, Street provides software and AI solutions tailored for the UK residential property sector.
- Key products include the CRM (Street.co.uk) and the AI-led prospecting platform Spectre, with a growing suite of AI-native tools.
Management Insights:
- Tom and Heather express enthusiasm for the partnership with Hg, emphasizing shared long-term ambitions and a commitment to enhancing customer experience.
- Hg’s team, including Louis Kinsella and Conor Stewart, highlighted the company’s technical edge and growth potential, aiming to bolster Street’s product development.
Prior Backing:
- Street Group was previously supported by PXN Group, a venture capital firm focused on high-growth Northern businesses.
Advisors:
- Street Group was advised by Alvarez and Marsal, although transaction terms remain undisclosed.
Contact Information:
- For inquiries, reach out to Laura Dixon or George Crowe at HgCapital Trust, or Lucy Clark and David Harris from Cadarn.
Company Profiles:
- HgCapital Trust PLC: An investment company listed on the London Stock Exchange focused on high-growth unquoted firms.
- Street Group: Established in 2015, it creates innovative software tailored for the UK property market and employs over 200 staff.
About Hg:
- Hg invests in technology and services businesses across Europe and North America, emphasizing AI leadership and operational support for scaling enterprises.
Additional Notes:
- This communication is part of RNS, the London Stock Exchange’s news service. Data usage compliance and privacy policies apply.
End of Summary
