Deal Talk: Interviews with Private Equity Leaders · 2025-08-26 · 39 min
Nic Humphries is one of Europe’s most prolific technology investors and the Senior Partner and Executive Chairman of Hg - a specialist in enterprise software with over $75 billion in assets under management and a portfolio of more than 50 companies. Nic became part of Hg in 2001, where he also served as CEO for ten years before assuming the role of Chairman in 2017. In an interview with Steffen Pauls, Moonfare’s CEO and Founder, Nic talks about what makes a capital compounder, the investment strategy behind great portfolio companies like Visma and the thought process that drives the firm's approach to exits - along with many other topics. Here are some of the key takeaways: What makes a great capital compounder? “The very best businesses have a great home market, offer the best quality products and services and attract customers who flock to them. However, that’s not sufficient to make a compounder. These businesses also have the ability to invest excess capital consistently over decades. There’s not a lot of these companies.” Investment case for Visma “Visma started as a leader in small business tax, accounting and payroll software in a small number of countries.
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