Bond.az reports: HgCapital Trust plc (LSE:HGT) announced today it will invest approximately £11 million in Rightsline, a provider of rights and royalties management software.
The investment is part of a $500 million strategic growth round led by Hg through the Hg Mercury Fund. Transaction terms were not disclosed.
Rightsline provides software for managing IP rights and royalties across media, entertainment, publishing, consumer products, life sciences, technology, gaming, music, and franchising. The company serves over 300 organizations in 28 countries, processes over $40 billion in royalties annually, and manages over 150 million IP assets.
Klass Capital, Rightsline’s majority owner since 2020, Salem Partners, and the management team will invest alongside Hg.
The Los Angeles-based company reported record growth in 2025 across bookings, revenue, and retention. Rightsline has launched AI-powered products including a contract ingestion assistant and a natural-language rights assistant.
CEO Patrick Arkeveld said the investment will accelerate the product roadmap and international expansion. Farouk Hussein, Partner at Hg, will join the Rightsline board alongside Annie Wei from Hg, Daniel Klass, and Patrick Arkeveld.
Following the investment, HgCapital Trust’s liquid resources for future deployment are estimated at £286 million, representing 12% of its pro-forma March 31, 2026 net asset value of £2.4 billion. The investment reduces outstanding commitments to approximately £2.1 billion, or 87% of pro-forma NAV.
