HgCapital Trust PLC
22 July 2026
Hg, the Manager of HgCapital Trust plc ("HgT"), today announces an investment in Street Group ("Street").
The terms of the transaction are not disclosed.
HgT will invest approximately £7 million in Street, with other institutional clients of Hg investing alongside HgT through the Hg Mercury Fund.
HgT, whose shares are listed on the London Stock Exchange, gives private and institutional investors the opportunity to participate in all Hg's investments.
Note that these figures only relate to HgT's share of Hg's overall investment in Street.
HgT's liquid resources available for future deployment (including all announced transactions, the undrawn bank facility and the full year dividend paid on 12 May 2026) are estimated to be £278 million (12% of the pro-forma 31 March 2026 NAV of £2.4 billion).
The investment will reduce HgT's outstanding commitments to invest in Hg transactions to approximately £2.1 billion (87% of the pro-forma 31 March 2026 NAV).
Street Group secures a strategic growth investment from Hg, at a valuation of more than £200m, to accelerate its AI-led product vision for UK estate and letting agents
Manchester, UK - 22nd July 2026 - Street Group ("Street"), a leading provider of vertical software and AI to the UK residential property sector, today announced a strategic growth investment from Hg, the leading investor in European and transatlantic software and services businesses, valuing the company at more than £200m.
Founded and led by siblings and co-CEOs Tom and Heather Staff and headquartered in Manchester, Street has built an integrated operating system for estate and letting agents. This spans its core CRM (Street.co.uk), its prospecting and lead-generation platform, Spectre, and a growing suite of AI-native products including Cortex, which allows customers to build and orchestrate their own AI agents.
Today, the business serves thousands of estate and letting agency branches across the UK and has established itself as one of the fastest-growing and most innovative players in UK PropTech.
Tom and Heather remain majority controlling shareholders and will continue to lead the business. Hg will make a strategic growth investment, enabling the founding team to accelerate product innovation, deepen Street's AI capabilities and continue to delight its customers; supporting the company's ambition to become the category-defining software and AI platform for UK estate and letting agents.
Heather and Tom Staff, co-CEOs and co-founders of Street Group, said: "We built Street to fundamentally change how estate and letting agents work, and AI is central to that mission. In Hg we have found a partner who shares our long-term ambition, our product focus, and brings genuine depth of experience and operational expertise in scaling software and AI businesses. This partnership allows us to invest even more in our products, our technology and our people, while staying true to the culture and obsessive customer focus that have defined Street from the start."
Louis Kinsella, Partner, Hg, said: "Street is exactly the kind of business we love to back. It's a category leader with a technical edge, loved by its customers, and is deeply embedded in their daily workflows. Heather and Tom are an exceptional founding team who have built something rare, combining genuine product innovation with accelerating growth, as the industry moves towards them and away from legacy solutions. We are excited to support the next phase of their journey."
Conor Stewart, Principal, Hg, said: "Tom and Heather have built a fantastic business. The depth and ambition of its AI capabilities and its culture of innovation were clear to see as we got to know the business, and we were deeply impressed by the strength of Street's technology and product leadership. We see a significant opportunity to build on that foundation, leveraging Hg's capabilities to help Street accelerate its product development to bring even more value to customers."
Street Group was previously backed by Manchester-based PXN Group, a venture capital firm known for backing high-growth Northern businesses.
Street Group was advised by Alvarez and Marsal. Terms of the transaction were not disclosed.
-Ends-
For further information, please contact:
HgCapital Trust Laura Dixon
+44 78 2459 2894
George Crowe
+44 7774 617 150
Cadarn Lucy Clark
lucy@cadarncapital.com
+44 (0)7984 184 461
David Harris
david@cadarncapital.com
+44 (0)7368 883 211
Hg Tom Eckersley
Sam Ferris
About HgCapital Trust plc
HgCapital Trust plc is an investment company whose shares are listed on the London Stock Exchange (HGT.L). HGT gives investors exposure, through a liquid vehicle, to a portfolio of high-growth unquoted companies, managed by Hg, an experienced and well-resourced private equity firm with a long-term track record of delivering superior risk-adjusted returns for its investors.
For further details, see hgcapitaltrust.com and hgcapital.com
About The Street Group
Headquartered in Manchester, Street Group builds software that powers the UK residential property market. Founded in 2015, its products include the Street.co.uk CRM for estate and letting agents, the Spectre prospecting platform, and a growing suite of AI-native tools designed to help agents win more business and work more efficiently. With a growing team of more than 200 employees, the company is a repeat winner of the industry's most respected awards, including Best Overall Supplier at the EA Masters.
About Hg
Hg is an investor in European and transatlantic technology and services businesses. We are an AI leader in private equity, helping to build sector-leading enterprises that supply critical applications or workflow services to deliver intelligent automation for their customers.
We take an active approach to value creation, combining deep end-market knowledge with world class operational resources to support entrepreneurial leaders looking to scale and drive AI transformation.
With a vast European network and strong presence across North America, Hg has over $110 billion in assets under management and more than 400 employees. Our portfolio spans around 60 businesses worth over $190 billion in aggregate enterprise value, employing more than 140,000 people and consistently growing revenues at more than 16% annually.
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