HgCapital Trust plc will invest approximately £15.7 million in Prophix, with other institutional clients of Hg investing alongside HGT through the Hg Genesis 9 Fund. The investment will reduce HGT's outstanding commitments to invest in Hg transactions to approximately £582 million (46% of the 30 September 2020 pro-forma NAV). Hg invests in Prophix to continue to scale the business and invest further in product and technology. This deal will result in Prophix employees and management participating to acquire the company alongside Hg, who will hold the majority investment. This will allow staff to benefit more directly from the organization's ongoing growth.