How HGGC Is Disrupting The World of Private Equity

There are a number of private equity companies that come and go with each bull and bear market. However, one private equity company is looking to make its impression known over the long term. That company, HGGC, is known as one of the premier private equity firms in the tech arena.

HGGC is a Palo Alto based private equity firm that has over $4.25 billion in investment commitments spread over a number of mostly technology focused start-ups. Key figures at the firm include Gregory M. Benson, Richard F. Lawson, Leslie M. BrownJr., Neil H. White, and 3-time Super Bowl winning quarterback Steven Young. Founded in 2007, the firm has invested in over 60 companies.

Some of the more notable investment by HGGCs include AutoAlert, RPX, HelpSystems, IDERA, FPX, Davies Group and My WebGrocer. The company has raised capital through three closed funds. The first fund, known as “Fund 1,” has over $1.1 billion in investment capital. “Fund 2” has over $1.3 billion in investment capital. And finally, “Fund 3” has $1.8 billion in investment capital. Some of the notable investors of these funds include Pennsylvania Public School Employees’ Retirement System (PSERS), The California Public Employees’ Retirement System (CalPERS), CNP Assurances, and the West Yorkshire Pension Fund.

HGGC is known as a “Mid-Market” private equity firm. That means makes investments in $25 million to $125 million dollar price range. In its 11 years in operation, the firm has received a number of awards including 2014 M&A Mid-Market Private Equity Firm of the Year by Mergers & Acquisitions magazine.

One of the secrets that has made HGGC so successful is its strategy of invest in “disruptive” mid-market companies who compete against outdated large market companies. For instance, My WebGrocer is looking to disrupt the outdated supermarket sector. And AutoAlert is looking to disrupt the auto sales business. With this unique, disruptive strategy, HGGC is becoming a force to be reckoned with in the private equity world.

Financial Advisor David Giertz Says Understanding Social Security Is Fundamental

Finance expert, David Giertz, explained recently in an interview with the Wall Street Journal’s wealth columnist, Veronica Dagher, the importance of explaining and speaking with each financial client about Social Security. Social Security is the nation’s monetary fallback plan. It is what some older people rely and live on when they’ve past a certain age. It is also utilized by people who have had unexpected medical illnesses come about in their lives and suddenly need assistance.

The general idea of it is, at some point, everyone will use Social Security in some way. This is where being familiar and well acquainted with the financial advisors in one’s life comes in handy. And it is why David Giertz explains to fellow advisors the importance of being both knowledgeable about Social Security and then passing that knowledge onto the client.

David Giertz is an accomplished financial advisor with decades of experience under his belt. His alma mater is University of Miami, a progressive college in Coral Gables, Florida. After graduating from college, Giertz landed a job at a financial firm called Citigroup where he advanced from Finance Advisor to Area Sales Manager. During his time at Citigroup, Giertz received many awards and built a rapport with both colleagues and client consumers. After working as an Area Sales Manager, Giertz was later promoted to Vice President of Sales, a position which he excelled in.

With Giertz doing so well at Citigroup, it was not long before he began networking with other business men to make new lasting connections which helped his career in finance. It was at this point in Giertz’s career, that he landed a job at Nationwide Insurance company, in which he specialized in management of both the sales and financial division. Through his hard work, and knowledge, he moved up at Nationwide to become the company’s President of the Finance and Sales division. In this position, Giertz took the company’s revenue from $11 Billion to over $17 Billion. He used sharp investment strategies, long term finance plans, and advanced logistics to galvanize Nationwide’s company to far exceed that of it’s competitors.