# HGGC, LLC

> HGGC, LLC is an SEC-registered investment advisory firm in Palo Alto, CA, registered since 2007, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 145684
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Palo Alto, CA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/145684
- AdvisorCensus page: https://advisorcensus.com/firm/hggc-llc-palo-alto-ca-145684

## Quick answers

**How is HGGC, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), HGGC, LLC reports these compensation arrangements: a percentage of assets under its management; other.

**How much does HGGC, LLC charge?**
Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 2% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is HGGC, LLC located?**
HGGC, LLC's principal office is in Palo Alto, CA, according to its Form ADV.

**Is HGGC, LLC registered with the SEC or a state?**
HGGC, LLC is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 145684.

**How much does HGGC, LLC manage?**
HGGC, LLC reports $10,836,694,172 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (98% discretionary).

**How have HGGC, LLC's assets and staff changed since 2021?**
In the Form ADV data for HGGC, LLC: Regulatory assets under management: $5,543,239,563 in the October 2021 data and $10,836,694,172 in the October 2026 data, up 95%. Total employees: 45 in October 2021 and 57 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does HGGC, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (26).

**Does HGGC, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/145684

**What changed in HGGC, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 45 to 39. Regulatory assets under management went from $6,984,564,252 to $10,836,694,172 (+55%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Other

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Asset-based fee: 2% of assets a year

> Advisory Fees for HGGC's flagship funds (excluding non- fee paying parallel funds, certain co- investment vehicles and the continuation fund) are typically equal to 2% on an annual basis of aggregate investor capital commitments

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $10,836,694,172
- Discretionary: $10,632,016,810
- Non-discretionary: $204,677,362

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 26 | $10,836,694,172 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2007 (18 years)
- Employees: 57 total, 39 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- hggc.com
- LinkedIn @hggc
- X @HGGC_LLC

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $5,543,239,563 | 45 | March 31, 2021 |
| October 2022 | $6,523,828,033 | 40 | March 29, 2022 |
| October 2023 | $7,522,615,911 | 51 | May 26, 2023 |
| October 2024 | $8,096,039,762 | 49 | June 14, 2024 |
| October 2025 | $6,984,564,252 | 45 | March 28, 2025 |
| October 2026 | $10,836,694,172 | 57 | March 31, 2026 |

Regulatory assets under management: $5,543,239,563 in the October 2021 data and $10,836,694,172 in the October 2026 data, up 95%.
Total employees: 45 in October 2021 and 57 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 45 to 39.
- Regulatory assets under management went from $6,984,564,252 to $10,836,694,172 (+55%).
- Updated its list of owners and control persons (Schedule A).

### February 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. HGGC, LLC (CRD 145684): Form ADV filing data as of October 2026.