Private Debt/Credit
Three Hills Capital
Three Hills Capital lends to companies rather than buying equity, from London, UK. It states a focus on software & internet and financial services.
Stated investment criteria
What Three Hills Capital says it buys
Read from Three Hills Capital’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.
| Transaction types | Distressed, Growth1 |
| Offices | London, Milan, Luxembourg, New York3 |
| People listed on its team page | 272 |
A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. Three Hills Capital states that it takes majority or outright ownership. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by Three Hills Capital to consider any particular business, and nothing on this page is represented as being for sale.
SEC filings
What Three Hills Capital has raised
From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.
| Vehicles filed | 3 |
| Total capital raised | $116m |
| Largest single vehicle | $68m |
| Filing history | 2018 to 2022 |
| Smallest accepted commitment | $145k |
| Filed from | LUXEMBOURG |
Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.
Regulatory record
How Three Hills Capital is registered
From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.
| Adviser status | Exempt reporting adviser |
| Regulatory assets under management | Not reported by an ERA |
| Private funds advised | 4 · $2.7bn gross |
| SEC adviser number | CRD 329082 |
An exempt reporting adviser is not required to report regulatory assets under management, so the blank above means the question was not asked rather than that the answer is unknown. Where a figure exists it is the gross asset value of the private funds the firm advises, which is a different and usually larger measure.
Portfolio
Disclosed holdings
Companies Three Hills Capital lists on its own website. No investment years are published.
| Company | Invested | Years held | Recorded transaction |
|---|---|---|---|
| ACT | — | — | — |
| AQUAFIL | — | — | — |
| Alliance Pharma | — | — | — |
| Borealis | — | — | — |
| Build Energy | — | — | — |
| Byron | — | — | — |
| CareTech | — | — | — |
| Castellet Hospitality | — | — | — |
| Catom | — | — | — |
| Dedalus | — | — | — |
| Destia | — | — | — |
| Digital360 | — | — | — |
| Genius Sports | — | — | — |
| Goal Systems | — | — | — |
| Groupack | — | — | — |
| Harbro | — | — | — |
| Havant | — | — | — |
| Hispatec | — | — | — |
| Hunter | — | — | — |
| Ims | — | — | — |
| Isfa | — | — | — |
| Kernel | — | — | — |
| La Bottega | — | — | — |
| Lcap Group | — | — | — |
| Les Secrets De Loly | — | — | — |
| Magnaghi | — | — | — |
| Operam | — | — | — |
| Parkingo | — | — | — |
| Pelostop | — | — | — |
| Recycling Lives | — | — | — |
| Sa Hospitality Group | — | — | — |
| Sabatino Tartufi | — | — | — |
| Sec Newgate | — | — | — |
| Sigma | — | — | — |
| Sinewave | — | — | — |
| Smartbox | — | — | — |
| Socomore | — | — | — |
| The Wilde | — | — | — |
| Tomorrow | — | — | — |
| Twentyfour Seven | — | — | — |
| Wagamama | — | — | — |
| Wpi | — | — | — |
Compiled from Three Hills Capital’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.
Valuation context
Transaction values in Software & Internet
What companies have actually sold for in software & internet, across 2,672 recorded transactions.
The full software & internet picture - most active acquirers, recent transactions and every investor in the sector.
For owners
Own a software & internet business?
The investors on this page acquire companies like yours. A confidential valuation costs nothing, commits you to nothing, and nobody is told you asked.
Request a confidential valuationFor investors
Is this Three Hills Capital?
Claim this profile to correct anything wrong and tell us what you are looking for. We will send matching opportunities as they arise.
Claim or correct this profileTargeted buyer search
Which hundred of these would actually buy your business?
A researched shortlist with a verified deal-team contact for each, and the reason it is on the list. Fixed fee, from $1,450 - or we make the approach for you and hand you the conversations.
Comparable investors
Similar mandates
Other private debt/credit investors active in software & internet.