HCI Equity Partners, a Washington, D.C.-based private equity firm that targets growth oriented industrial product and service companies in the lower middle market, closed its latest fund, at $400m.
HCI Equity Partners Fund V will execute HCI’s long-standing strategy of making control investments in lower middle market North American industrial product and service companies, in sectors including aerospace and defense, transportation products and services, distribution, infrastructure products and services and niche manufacturing and industrial services companies.
Founded in 2003, and led by Managing Partners Dan Dickinson, Doug McCormick, and Scott Rued, the firm employs a focused investment strategy of partnering with companies with strong market positions, solid growth prospects, and ambitious owners and managers that can benefit from HCI’s operational focus, leadership, and hands-on approach.
The fund will be activated in January 2018.
HCI also has additional offices in Minneapolis, MN, and Chicago, IL.
UBS served as the placement agent and Kirkland & Ellis served as legal counsel to HCI Equity Partners.