HCAP Partners, a San Diego, California-based private equity firm and impact investor, closed HCAP Partners IV, L.P., at $150M.
HCAP Partners IV, L.P. was oversubscribed and includes a diverse investor base of both existing limited partners from previous funds and new limited partners, including leading foundations, family offices, and financial institutions.
The fund is operating as a U.S. Small Business Administration SBIC (Small Business Investment Company) and will continue the firm’s strategy of investing in underserved businesses in the lower middle market.
Founded in 2000, the firm is a provider of mezzanine debt and private equity for underserved, lower-middle market companies throughout California and the Western United States.
They seek to invest $2m to $15m in established businesses generating between $10m and $100m in revenues in the healthcare, software, services, and manufacturing industries.
HCAP Partners has invested in over 40 companies since it was founded and through ongoing, active engagement with portfolio companies, provides value-added resources to help optimize performance and increase enterprise value.
The investment team is comprised by Partners Tim Bubnack and Frank Mora and Principals Nicolas Lopez and Hope Mago.