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HCAP partners closes USD 150m SBIC Fund.

BANKING AND CREDIT NEWS-August 6, 2019-HCAP partners closes USD 150m SBIC Fund


HCAP Partners, a California-based private equity firm and recognized impact investor, has announced the final close of HCAP Partners IV, L.P. with total commitments at the Fund's hard cap of USD 150 million, the company said.

The Fund is operating as a US 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 and implementing its Gainful Jobs Approach(TM), designed to improve job quality standards across its portfolio.

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 foundations, family offices, and financial institutions.

With a focus on in the lower middle market, an area of the economy that has been traditionally underserved by institutional capital, HCAP Partners IV, L.P. will continue to be a partner of choice for companies seeking debt and equity for growth, acquisitions, and other strategic initiatives. The firm's successful track record in deal origination, flexible deal structures, and strong relationships with management teams positions the firm well for continued success and growth.

HCAP Partners was founded in 2000 and is a provider of mezzanine debt and private equity for underserved, lower-middle market companies throughout California and the Western United States. For more information, visit

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Publication:M2 Banking & Credit News (BCN)
Date:Aug 6, 2019
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