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HCAP Partners closes $353m SBIC fund

HCAP Partners has held the final close of its second SBIC fund, HCAP Partners V, which was oversubscribed with total capital commitments of $353 million including anticipated leverage from the SBA, exceeding the initial fundraising target by over forty per cent. 

Operating as a US Small Business Administration SBIC (Small Business Investment Company), the Fund will continue the firm’s strategy of investing in underserved businesses in the lower middle market and implementing the Gainful Jobs Approach, its platform designed to measure and improve job quality standards across its portfolio.

More than twice the size of its predecessor fund, HCAP Partners V, secured strong support from a diverse investor base of existing limited partners from previous funds and new limited partners, including highly regarded foundations, financial institutions, and family offices. The firm is currently deploying capital from its new fund with a focus on investments in the healthcare, software, and services industries.

HCAP Partners is focused on the lower middle market, serving companies seeking debt and equity for growth, acquisitions, and other strategic initiatives. 

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