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Hispania Capital Partners raises USD105m for second fund

Hispania Capital Partners, which launched its second fund Hispania Private Equity II on 15 October last year, has held a first closing representing aggregate committed capital of more t

Hispania Capital Partners, which launched its second fund Hispania Private Equity II on 15 October last year, has held a first closing representing aggregate committed capital of more than USD105m, out of an overall target for the fund of USD150m to USD200m.

Fund II will make growth equity and buyout investments in strategically positioned lower to middle market companies predominantly engaged in providing goods and services to the rapidly growing Hispanic demographic in the US and Puerto Rico.

It is designed to invest in companies with annual revenues in excess of USD10m. It will invest up to approximately USD20m per platform investment.
 
Returning investors to the fund include Verizon’s Pension Fund, the Municipal Employees’ Annuity & Benefit Fund of Chicago and the Public School Teachers’ Pension & Retirement Fund of Chicago.

In addition, new fund of funds investors include Centinela Capital Partners on behalf of CalPERS via Capital Link Fund II, Credit Suisse’s Customized Fund Investment Group, Fairview Capital Partners on behalf of the Connecticut Retirement Plans & Trust Funds and the New York City Employee Retirement System, and two fund-of-funds managed by Muller & Monroe Asset Management.
 
Carlos L Signoret, co-founder and managing principal of Hispania Capital Partners, says: ‘The initial closings of our second fund mark an important milestone for HCP and we are grateful for the trust and confidence our investors have shown in us. Since 2003, HCP has solidified its position as a leading private equity firm committed to sound partnerships with lower-middle market growth companies, most of which are competitively positioned to benefit from the underlying demographic growth drivers of the US Hispanic market. We are pleased with the investment performance of our Fund I investments, including two successful exits which have returned over 50 per cent of invested capital to date.’
 
Hispania Capital Partners is a Chicago-based private equity firm with over USD200m of capital under management.

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