Firms

HCAP Partners

La Jolla, California, United States

hcap.com

linkedin.com

hcapllc.com

HCAP Partners is a California private equity and mezzanine debt manager founded in 2000 as Huntington Capital and renamed in 2015. Based in La Jolla, it provides acquisition and growth financing to underserved lower-middle-market businesses across the United States, emphasizing healthcare, software, services and manufacturing. Its current published investment range is $5 million to $35 million, typically serving businesses with $10 million to $100 million in annual revenue. The firm supports portfolio operations and job quality through its Gainful Jobs Approach. Its neuroscience relevance is demonstrated by its 2019 investment in CortiCare, an EEG neurotelemetry and remote brain-monitoring provider, and its neuropathy-care portfolio. AI exposure is grounded in actual portfolio companies including Lumifi Cyber, which applies AI and machine learning to threat detection and remediation, Saphyre’s trade-data automation, and Aarista’s AI-supported post-acute care platform. The current public roster contains twelve staff and five separately identified operating advisors. Managed fund totals are not individual investment checks. Fund V’s published $353 million total includes anticipated SBA leverage; independently raised LP capital is not separately disclosed in the closing announcement.

Founded: 2000
Type: Venture capital

Funds4

HCAP Partners V, L.P.2022-09-152022-09-15—
Actual second SBIC fund, with final close announced September 15, 2022 and capital deployment already underway. Published total of $353 million includes anticipated SBA leverage. Raised LP-only capital and actually drawn leverage are not separately established, so the numeric closed-capital field remains null. The advertised total and its qualification are preserved here.
HCAP Partners IV, L.P.2019-07-312019-07-31$150M
Fund IV final closing announcement dated July 31, 2019 reported $150 million total commitments at its hard cap. The fund operates as an SBIC and provides growth, acquisition and other lower-middle-market financing. The LP-versus-SBA capital breakdown is not independently disclosed here.
HCAP Partners III, L.P.2014-122014-12$92M
Actual $92 million fund that closed in December 2014, explicitly reported in the manager’s 2015 renaming announcement. Month precision retained; current fund overview’s 2013 vintage is not converted to a closing date.
Huntington Capital Fund II, L.P.—$78M
Deployed historical Fund II, with $78 million total fund size reported in the manager’s current fund overview. The 2008 vintage is not treated as an exact closing date. Legal vehicle is Huntington Capital Fund II, L.P., documented by a portfolio securities filing.