Firms

Hesperia Capital

Hesperia Capital is a growth-equity investment firm launched by Rhett Hunter and Michael Papile in 2023. It backs mission-oriented operating businesses, including behavioral health, technology-assisted elder care, maternal healthcare, connected water infrastructure and environmental technologies. Its published approach bridges venture and later-stage capital through minority convertible-preferred investments, generally targeting companies approaching or generating profits. Hesperia Capital, LLC is the legal adviser identified in its March 23, 2026 regulator filing, CRD330733; the filing names both founders as managers and identifies three Delaware private vehicles. Published investment criteria are not individual check allocations. Legal vehicle sizes, final closing dates and a broader private staff directory are undisclosed. The profile uses the official domain’s cached ship favicon; the firm explains its S.S. Hesperia namesake on its own website.

Founded: 2023
Type: Venture capital

Funds3

HESPERIA ADVANCED LLC——
Delaware private vehicle managed by Hesperia Capital, LLC, identified in its March 2026 regulator filing. Final subscribed capital and closing date unverified; reported asset value is not treated as raised cash.
HESPERIA ALOE CARE, LLC——
Delaware private vehicle managed by Hesperia Capital, LLC, identified in its March 2026 regulator filing. Final subscribed capital and closing date unverified; reported asset value is not treated as raised cash.
HESPERIA BEME I, LLC——
Delaware private vehicle managed by Hesperia Capital, LLC, identified in its March 2026 regulator filing. Final subscribed capital and closing date unverified; reported asset value is not treated as raised cash.