Obey Martin Manayiti
The lower mid-market is ‘structurally superior to the upper mid-market/mega-cap private equity market,’ managing partner Rob Wolfson told Buyouts.
Investment in the sector has risen dramatically in the past five years.
The fund’s target size marks a modest increase from Fund VI, which closed on $1.5bn in 2022.
The launch of a dedicated vertical emphasizing national defense marks a 'significant milestone' for the firm, CEO David Moross told Buyouts.
'Our top priority is positioning HPC for its next phase of growth,' William Sonneborn tells Buyouts.
Co-managing partners tell Buyouts the firm sent back nearly $6bn to investors across its five funds, with 22 exits year-to-date
The firm has recently returned billions of dollars to its investors, while announcing a string of high-profile exits this year.
Hawkins joins from JPH Revenue Partners, where he was an operating partner.
Fund VI’s target size marks a 25% increase from its predecessor, which closed in 2024 with $600m of capital.
The Pittsburgh-based firm beat its initial target by nearly half.