HCAP collects $353m for sophomore SBIC fund

• The fund’s limited partners include foundations, financial institutions, and family offices
• HCAP seeks to invest $3 million to $25 million in established businesses generating between $10 million and $100 million in revenues in the healthcare, software, services, and manufacturing industries
• HCAP has invested in over 60 companies since its founding

HCAP Partners has closed its second SBIC fund at $353 million. HCAP Partners V invests in underserved businesses in the lower middle market.

The fund’s limited partners include 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.

“We are grateful for the confidence placed in us by both our returning and new investors,” said Tim Bubnack, a managing partner of HCAP Partners, in a statement. “This backing is a reflection of the strong team we have built and all of their hard work supporting the success of our portfolio companies. The new funding enables HCAP to continue providing creative and flexible deal structures to growth-stage companies. As a leading impact investor, we are excited about expanding our portfolio and providing not only capital solutions but also our expertise to companies in our target markets.”

HCAP Partners seeks to invest $3 million to $25 million in established businesses generating between $10 million and $100 million in revenues in the healthcare, software, services, and manufacturing industries. HCAP Partners has invested in over 60 companies since its founding.