HCI Equity Partners has closed its fifth fund, beating its $400 million target. HCI Equity Partners Fund V will focus on lower middle market North American industrial product and service companies. UBS was the placement agent while Kirkland & Ellis served as legal counsel to HCI Equity Partners.
Washington, D.C., November 2017 —HCI Equity Partners (HCI), a private equity firm that targets growth oriented industrial product and service companies in the lower middle market, recently announced the closing of HCI Equity Partners Fund V. The fund exceeded its target of $400 million in less than a year of highly targeted marketing.
“HCI is pleased to further diversify our investor base and align with long term Limited Partners supportive of HCI’s operationally intensive approach to investing” commented Dan Dickinson, Co-Founder and Managing Partner at HCI. “We’re thankful for the confidence our investors have placed in HCI to continue our active approach to building solid partnerships with owners and management teams.”
The fund will execute HCI’s long-standing strategy of making control investments in lower middle market North American industrial product and service companies, in sectors including aerospace and defense, transportation products and services, distribution, infrastructure products and services and niche manufacturing and industrial services companies. HCI employs a focused investment strategy of partnering with companies with strong market positions, solid growth prospects, and ambitious owners and managers that can benefit from HCI’s operational focus, leadership, and hands-on approach. The Fund will be activated in January 2018.
UBS served as the placement agent and Kirkland & Ellis served as legal counsel to HCI Equity Partners.
ABOUT HCI EQUITY PARTNERS
Founded in 2003, HCI Equity Partners (HCI) is led by Managing Partners Dan Dickinson, Doug McCormick, and Scott Rued. The senior team of ten principals averages over 25 years of experience investing in, managing, and/or advising industrial products and services companies. Eight of ten principals have been CEO, President or CFO of an industrial company during their careers. HCI is headquartered in Washington, DC, with additional offices in Minneapolis, MN, and Chicago, IL. For more information please visit: www.hciequity.com.