- John Kelly formerly worked at Tokarz Group
- Matt Moran worked at Wind Point Partners
- Launched as a division of HC Technologies
John Kelly and Matthew Moran, two investment professionals, formed HC Private Investments to focus on lower-middle-market manufacturing companies, according to an announcement from the firm.
HC Private Investments will use capital from HC Technologies, a Chicago principal trading firm led by Joe Niciforo, managing principal. HC Private Investments is a unit of HC Technologies. The firm also will bring in select family offices to participate in deals.
Kelly was an investment professional at Tokarz Group Advisers/MVC Capital, a lower-middle-market firm. Kelly previously worked in the investment-banking group at Bear Stearns.
Moran worked at Wind Point Partners from 2006 to February 2016, leaving the firm as a vice president, according to his LinkedIn profile. Earlier he was an analyst at Lehman Brothers.
HC Private Investments focuses on deals ranging from $10 million to $100 million in enterprise value in the consumer and industrial markets. Typical equity investments range $5 million to $25 million.
The firm works with a network of operating executives that will work with management teams in HC Private Investments’s portfolio companies.
“We are seeing a tremendous opportunity in the lower middle market, where businesses have historically lacked the necessary strategic resources to realize their full potential,” Kelly and Moran said in the statement.
The Chicago skyline as seen from Lake Michigan. Photo by Alastair Goldfisher, Venture Capital Journal.