HCI Equity Partners has closed its fifth fund, HCI Equity Partners Fund V LP, above the targeted amount of $400 million.
HCI Equity Partners (HCI) is led by Managing Partners Dan Dickinson, Doug McCormick, and Scott Rued and was founded in 2003. The firm invests in industrial products and service companies that have from $20 million to $200 million in annual revenue and $5 million to $20 million in EBITDA. Sectors of interest include aerospace and defense; transportation products and services; distribution; infrastructure products and services; niche manufacturing; and industrial services.
“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,” said Mr. Dickinson. “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.”
HCI is headquartered in Washington, DC with additional offices in Chicago and Minneapolis (www.hciequity.com).
Fund V will begin its investment activities in January 2018.
UBS served as the placement agent for Fund V and Kirkland & Ellis served as legal counsel.
© 2017 Private Equity Professional | November 29, 2017
