HCAP Fund II, L.P.

Founded in 2000, HCAP Partners LLC ("HCAP", formerly Huntington Capital) is a private equity firm focused on the lower middle market with a mission to generate top quartile returns while having a positive impact on underserved businesses and their communities. These results are evident in our financial performance and impact metrics. HCAP will continue its strong impact investing focus to provide good quality jobs with employee benefits through its portfolio companies for low to moderate income employees and the extension of companies operations into underserved communities thereby supporting a diverse workforce of LMI individuals and families. HCAP provides capital to “underserved” businesses that tend to employ low-to-moderate income and ethnic minority employees, are located in LMI zones, and/or are owned and operated by ethnic minorities. The Fund primarily provides growth capital, structured as Mezzanine Debt and/or Preferred Equity. The Fund's performance has allowed it to return 58% of all called capital and 45% of all committed capital within 7 years as of 6/30/15. The Fund has achieved an approximately 8% net IRR for Limited Partners since inception and 1.33x net cash investment multiple.

Financial description

The principle objective of The Fund is to generate above average risk adjusted returns for our investors, provide the investment capital and resources to help our portfolio companies maximize their performance and enterprise value, and create a positive impact within the communities which we invest.
HCAP Fund II reports a Gross IRR through 6/30/15 of 15.59% and Net IRR of 8.02% including all Fees, Expenses and estimated GP Carry. As of 6/30/15 The Fund has returned 58.8% of all called capital and 44.5% of all committed capital (Vintage 2008 Fund).
The investments will generally be structured as mezzanine capital, and typically be in the form of loans in the $2 million to $7 million range. The Fund also provides growth capital in the form of preferred stock. Funds are typically used for growth oriented working capital, recapitalization, acquisition or for capital investment.