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Alternative Market Briefing

HC Private Investments and Landon family office launch platform for emerging private equity managers

Thursday, October 03, 2019

Matthias Knab, Opalesque for New Managers:

HC Private Investments, a Chicago-based private investment firm, and Landon Capital Partners, a Boston-based family office, today announced the formation of Evolution Managers Capital, a platform for emerging private equity managers to launch their own investment efforts. Evolution will provide emerging managers with committed capital to fund operating expenses and investments.

HCPI Managing Partners, John Kelly and Matthew Moran, and LCP Managing Partner, Chris Sullivan, will lead the platform. Evolution will provide financial backing and support to private equity managers, who like HCPI and LCP, are focused on lower-middle market transactions with targeted deal sizes ranging from $20 to $100 million in enterprise value. Evolution expects to commit up to $50 million in equity in each participating firm on the platform and will bring in select family offices to invest alongside the firms on a deal by deal basis.

"I am excited to expand our private equity investing efforts with the launch of Evolution," said Joe Niciforo, Managing Principal of HC Technologies, LLC. "Throughout my career, I have helped seed emerging hedge fund managers and believe a tremendous opportunity exists to provide successful private equity investment professionals with a similar path to start their own funds. John and Matt have done an exceptional job with HCPI since l......................

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