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Bailey McCann, Opalesque New York: Hunter Point Capital has raised $3.3 billion for its first ever fund which will focus on making investments in money managers. The fund was oversubscribed and beat its $2.5 billion target. HPC Fund I is the largest-ever debut GP Stakes fund dedicated to private market strategies.
"Completing our first fundraise at over $3.3 billion provides further evidence that our brand of strategic partnership is resonating strongly with LPs," said Avi Kalichstein, CEO and Co-Founder of HPC.
Founded in 2020 by industry veterans Bennett Goodman and Avi Kalichstein, HPC says it aims to be the leading strategic partner for growth to the next generation of rising alternative investment managers. Through HPC Fund I, the firm acquires stakes in alternative investment managers and provides them with strategic and tactical support in key areas such as capital formation, business development, group purchasing, and talent enhancement. HPC invests in GPs across private equity, private credit, real estate, and infrastructure. The firm's global reach spans North America, Europe, and Asia.
To date, HPC has formed partnerships with eight investment management firms: Pretium Partners; Coller Capital; Inflexion; L Catterton; The Vistria Group; SLR Capital Partners; Iron Park Capital; and MidOcean Partners.
Commitments to HPC Fund I were secured from a broad base of both institutional and high-net-worth investors. The investor group includes sovereign...................... To view our full article Click here
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