Hunter Point Capital Raises Record $3.3 Billion for Debut GP Stakes Fund
March 29 2024 - 8:00AM
Business Wire
Hunter Point Capital (“HPC”), an independent investment firm
providing capital solutions and strategic support to alternative
asset managers, today announced the close of its inaugural GP
Stakes fund (“HPC Fund I”) with $3.3 billion in permanent capital
commitments, exceeding its initial $2.5 billion target. HPC Fund I
is the largest-ever debut GP Stakes fund dedicated to private
market strategies.
Founded in 2020 by industry veterans Bennett Goodman and Avi
Kalichstein, HPC aims to be the leading strategic partner for
growth to the next generation of rising alternative investment
managers, enabling them to develop their franchises faster and with
greater certainty than they would alone. 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. With this tangible, impact-oriented model of
strategic partnership at the center of its approach, HPC invests in
GPs across private equity, private credit, real estate, and
infrastructure. The firm’s global reach spans North America,
Europe, and Asia.
“Completing our first fundraise at over $3.3 billion provides
further evidence that our brand of strategic partnership is
resonating strongly with LPs. We believe these LPs have recognized
that there is growing demand among an exceptional group of
investment management firms for a partner that can help them seize
opportunities and face the challenges of growth over the coming
decades,” said Kalichstein, CEO and Co-Founder of HPC. “We
are incredibly grateful for the trust of our investors and the
opportunity to create lasting partnerships with a careful selection
of leading managers around the world.”
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 wealth funds, insurance companies, pension
funds, endowment/foundations, banks, as well as family offices and
registered investment advisors.
HPC strives to be the world’s best capital solutions and
strategic support provider to GPs. The firm has launched a separate
but complementary platform called GP Financing Solutions (“GPFS”),
which offers net asset value-based loans and preferred financing
solutions to established GPs.
About Hunter Point Capital LP Hunter Point Capital
(“HPC”) is a leading independent investment firm providing capital
solutions and strategic support to alternative asset managers
across the globe. HPC believes that being a strategic partner for
growth to investment managers makes it a preferred choice for
successful and promising GPs seeking tailored capital solutions.
For more information, please visit www.hunterpointcapital.com.
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Joshua Rosen Prosek Partners
pro-hunterpointcapital@prosek.com