HC Private Investments and Landon Capital Partners Launch Evolution Managers Capital

HC Private Investments (HCPI), a Chicago-based private investment firm, and Landon Capital Partners (LCP), a Boston-based family office, today announced the formation of Evolution Managers Capital (Evolution), a platform for emerging private equity managers to launch their own investment efforts.

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Wednesday, October 2, 2019
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Banking, Professional services, Finance, Finance, Money, Economy, Corporate finance, Equity securities, Investment, Private equity, Private equity secondary market, Lexington Partners, Venture capital
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  • HC Private Investments (HCPI), a Chicago-based private investment firm, and Landon Capital Partners (LCP), a Boston-based family office, today announced the formation of Evolution Managers Capital (Evolution), 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.
  • I am excited to expand our private equity investing efforts with the launch of Evolution, said Joe Niciforo, Managing Principal of HC Technologies, LLC.
  • Landon Capital Partners ("LCP") is the direct private equity investment group of the Landon family and its select family office co-investment partners.



HC Private Investments (“HCPI”), a Chicago-based private investment firm, and Landon Capital Partners (“LCP”), a Boston-based family office, today announced the formation of Evolution Managers Capital (“Evolution”), 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 launching the firm nearly three years ago and are in an ideal position bring their experience of building successful businesses to the next crop of emerging private equity investors.”

Messrs. Kelly and Moran, added, “Evolution will expand our ability to invest in lower middle market private equity transactions while creating an enterprise that provides entrepreneurial private equity investors the financial, operational and investment support to create their own firms. We are grateful to Joe for his continued support and are excited to partner with Chris and LCP to source partnerships and develop growth strategies for talented new managers. Importantly, we remain fully committed to HCPI and identifying high-quality companies in the consumer and industrial sectors and partnering with business owners to execute defined growth strategies.”

“Our goal is to fill a void in the market by providing seasoned investment professionals an alternative path to launch their own efforts,” said Mr. Sullivan. “We believe we can create an investment platform to eventually deploy at least $500 million into lower middle market private equity transactions.”

ABOUT HC PRIVATE INVESTMENTS

HC Private Investments (“HCPI”) is a private equity investment firm focused on making investments between $5 million to $30 million in lower middle-market manufacturing businesses within the consumer and industrial markets. HCPI invests capital from HC Technologies, LLC, a Chicago-based principal trading firm led by Joe Niciforo with offices in New York and London. The firm will also bring select family offices and individuals to participate in its transactions providing HCPI with a flexible and patient capital base. With a focus of being the first institutional investor in a business, HCPI seeks to partner with business owners, executives and management teams to identify opportunities to remove impediments to growth enabling companies to maximize their full value potential. For more information, please visit www.hcprivateinvest.com.

ABOUT LANDON CAPITAL PARTNERS

Landon Capital Partners ("LCP") is the direct private equity investment group of the Landon family and its select family office co-investment partners. LCP invests in middle market private equity opportunities primarily in the United States. Our mission is to source, acquire, and manage lower middle market private equity buyouts, targeting opportunities for control equity positions in companies with $5 to $20 million of EBITDA. Preferred LCP investment targets display a high percentage of recurring revenue and strong free cash flow conversion and seek to leverage LCP's flexible approach to partnership and long-term growth orientation. LCP began operations in 2015 and has offices in Boston and London. For more information, please visit https://www.landoncapital.com.

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