HCAP Partners V, L.P. OVERVIEW
Data as of 12/31/2022
Active Portfolio Companies
DFW Neuropathy is a neuropathy treatment company based in North Texas that specializes in Combination Electroanalgesia Treatment to heal or reverse peripheral neuropathy that can commonly result from diabetes, impact injuries, or medication, damaging the peripheral nerves. dfwneuropathy.com
FleetNurse connects health systems to quality healthcare providers on-demand, aka “per diem” nurse staffing. The company recruits and qualifies nurses to their platform, and healthcare facilities are then able to post and fill shifts at the last-minute with these high-quality, qualified nurses. fleetnurse.com
IronRod Health is a Phoenix, AZ-based remote physiological monitoring solution leveraging a proprietary technology infrastructure and white glove services to provide an end-to-end platform for cardiology practices and their patients. IronRod Health provides patient verification and authorization, education and consent, clinical and technical support, billing services, and analytics to providers in cardiology monitoring. ironrod.health
Lumifi is a managed detection and response cybersecurity platform heavily focused on solving for human capital shortage through automation and advanced telemetry. Lumifi’s platform combines continuous attack simulation technology (vulnerability identification and assessment) with a 24/7 security operations center to provide proactive and ‘always on’ coverage. lumificyber.com
Saphyre provides an AI-based SaaS platform that serves as
a workflow management and metadata tracking tool to facilitate the pre- and post-trade onboarding and operations in the securities trading market. Its primary customers are large financial institutions that serve as the buy side, sell side, or custodian on any given transaction. saphyre.com
Vintage Year
Total Capital Deployed:
$38M Debt,
$23.5M Equity
Total Investments:
5 Active, 0 Exits
capital deployed by industry
In September, HCAP announced the final close of its new $353 Million SBIC fund. More than twice the size of its predecessor fund, HCAP Partners V, L.P. had strong support from a diverse investor base of existing limited partners from previous funds and new limited partners, including highly regarded foundations, financial institutions, and family offices.
“The strong backing of investors and the industry’s growing recognition of the attractiveness of funds like these is encouraging for the bright future of impact investing. We are proud to support HCAP Partners and its work to unlock resources for underserved businesses so they have the tools they need to grow, spurring new opportunities and high-quality jobs where they’re needed most.”
– Roy Swan, Ford Foundation Director of Mission Investments
HCAP Partners V, L.P. Impact Metrics
Data as of 12/31/2022
As of Q4 2022, HCAP V has invested across five companies, with 72% of the capital invested going into traditionally underserved businesses, i.e. businesses that are either located in a low- to moderate-income census tract or employ a majority low- to moderate-income workforce.
The impact metrics highlighted on this page and the next illustrate the composition of the portfolio as well as improvements in job quality during 2022.
We are pleased to report that 96% of jobs in the portfolio were improved during 2022 across multiple attributes of the Gainful Jobs Approach™.
JOBS by industry
JOBS by LMI Breakdown
Average Hourly Wages
* Percentage of companies for which at least one owner or member of the leadership team is a woman, non-binary individual, or person of color.
** Percentage of boards for which at least one board member is a woman, non-binary individual, or person of color.
***Race and ethnicity data is unavailable for 40% of employees portfolio-wide. HCAP is working with portfolio companies to enhance data collection.
Diverse ownership/
leadership*
Female
workforce
Board
diversity**
Ethnically diverse
workforce***
2022 Key Job Improvement Statistics
Jobs Improved by Attribute
Portfolio-Wide Employment Statistics
Portfolio jobs
improved
Jobs with multiple improvements
% portfolio jobs
improved
Average number of attributes improved per job
* 2022 annual portfolio-wide turnover rate. In comparison, the average monthly U.S. turnover rate in 2022 was 3.9% or 46.8% annualized.
See: https://www.bls.gov/news.release/archives/jolts_03082023.pdf.
Total jobs*
Annual employee
turnover rate**
Total jobs created
since investment*
Employee
satisfaction***
