HCAP Partners IV, L.P. OVERVIEW
Data as of 12/31/2022
Active Portfolio Companies
Exited Portfolio Companies
5th Kind is an industry-leading developer of workflow management software that supports remote workflows, digital collaboration, and media/digital asset management needs. The company’s solutions are used by the world’s most innovative entertainment companies and consumer brands. 5thkind.com
Arosa is a premier national in-home care and care management provider for elderly Americans and their families. The company is dedicated to providing quality care management services and differentiating itself as a best-in-class employer of caregivers and innovative service with approximately 24 offices across 8 states and 1,500 employees. arosacare.com
Atlantic Closing & Escrow provides title, closing, and escrow services focused on residential real estate properties. Fully licensed in over 20 states, the company operates under the ACE and Kriss Law brands and holds a dominant position in Massachusetts with an established brand and loyal client base. krisslawatlantic.com
BetterNight is a leading provider of sleep services for 28 years, serving approximately 60,000 patients annually. BetterNight is the nation’s only comprehensive virtual care sleep solution, combining a clinically validated sleep assessment with a CBTi solution and a telehealth-based sleep apnea platform. betternightsolutions.com
Chordline Health, formerly TCS Healthcare Technologies, was founded in 1983 and is a leading provider of software and clinical solutions designed to support and improve medical management operations for health plans, insurers and other healthcare organizations that serve both the private and public sectors. chordline.com
CortiCare is a leading neurotelemetry and remote neurological patient monitoring company providing telehealth services technology and continuous EEG brain monitoring solutions to neurology and neuro critical care areas within acute care settings. The CortiCare EEG platform covers ICU, NICU, ED and EMU departments offering a nationwide network of remote EEG monitoring and reading services including long term, stat, and routine studies. corticare.com
DYPER launched the first subscription-based, eco-friendly diaper delivery service. Diapers are made with responsibly-sourced materials and are free of harmful chemicals, prints, scents, chlorine, and more. They can be safely composted and are backed by carbon offsets each month. dyper.com
ELB Learning is a leader in the corporate learning technology industry. The company provides a complete suite of integrated training development and delivery tools, including the leading authoring tool Lectora and virtual reality course builder CenarioVR. elblearning.com
Excel ER operates freestanding emergency rooms where patients can receive immediate care that is both high-quality and convenient. Staffed with skilled physicians and nurses and equipped with advanced technology, Excel ER locations offers a wide array of services to treat both adults and children. excel247er.com
Lone Star Analysis provides decision analysis and advanced analytics software/solutions for clients in industries such as transportation and logistics, aerospace and defense, and industrial. Lone Star enables customers to make smarter decisions by quickly leveraging data to provide foresight and decision making solutions. lone-star.com
Myndshft is a provider of Real Time Medical Benefits Check (RTMBC) + electronic prior authorization (ePA) solutions. The company’s platform allows post acute care providers to check the benefits and eligibility of patients in real-time and process prior authorization requests in an efficient and timely manner. myndshft.com
Vintage Year
Total Capital Deployed:
$120.7M Debt,
$40.5M Equity
Total Investments:
11 Active, 6 Exits
capital deployed by industry
HCAP Partners IV, L.P. Impact Metrics
Data as of 12/31/2022
As of Q4 2022, HCAP IV has invested across seventeen companies, with 71% 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 88% 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.
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
* Reflects total jobs and jobs created at active companies as of 12/31/2022 and exited companies as of the last period of data collection prior to exit.
**2022 annual portfolio-wide turnover rate among active companies. 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
***Portfolio-wide average employee satisfaction rate among active companies.
Total jobs*
Annual employee
turnover rate**
Total jobs
created since investment*
Employee
satisfaction***
