Hunter Point Capital Raises Record $3.3 Billion for Debut GP Stakes Fund

March 29th, 2024

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.