HCAP Partners 2022 Annual Impact Report: Supporting Quality Jobs through Value Creation
We are pleased to share our 2022 Annual Impact Report titled Supporting Quality Jobs through Value Creation.
The past year brought a series of new challenges for American workers and families. As the COVID-19 pandemic continued for a third year, the U.S. experienced inflation at 40-year highs, and the economy slowed, many Americans faced new financial hardships.
HCAP Partners 2022 Annual Impact report highlights our work with portfolio companies to improve job quality through the Gainful Jobs Approach™ and other value creation activities. We also introduce the HCAP Employee Assistance Fund, a new resource launched to support portfolio company employees experiencing unexpected financial hardship.
Given this reality, we see our work with portfolio companies to improve job quality through the Gainful Jobs Approach™ as more important than ever. In addition to this work being the right thing to do, we view improving job quality as a core component of how we support value creation with portfolio companies. When we collaborate with companies to support their workforce and build environments where employees thrive, companies are better positioned to reach their goals, which translates into better financial results and, ultimately, enhanced investment returns.
In September 2022, we announced the final close of our fifth fund, a $353 million Small Business Investment Company (SBIC) fund, HCAP Partners V, LP. The report includes impact results for this latest fund as well as for our previous fund, HCAP Partners IV, LP, which is fully invested.
As HCAP continues to grow as a firm, invest more capital, and support value creation, we are thankful to have our portfolio companies, investors, and other partners on this journey. We look forward to continuing to work together to demonstrate how businesses and investors can prioritize investments in workers as a key driver of value creation and make quality jobs the norm for U.S. workers.
