Hall Capital Partners, an advisor to families, endowments and foundations, has raised about $53 million for its latest fund of funds vehicle, HCP Private Equity Fund VI, according to documents filed with the US Securities and Exchange Commission.
The target for Fund VI could not be determined at press time. Hall Capital’s previous private equity fund of funds collected about $55 million on a $100 million target in 2011, according to Private Equity International’s Research and Analytics division.
Hall Capital invested more than $100 million in private equity and venture capital funds during the course of 2012, the lowest amount the firm has committed “in quite some number of years”, Jessica Reed Saouaf, head of the private equity group at Hall told Private Equity International in a previous interview. “We invested in nine funds in 2012 versus 14 in 2011, and in 2007 the number was probably closer to 20,” she said. Of the nine funds to which Hall committed capital, four were venture capital funds.
Hall Capital maintains more than 100 client relationships with private equity portfolios in various stages of maturity. The firm commits to roughly 40 active managers in private equity, and invests in strategies including buyout, growth, distressed, credit and venture capital.
Based in New York and San Francisco, Hall manages about $10.4 billion of alternative assets. In addition to its fund of funds offerings, Hall builds multi-asset class investment portfolios for families, endowments, and foundations, with about $25 billion of total assets under management.