HCI Equity Partners raises $400 million

The Washington D.C.-based firm closes fifth fund at target size.

HCI Equity Partners closed its fifth flagship vehicle at its target size of $400 million.

HCI Equity Partners Fund V will continue the firm’s strategy of making control investments in lower middle-market business services and industrial product companies.

The Washington D.C.-based firm’s predecessor vehicle, HCI Equity Partners Fund IV, closed at $365 million in 2013.