HCAP Partners is a private equity firm specializing in growth capital investments, buyouts, acquisition financing, recapitalization, general working capital, long term structured loans, and mezzanine debt investments. It does not invest in start-up businesses. The firm typically invests in lower middle market and later stages. It seeks to invest in services, manufacturing, homeland security, aerospace and defense, business services, consumer products, health care, and information technology/software sectors. It prefers to invest in lower middle market based in California and the western United States. The firm typically invests between $1 million and $9 million in its portfolio companies with revenues between $10 million, Enterprise value between $10 million and $ 60 million and $75 million and a minimum EBITDA of $1 million. It invests in the form of warrants, preferred or common stock options, and royalties. The loans provided by the firm are accompanied by warrants to purchase an equity interest in the borrower, royalties, or a combination of the two. It invests in debt, equity, or combinations. The firm prefers to acquire an active board positions in its portfolio companies. It seeks to exit its investments within a period of five years. It prefers to provide mezzanine debt investments for minority equity participations. The firm typically prefers to be a minority or majority shareholder. It was formerly known as Huntington Capital LLC. HCAP Partners was founded in 2000 and is based in San Diego, California and additional offices in Las Vegas, Nevada; and Reno, Nevada.