Hidden Harbor Capital Partners

Name

Hidden Harbor Capital Partners

Legal name

Hidden Harbor Capital Partners

Website

https://hh-cp.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Private Equity Fund Management

NAICS

All Other Financial Investment Activities (52399), Portfolio Management and Investment Advice (523940), Other Financial Vehicles (52599)

SIC

Investors, Nec (6799), Investment Advice (6282)

akta.pro primary industry

Private Equity Fundraising Placement (FSAEALAB)

akta.pro secondary industries

Institutional Capital Introduction (LP/Family Office/Endowment Matching) (FSAEALAI), LP Secondaries — Private Credit / Direct Lending Funds (FSAHALAD)

Keywords

• Private equity fund management
• Lower middle market investments
• Control buyout investments
• Portfolio operations services
• Corporate carve-out acquisitions

Headquarters

HQ city

Boca Raton

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others, Technology or R&D

Revenue model

1. Fund Management Fees: Hidden Harbor earns management fees on committed capital across its three funds (Fund I: $265M+, Fund II: $450M, Fund III: $800M). Management fees are typically charged as a percentage of committed or invested capital and represent recurring revenue for the firm.
2. Carried Interest (Performance Fees): The firm earns carried interest (carry) on profits generated from successful portfolio company exits. This aligns GP and LP interests and is the primary driver of fund returns and GP economics. Carry is typically earned after return of capital and preferred return to LPs.
3. Continuation Fund Carry: In May 2025, Hidden Harbor closed an $850 million Continuation Fund (with Carlyle Alpinvest) that acquired interests in four portfolio companies (Dayco, SuperHero Fire Protection, Air Conditioning Specialist, and another). This structure provides liquidity to existing LPs while allowing the firm to continue managing high-performing assets.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Hidden Harbor Capital Partners is an operationally focused private equity firm that raises and manages lower middle market buyout funds (Fund I at $265M+, Fund II at $450M, Fund III at $800M, and an $850M Continuation Fund) to make control investments in North American companies with revenues of $50M-$500M and EBITDA up to $30M. The firm applies a dedicated Portfolio Operations Group to drive operational value creation across portfolio companies and a structured Value Creation Blueprint process to standardize execution. Distribution to intermediaries and institutional LPs is supported by dedicated registration portals and placement agent relationships.

Product overview

Hidden Harbor Capital Partners is an operationally focused private equity firm that operates as a fund management company rather than a technology product company. The firm manages multiple private equity funds (Fund I at $265+ million, Fund II at $450 million, Fund III at $800 million, and an $850 million Continuation Fund) totaling over $2 billion in assets under management. The firm's core offering is control investments in lower middle market companies, with specialized focus on industrials, business services, facility services, residential services, automotive, professional services, environmental services, chemicals, and distribution sectors. Their value proposition centers on operational excellence through a dedicated Portfolio Operations Group that provides value creation services including talent acquisition, World Class Manufacturing, technology excellence, add-on integration, and sales excellence. The firm also offers intermediary services for deal sourcing and an investor portal for limited partners.

Differentiator

Problem solved

Functional benefit

Products and services

• Private Equity Fund Management
• Hidden Harbor Capital Partners III (Fund III)
• $850 Million Continuation Fund
• Portfolio Operations Support Services
• Intermediary Services Program

Quantifiable outcome

• Fund III raised $800 million, oversubscribed above its hard cap, from balanced mix of endowments, foundations, pensions, family offices, and funds of funds.
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• Kilpatrick Townsend & StocktoncoreImplementation/ SI/ Consulting Partner · 1 August 2024Kilpatrick Townsend & Stockton served as legal advisor to Hidden Harbor Capital Partners and Rapid Pump for the acquisition of Metro Pumps & Systems, Inc.
• Kirkland & ElliscoreImplementation/ SI/ Consulting Partner · 30 July 2024Kirkland & Ellis provided legal counsel for Fund III closing, supporting the $800 million oversubscribed fund raise.
• McDermott, Will & EmerycoreImplementation/ SI/ Consulting Partner · 12 July 2024McDermott, Will & Emery LLP served as legal advisor to Hidden Harbor for the Tri Scapes acquisition.
• Kirkland & ElliscoreImplementation/ SI/ Consulting Partner · 9 May 2016Kirkland & Ellis served as fund counsel for Hidden Harbor Capital Partners, advising on the launch of the firm's first fund and fund formation matters.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Comvest Partners: Lower-middle-market private equity firm investing in business services, industrials, and consumer companies. Highly relevant peer: founding partners John Caple, Andrew Joy, and Cathy Bowers all previously worked at Comvest, and the firm targets a similar EBITDA range ($5–$30M).
• H.I.G. Capital: Global middle-market private equity firm with a lower-middle-market focus and operations-led approach. Highly comparable: John Caple, David Block, and Chris Paldino all previously worked at H.I.G., and H.I.G. targets similar industrial and business services sectors with control investments.
• Thompson Street Capital Partners: St. Louis-based lower-middle-market PE firm investing in business services, industrials, and consumer companies. Closely comparable fund size, target EBITDA range, and operational value-creation model; Cathy Bowers joined Hidden Harbor from Thompson Street.
• NewSpring Capital: Lower-middle-market PE firm with a focus on business services, specialty manufacturing, and healthcare. Comparable fund size range and operational orientation; overlapping deal sourcing channels in the eastern U.S.
• Trinity Hunt Partners: Lower-middle-market PE firm focused on business services, industrials, and consumer companies. Directly comparable investment criteria (revenues $50–$500M, EBITDA $5–$30M), operations-led value creation, and founder/family orientation.
• Platte River Equity: Denver-based lower-middle-market PE firm investing in industrial, infrastructure, and business services companies. Highly comparable sector focus (industrials, energy, infrastructure) and similar platform + add-on investment strategy in the North American lower-middle market.
• Bregal Partners: Lower-middle-market PE firm investing in business services, industrials, and consumer companies. Comparable fund size, sector focus, and founder/family and corporate carve-out orientation.
• Genstar Capital: Middle-market PE firm focused on business services, industrials, healthcare, and financial services. Suzanne DeTore joined Hidden Harbor from Genstar, and the firm runs a comparable sponsor-backed carve-out and platform playbook.
• PNC Riverarch Capital: Lower-middle-market PE firm affiliated with PNC focused on business services and industrial growth companies. Comparable fund size and sector focus; Tucker Coates joined Hidden Harbor from PNC Riverarch.

Broad incumbents

• Lone Star Funds: Global private equity firm with a long history of operations-led investments in real estate and corporate carve-outs. Broader incumbent comparable due to operational platform, continuation fund usage, and complex carve-out execution capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hidden-harbor-capital-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries20 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A15 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hidden Harbor Capital Partners