About This Fund
HPC Fund I is the inaugural GP stakes fund raised by Hunter Point Capital (HPC), a New York-based independent investment firm founded in 2020 by industry veterans Bennett Goodman and Avi Kalichstein. The fund held its final close on March 29, 2024, raising $3.3 billion in permanent capital commitments against an initial $2.5 billion target—establishing it as the largest-ever debut GP stakes fund dedicated to private market strategies. The investor base includes sovereign wealth funds, insurance companies, pension funds, endowments and foundations, banks, family offices, and registered investment advisors from across the globe.
HPC Fund I acquires minority equity stakes in next-generation alternative investment managers across private equity, private credit, real estate, and infrastructure. Beyond capital, the fund provides portfolio managers with strategic and tactical support in capital formation, business development, group purchasing, and talent enhancement—a model designed to be a true growth-enablement partner rather than a passive shareholder. The fund's global mandate spans North America, Europe, and Asia Pacific, targeting rising managers with differentiated strategies, strong performance track records, and the potential to scale into institutional-grade platforms.
Through HPC Fund I, Hunter Point Capital formed strategic partnerships with eight portfolio managers at close: Pretium Partners, Coller Capital, Inflexion, L Catterton, The Vistria Group, SLR Capital Partners, Iron Park Capital, and MidOcean Partners—a cross-section of private equity, credit, and real estate specialists. The $3.3 billion debut raise—completed in four years from the firm's founding—reflects both the experience of the founding team and strong investor appetite for the GP stakes asset class as managers seek patient, value-added capital partners for the next phase of institutional growth.