Hcap Partners

CandidateSEC exempt reporting adviser· La Jolla, CaliforniaHCAPLLC.COM

Candidate, based in La Jolla, California, reporting $253M of fund assets on its funds' Form ADV filings.

Composed from this organization's classification, location and filed figures.

Reported fund assets
$253M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
None
Investment team
11
Latest vintage
2021
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

10 additional team members, 8 additional investments, funds and LPs, 7 events, 1 verified contact (1 firm phone)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Nothing material in the last 180 days.

People to know

View all people
  • Managing Partner
    Why: Managing partner: runs the firm
    No route on file yet
  • Senior Partner
    Why: Partner: part of the investment decision
    No route on file yet
  • Manager
    Why: Named with investment responsibility
    No route on file yet

Relationship network

28 connected entities4 observed rounds1 repeat counterparty1 dated round shown here, 2023

From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

Reading the network
  • Sponsor
  • Company
  • Fund or vehicle
  • Person
›How strength and recency are read

Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

How am I connected?

Name your firm, a company or a person, and DFX finds the published routes to Hcap Partners: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

See how you connect to Hcap Partners

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

9 companies on record, 0 new in 12 months

Investments on record

9 companies, 4 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Excel ERportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Firm website
FleetNurseportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Firm website
IA Badgeportfolio listingunknownunknownunknownunknownSep 16, 2026Fact Firm website

Stated thesis versus observed behaviour

11 observed deals
Stated (the firm’s website)
Sectors
healthcare, medtech, industrial
Stages
growth
Geography
united states
Check size
$5.0M to $35.0M stated by the firm
“Investments of $5M-$35M”
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 100%
lead rate no observed dealsfollow-on rate 33%new companies, 12 months 0

Team

14 current, 2 departed

Decision makers

who to call first, and why; then everyone else by function
  • Tim Bubnack · Managing Partner
    Why this person: Managing partner: runs the firm; Named with investment responsibility
  • Frank Mora · Senior Partner
    Why this person: Partner: part of the investment decision; Named with investment responsibility
  • Bubnack Raymond Timothy · Manager
    Why this person: Named with investment responsibility

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

Investment team

14 current, 2 departed
2 departed (kept with end dates)
  • Barry Anthony Wilson · Manager · May 1, 2008 to Mar 27, 2013 Inference
  • Kurt Dale Noyes · Chief Compliance Officer And Chief Financial Officer · May 1, 2015 to Apr 24, 2024 Inference

Contacts

1 firm phone

1 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

3 vehicles, 0 LPs disclosed

Funds and vehicles

3 reported, 2 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Hcap Partners V, LPFund · ADV: Other Private Fund2021 form d first saleMature$164M
Apr 24, 2024
61$55.1MSep 15, 2021
Hcap Partners IV, LPFund · ADV: Other Private Fund2017 form d first saleHarvest$89.0M
Apr 24, 2024
57$65.5MDec 21, 2018
Huntington Capital Fund III, L.P.Fund · ADV: Private Equity Fund2013 form d first saleHarvest$562,258
Apr 24, 2024
31$91.6M
of $125M
Jan 28, 2015

Limited partners

0 LPs, 0 disclosed commitments
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.

Known LPs and allocators

0 relationships across the firm's funds, from public pensions and the allocator graph
No allocator names this firm or its funds in a public disclosure DFX holds.

Relationships across DFX

1 co-investors · on 3 other DFX graphs

Co-investors

1 counted from shared deals, for the whole firm
Across DFX and the capital chainon 3 other DFX graphs · 1 capital path Show
Across DFX
  • The same institution is held on Allocators, Private Equity, RIA and Wealth, matched by identifier. See which records
Across the graphs

Hcap Partners is the same institution as 3 records in Allocators, Private Equity and RIA and Wealth.

Allocators1Private Equity1RIA and Wealth1

DFX found 3 relationships across 3 datasets

Which record it is in each graph, what it is called there, and how the two were matched.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Checking your plan…

Capital chain

Hcap Partners sits on 1 traced path of capital across the graphs.

Allocator commitments to a manager

DFX traced 1 path of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Evidence and history

12 dated events, 52 observations from 2 sources

Timeline

12 dated events
  1. Apr 24, 2024
    Kurt Dale Noyes (Chief Compliance Officer And Chief Financial Officer) no longer on Schedule A of Hcap Partners
    Person leftPeopleInferenceKurt Dale NoyesForm ADV
  2. Apr 1, 2024
    Peter Alexander Andersen joined Schedule A of Hcap Partners as Vice President Of Finance And Chief Compliance Officer
    Person joinedPeopleFactPeter Alexander AndersenForm ADV
  3. Mar 7, 2024
    Huntington Capital Fund II, LP no longer reported on Form ADV by Hcap Partners
    Fund no longer reportedFundsInferenceHuntington Capital Fund II, LPForm ADV
  4. Mar 14, 2022
    Hcap Partners V, LP first reported on Form ADV by Hcap Partners (Other Private Fund), GAV $13,099,415
    Fund first reported on Form ADVFundsFactHcap Partners V, LPForm ADV
  5. Mar 15, 2019
    Huntington Capital, LP no longer reported on Form ADV by Hcap Partners
    Fund no longer reportedFundsInferenceHuntington Capital, LPForm ADV

Identity and regulatory footprint

Address, phone, Form ADV filing and ownersForm ADV filed Apr 24, 2024 · 3 private fundsShow
Headquarters
La Jolla, CAadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
SEC adviser type
Exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
Private fund adviseradviserinfo.sec.gov
Latest Form ADV
Apr 24, 2024
Private funds reported
3 (0 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$253Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder

Classification history

Every classification this record has carried1 on recordShow
  1. Sep 12, 2026
    Candidate (candidate, 50%)
    No sworn venture fact yet (name or round mention only)

Evidence

52 observations from 2 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
SEC exemption claimedPrivate fund adviserApr 24, 2024FactForm ADV
SEC adviser typeExempt reporting adviserApr 24, 2024FactForm ADV
First Form ADV filing2012-03-30Apr 24, 2024FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2024-04-24Apr 24, 2024FactForm ADV
Venture share of reported funds0Apr 24, 2024FactForm ADV
Business phoneApr 24, 2024FactForm ADV
HeadquartersLa Jolla, CAApr 24, 2024FactForm ADV
Office addressApr 24, 2024FactForm ADV
Legal formLimited Liability CompanyApr 24, 2024FactForm ADV
Portfolio pageSep 16, 2026Fact
Portfolio pageSep 15, 2026Fact
Private funds reported3Apr 24, 2024FactForm ADV
Private fund gross assets (reported)$253MApr 24, 2024FactForm ADV
Stated check (high)$35.0M
“Investments of $5M-$35M”
Sep 16, 2026Fact
Stated check (high)$35.0M
“Investments of $5M-$35M”
Sep 15, 2026Fact
Stated check (low)$5.0M
“Investments of $5M-$35M”
Sep 16, 2026Fact
Stated check (low)$5.0M
“Investments of $5M-$35M”
Sep 15, 2026Fact
Stated geographyunited states
“geography words on the home page”
Sep 16, 2026Fact
Stated geographyunited states
“geography words on the home page”
Sep 15, 2026Fact
Stated sectorsHealthcare, medtech, industrial
“sector words on the home page”
Sep 16, 2026Fact
Stated sectorsHealthcare, medtech, industrial
“sector words on the home page”
Sep 15, 2026Fact
Stated stagesgrowth
“stage words on the home page”
Sep 16, 2026Fact
Stated stagesgrowth
“stage words on the home page”
Sep 15, 2026Fact
Team pageSep 16, 2026Fact
Team pageSep 15, 2026Fact
Venture funds reported0Apr 24, 2024FactForm ADV
WebsiteApr 24, 2024FactForm ADV
Website resolved domainhcap.comSep 16, 2026Fact
Website resolved domainhcap.comSep 15, 2026Fact
Website resolved domainhcap.comSep 14, 2026Fact
Site titleSep 16, 2026Fact
Site titleSep 15, 2026Fact
How this is scored
Scores, classification basis and filing advisersCandidate, candidateShow
Importance
14
low
Active deployment
0
low
Emerging
0
low
Freshness
92
high
CandidateSEC exempt reporting adviser

No sworn venture fact yet (name or round mention only)

The inputs behind each score
importance
gav: 0 · funds: 0 · people: 0.44 · investments: 0.39 · scale basis: Venture-typed funds only (Candidate): 0 funds, $0M of $253M reported · co investors: 0
active deployment
investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: not scored
emerging manager
fund count: 5 · reported gav: $253M · first adv filing: 2012-03-30 · years since first filing: 14.5

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Record history

1 dated event on the change ledger, latest event first
  • Adviser's first ADV filing
    2012-03-30source on record

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.