Quantitative trading firm HC Technologies has launched a private equity arm that will make equity investments in lower-middle market manufacturing companies ranging from $10 million to $100 million in enterprise value.
The buyout affiliate will be named HC Private Investments (HCPI) and make equity investments of $5 million to $25 million into firms focused on consumer and industrial markets, the company said in a statement. It will be led by veteran middle market investors, John Kelly and Matthew Moran, and follow a long-term investment horizon.
The company currently sees an opportunity in the lower-middle market, where businesses have historically lacked the necessary strategic resources to realize their full potential, HC Technologies added.
“I am delighted to be expanding our investment capacity with the launch of HCPI,” said Joe Niciforo, managing principal of HC Technologies, in the statement. “I have known John and Matt for years, and have always been impressed by their investing acumen and disciplined approach. Under their leadership we anticipate an extremely selective, but expeditious investment process geared toward helping companies reach their full potential through post-investment value creation.”
Prior to founding HC Private Investments, Mr. Kelly was a senior investment professional with The Tokarz Group Advisers and Mr. Moran was a senior investment professional at Wind Point Partners.
Founded by Niciforo and Charlie Carey in 2007, HC Technologies is an algorithmic and discretionary trading firm with offices in Chicago, London and New York. The company specializes in currency and futures markets, and leverages proprietary technology platform to create a scalable business in the proprietary trading and hedge fund industries. HC Tech also oversees hedge fund seeding platform LaunchPad Trading, a joint venture with Tudor Capital.