HCAP Partners V, L.P. Overview
Data as of 12/31/2025
Capital Deployed
HCAP IV ACTIVE PORTFOLIO COMPANES
-
Aarista is a healthcare technology company providing a digital health platform that uses real-time data and AI-driven analytics to deliver actionable insights for post-acute care providers.
aarista.com -
Apprio is a healthcare technology company that helps hospitals, health systems, and federal agencies improve revenue cycle performance through automation, analytics, and patient enrollment services.
apprio.com -
CUBEX provides healthcare automation and cloud-based analytics that help veterinary, dental, and long-term care facilities improve medication management, compliance, and patient outcomes.
cubex.com -
Federal EC is an engineering and construction firm specializing in underground utility infrastructure, including trenchless pipe rehabilitation and related technologies for municipal, industrial, and commercial clients.
federalec.com -
Flume provides water management technology that helps utilities reduce waste and enables homeowners to monitor real-time water usage.
flumewater.com -
Gondola Skate designs fixture mobilization products that allow retailers and warehouse teams to move shelving and pallet racking safely and efficiently.
gondolaskate.com -
IND provides critical cleaning, coating, and refurbishment services for semiconductor equipment components, helping manufacturers extend component life and reduce downtime.
indhq.com -
Integrated Diagnostic Services provides mobile X-ray, ultrasound, EKG, echocardiogram, and lab services to skilled nursing facilities, long-term care, and home health patients.
integrateddxservices.com -
IronRod Health provides remote physiological monitoring solutions for cardiology practices, supporting patient engagement, education, billing, and analytics.
ironrod.health -
Lumifi provides managed detection and response cybersecurity services combining attack simulation, automation, and a 24/7 security operations center.
lumificyber.com -
New Promise Neuropathy operates clinics specializing in the treatment of neuropathy and musculoskeletal pain.
newpromiseneuropathy.com -
PACIV delivers industrial automation solutions for life sciences companies, including instrumentation, control systems, and regulatory compliance services.
paciv.com -
PAX Health provides behavioral health services focused on improving mental health access and outcomes.
paxhealth.net -
Puzzle Healthcare provides physiatry-led clinical services and care coordination in skilled nursing facilities, improving recovery and reducing hospital readmissions.
puzzlehealthcare.com -
Real Diagnostics is a diagnostic laboratory providing rapid testing for UTIs, toxicology, respiratory conditions, and women’s health.
realdxlabs.com -
Simplified E-Solutions provides waste management and material processing services focused on recycling, resource recovery, and zero-waste-to-landfill programs.
zerowaste-ses.com -
Xevant provides real-time pharmacy benefits analytics that help healthcare organizations reduce costs and improve patient outcomes.
xevant.com
HCAP IV EXITED PORTFOLIO COMPANIES
HCAP Partners V, L.P. Impact Metrics
As of Q4 2025, HCAP V has invested in nineteen companies, with 66% of capital directed to traditionally underserved businesses, i.e. businesses that are either located in a low- to moderate-income census tract or employ a majority low- to moderate-income workforce. The impact metrics on this page and the next illustrate the composition of the portfolio and 2025 job quality results.
JOBS BY INDUSTRY
JOBS BY LMI BREAKDOWN
AVERAGE HOURLY WAGE
PORTFOLIO-WIDE EMPLOYMENT STATISTICS¹
2,029
667
2.0%
1.5
years
Average Monthly Employee Turnover Rate²
Employee Median Tenure
Total Jobs Created Since Investment
Total
Jobs
2025 QUALITY JOBS STATISTICS³
-
1,626
Number of Quality Jobs Across Portfolio
-
85%
Percentage of Quality Jobs Across Portfolio
-
33%
Increase in Quality Jobs Since Investment
-
72%
of 2025 Gainful Jobs Approach™ Goals Completed⁴
EMPLOYEES BY NUMBER OF QUALITY JOB ATTRIBUTES
HCAP V portfolio company employees have a quality job if four or more of the six key attributes of the Gainful Jobs Approach™ are present. See Appendix A for more details.
WORKPLACE PRACTICES AND BENEFITS
-
98%
Eligible for a 401k Plan, Bonus, or Stock Options
-
63%
Eligible for Workforce Skills Training
-
95%
Earning a Living Wage for One Adult
-
91%
Eligible for Paid Time Off
-
83%
Eligible for Health Insurance
¹Total jobs and jobs created reflects data for active companies as of 12/31/2025 and exited companies as of the last period of data collection prior to exit. Average employee turnover rate and employee median tenure reflects data only for active companies as of 12/31/25.
²2025 average portfolio-wide turnover rate among active companies. In comparison, the average monthly U.S. turnover rate in 2025 was 3.3%.
See: https://data.bls.gov/timeseries/JTS000000000000000TSR.
³Quality Jobs Statistics reflect data for active companies as of 12/31/2025 and exited companies as of the last period of data collection prior to exit. 116 international employees are excluded from the analysis given the analysis utilizes U.S benchmarks and job quality criteria.
⁴Reflects data from active companies as of 12/31/25.