California-based private equity firm HFMC Capital LLC's HCAP Partners IV LP reached its hard cap of $150 million at its final close.

The fund was oversubscribed and attracted diverse investors of both existing limited partners from previous funds and new limited partners, including leading foundations, family offices and financial institutions.

The fund will enable HCAP Partners to continue investing in underserved, growth stage companies in the technology, healthcare, services and manufacturing industries, with a focus on in the lower middle market.