PRIVATE EQUITY
STRUCTURED CAPITAL
HP SCF OVERVIEW
PARTNER LOGIN
ABOUT US
PEOPLE
STRATEGY
INVESTMENTS
NEWS
CONTACT US
Welcome to Harvest Partners Structured Capital. We are a non-control private equity investor.
ABOUT US
Unlike traditional private equity, HP SCF allows entrepreneurs to retain control of their business.
OUR MISSION
HP SCF targets senior equity investments with private equity-like returns. HP SCF strives to achieve protection of principal by:
  • Investing in high quality companies that meet HP SCF’s specific investment criteria
  • Structuring investments to be senior in liquidation preference to a significant amount of underlying enterprise value
  • Obtaining rights, controls and protective covenants that HP SCF believes will further enhance the safety of the principal invested
FOR BUSINESS OWNERS
For business owners and entrepreneurs that need equity capital, HP SCF can provide flexible equity solutions and all of the resources and expertise of a private equity firm.

Unlike traditional private equity, HP SCF allows entrepreneurs to retain control of their business in a structure that is designed to allow HP SCF to exit without forcing a future sale of the business.
OUR HISTORY
HP SCF was founded in 2014 by Harvest Partners LP, a successful private equity firm with a long history of making investments in middle-market companies.

HP SCF is led by an experienced team of investment professionals who have, collectively, over 100 years of private equity investment experience.

HP SCF is actively seeking new investment opportunities.
OUR CAPITAL BASE
HP SCF is currently investing through our managed funds.
OUR INVESTOR BASE
Our investors are critical to our current and future success, and include a diverse group of prominent institutions representing many of the world’s largest private equity investors.

HP SCF’s investment staff makes a substantial sponsor commitment to our investment fund and is an investor in every transaction that we complete through our managed funds.
INVESTMENT TEAM
Joseph J. Hegenbart
Joseph J. Hegenbart
Senior Managing Director
Portfolio Manager - HP SCF
Steven H. Duke
Steven H. Duke
Principal
Sean P. Murphy
Sean P. Murphy
Principal
Caldwell Zimmerman
Caldwell Zimmerman
Associate
April Blackmon Meyer
April Blackmon Meyer
Senior Associate - Marketing
Jerry Chan
Jerry Chan
Associate
LEGAL, FINANCE & ACCOUNTING TEAM
Mark C. Smith
Mark C. Smith
General Counsel / Chief Compliance Officer
Marc Unger
Marc Unger
CFO
Fabia DeCrescenzo
Fabia DeCrescenzo
Controller
Natalie Pambukian
Natalie Pambukian
Assistant Controller
Rose Ahearn
Rose Ahearn
Finance Associate
Jane Steinberg
Jane Steinberg
Accounting & Compliance Administrator
ADMINISTRATIVE SUPPORT
Fortune Tarantola
Fortune Tarantola
Executive Assistant
INVESTMENT PHILOSOPHY
“The vision for HP SCF is to serve entrepreneurs and business owners that need equity capital, but believe deeply in the upside of their business such that they do not wish to dilute or liquidate their ownership.”
Jay Hegenbart
Senior Managing Director, Portfolio Manager - HP SCF
Capital Preservation
HP SCF targets investments with equity-like returns while assuming the risks more characteristic of debt investments. HP SCF will endeavor to achieve protection of principal by:
  • Investing in high quality companies that meet HP SCF’s specific investment criteria
  • Structuring investments to be senior in liquidation preference to a significant amount of underlying enterprise value
  • Obtaining rights, controls and protective covenants that HP SCF believes will further enhance the safety of the principal invested
Unique Value Proposition
For business owners and entrepreneurs that need equity capital, HP SCF can provide flexible equity solutions and all of the resources and expertise of a private equity firm. Unlike traditional private equity, HP SCF allows entrepreneurs to retain control of their business in a structure that allows us to exit without forcing a future sale of the business.
Attractive Risk Return Characteristics
HP SCF intends to target private equity-like returns, but will feature attachment points that provide an equity “cushion” below the HP SCF investment. This structure provides less reliance on terminal value as a driver of return and protection against potential multiple contraction in the future.
LEVERAGING THE RESOURCES OF HARVEST PARTNERS
Access to the Resources of Harvest Partners
HP SCF intends to leverage the knowledge and intellectual capital of Harvest Partners and capitalize on the industry expertise, contacts and proprietary information Harvest Partners has developed over its 30+ year history.
INVESTMENT CRITERIA
Revenue $100 million - $750 million
Enterprise Value $100 million - $750 million
Investment Size $20 million – $75 million
Industries
  • Business Services & Consumer
  • Healthcare Services
  • Industrial Services
  • Manufacturing & Distribution
HP SCF will invest in the same type of high quality companies that Harvest Partners targets as part of its control private equity investment strategy.
TRANSACTION SOURCING
Relationship-Oriented Sourcing
HP SCF has a relationship-oriented direct sourcing effort focused on businesses that do not have a financial sponsor or professional investor. This effort is focused on accessing high quality founder or entrepreneur-owned businesses where an outright sale is not appropriate due to existing shareholders’ desires to retain or increase their ownership.
Seeking Competitive Advantage
While HP SCF does not avoid competitive situations, it will only participate in them if its investment professionals believe that HP SCF either has or can develop a differentiated point of view.
RESOURCES FOR MANAGEMENT
Partnering with Management
A key characteristic of a prospective HP SCF investment is a requirement that the target company have an experienced and high quality management team. HP SCF then partners with that team. When appropriate, HP SCF may offer strategic and operational insights and provides access to all of the resources of a traditional private equity firm to facilitate value creation and equity growth.
Identifying Value Creation Levers
During the due diligence process, HP SCF identifies key drivers of value creation including:
  • Business strategy improvements
  • Transformative acquisitions
  • Operational improvements
Expert Resources and Specialists
In addition to its internal capabilities, HP SCF has access to an extensive network of best-in-class resources including operating, strategic and systems experts. HP SCF can provide access to this network in the event management teams want to engage these resources to support a specific value creation or operational initiative.
Growth through Acquisition
The principals of HP SCF have been successful supporting management teams to make acquisitions that expand or improve addressable markets, product or service offerings or competitive positioning. HP SCF can reserve follow-on capital to support this initiative where appropriate.

Click here to see HP SCF’s investment portfolio.
VALUE CREATION
Plan for Success
HP SCF believes it can be an important advisor to management and other shareholders with respect to value creation initiatives. HP SCF seeks to partner with business owners that respect and value HP SCF’s expertise and counsel and view HP SCF as a value added investor, such that HP SCF can influence and impact the value creation strategy.
Ongoing Interaction
After closing, HP SCF interacts with management, often serving as a valuable resource and / or sounding board for management teams as they navigate the evolution of their businesses and industries.
Click here to see HP SCF’s investment portfolio and related Value Creation approach.
APPROACH TO INVESTMENT LIQUIDITY
Flexible Timetable
We structure our investments such that our managed funds can exit without the sale of the company. In the event that a business is performing on plan and less expensive capital is available, HP SCF will work with management to redeem our managed funds' liquidation preference and / or equity interest to provide a seamless transition for the business owner.

Our investments are also structured with the flexibility to sustain unforeseen downturns in a company’s business or industry.

We are equity investors providing equity solutions. Unlike debt, our investments do not have hard maturities or draconian features. This provides business owners with flexibility around the timing and structure of our exit.
Click here to see HP SCF’s investment portfolio and related approach to investment liquidity.
CURRENT INVESTMENTS
OTG MANAGEMENT
OTG MANAGEMENT
INDUSTRY:
Business Services & Consumer
HEADQUARTERS:
New York, NY
STATUS: Active
DENTAL CARE ALLIANCE
DENTAL CARE ALLIANCE
INDUSTRY:
Healthcare Services
HEADQUARTERS:
Sarasota, FL
STATUS: Active
LAZ PARKING
LAZ PARKING
INDUSTRY:
Business Services & Consumer
HEADQUARTERS:
Hartford, CT
STATUS: Active
ARCTIC GLACIER HOLDINGS
ARCTIC GLACIER HOLDINGS
INDUSTRY:
Business Services & Consumer
HEADQUARTERS:
Montclair, NJ
STATUS: Active
ATHLETICO PHYSICAL THERAPY
ATHLETICO PHYSICAL THERAPY
INDUSTRY:
Healthcare Services
HEADQUARTERS:
Chicago, IL
STATUS: Active
PACKERS HOLDINGS
PACKERS HOLDINGS
INDUSTRY:
Industrial Services
HEADQUARTERS:
Kieler, WI
STATUS: Active
AXELACARE HOLDINGS
AXELACARE HOLDINGS
INDUSTRY:
Healthcare Services
HEADQUARTERS:
Lenexa, KS
STATUS: Realized
Company News
SEPTEMBER 7, 2016
Harvest Partners SCF, LP Announces Investment in OTG Management
JANUARY 11, 2016
Harvest Partners SCF, LP Announces the Hiring of Sean Murphy
SEPTEMBER 22, 2015
Harvest Partners SCF, LP Announces Investment in LAZ Parking
APRIL 27, 2015
Harvest Partners SCF, LP Expands its Team
JANUARY 12, 2015
Harvest Partners Announces the Formation of Harvest Partners SCF, LP
CONTACT
April Blackmon Meyer
Senior Associate - Marketing
(212) 379-9135
Harvest Partners SCF, LP
280 Park Avenue - 25th floor
New York, NY 10017
(212) 599-6300
Directions
For more information please contact
April Blackmon Meyer
(212) 379-9135
Principles for Responsible Investment
As institutional investors, we believe that we have a duty to act in the best long-term interests of our beneficiaries. In this fiduciary role, we believe that environmental, social, and corporate governance (ESG) issues can affect the performance of investment portfolios to varying degrees across companies. We also recognize that weighing these issues in the context of our decision making may better align investors with broader objectives of society.

As such, HP SCF regularly performs environmental due diligence on all portfolio companies and avoids investments in sectors like tobacco, pornography, firearms, etc. In addition, HP SCF conducts significant strategic due diligence on every potential investment. This due diligence generally includes the impact that potential environmental, government, and social issues/trends may have on the ultimate financial performance of an investment. In this due diligence process, HP SCF regularly engages advisors to review and provide comment and analysis on the potential impact of a variety of factors which generally include environmental issues, corporate governance standards, and social trends.
Terms of Use
BY USING THIS WEBSITE, YOU WILL BE DEEMED TO HAVE CONSENTED TO THE FOLLOWING TERMS AND CONDITIONS OF USE WITHOUT LIMITATION OR QUALIFICATION. IF YOU DO NOT AGREE TO THESE TERMS, PLEASE DO NOT USE THIS WEBSITE.
No Offer
The information, tools and material presented in this website are provided to you for informational purposes only and are not intended to be, and should not be used or considered as an offer, recommendation or a solicitation to sell or an offer, recommendation or solicitation to buy or subscribe to any financial instruments or securities or any investment management or advisory services or products. This website does not intend to provide investment, tax or legal advice. HP SCF does not represent that the financial instruments, securities, services or products are suitable or appropriate for all investors. Decisions based on information contained on this website are the sole responsibility of the user. Prior to the execution of any transaction involving information provided by this website, the user should consult its business advisor, attorney, and/or tax and accounting advisors with respect to the price, suitability, value or other aspects of any instrument, securities (including any stock or bond), or other investment. Depending on the user’s specific investment objectives and financial position, the investments discussed on this website may or may not be suitable. It is up to the user to weigh any decision carefully.
Ownership of Content
All text, images, graphics, sounds and software code (“Content”) on the Website are copyrighted property of HP SCF Partners, LP or its affiliates. Such Content may only be used for the personal use of visitors to the website and they may not be placed in the public domain. You may not reproduce, redistribute, publish or otherwise use by electronic or any other means any such Content without our prior written consent.
Trademarks
HP SCF’s logo on this website is a service mark of Harvest Partners SCF, LP. It may not be used or displayed without our prior written consent. All other trademarks, service marks and company names and logos appearing on this website are the property of their respective owners.
Disclaimer of Warranties
Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance. Opinions and/or estimates reflect a judgment at the original date of publication by HP SCF and are subject to change without notice. The price, value of and income from any of portfolio company or the financial instruments or securities mentioned on this website may change over time. ?This website is subject to periodic update and revision. HP SCF reserves the right, in its sole discretion, without any obligation and without any notice, to change, modify or delete the information, materials and descriptions on this website and to suspend or deny access to it. HP SCF may discontinue or change any services or products described on this website at any time. Materials should only be considered current as of the date of initial publication, without regard to the date on which you may access the information.
Limitation of Liability
HP SCF and its affiliates, directors, officers, managers, stockholders, partners, members, agents, advisors and employees shall not be liable for any direct, indirect, incidental, special or consequential damages, resulting from the use or the inability to use this website or any of the services or products mentioned herein; or resulting from any information or services obtained or messages received; or resulting from unauthorized access to or alteration of your transmissions of data, including but not limited to, damages for loss of profits, use, data or other intangible property, even if we have been advised of or possess knowledge of the possibility of such damages. ?Because some jurisdictions do not allow the exclusion or limitation of liability for consequential or incidental damages, in such states liability is limited to the fullest extent permitted by law. ??If you are dissatisfied with any portion of the site, or with any of these terms of use, your sole and exclusive remedy is to discontinue using this site.
Applicable Law
These Terms of Use will be governed by and construed in accordance with the laws of the State of New York, without regard to any principles of conflicts of law that may cause the laws of another jurisdiction to apply. You agree that any action at law or in equity that arises out of or relates to any use of this website will be filed only in the state or federal courts located in New York County and you hereby consent and submit to the personal jurisdiction of such courts for the purposes of litigating any such action.
Contact
For more information, you can contact HP SCF at the numbers provided under the Contact Us section of this website.