We are thrilled to share that we’ve closed a $65 million financing facility for portfolio companies managed by WM Partners, LP, a middle-market private equity sponsor focused on health and wellness. The facility supports both the refinancing of operating company debt and strategic growth initiatives across select investments from WM’s second fund vintage. #PrivateEquity #MiddleMarket #NAVFinance #NAVFinancing #NAVLoan #FundFinance #DealAnnouncement #GrowthCapital https://lnkd.in/e5U3kYFZ
About us
Founded in 2013, Hark is a pioneer in providing creative, non-dilutive solutions for sponsors and LPs covering multiple stages of the fund lifecycle structured to support clients’ objectives, while keeping the interests of GPs and LPs aligned. Since inception, Hark has deployed over $1.5 billion across 125+ investments. Hark’s flexible, easy to use capital facilities are typically secured by either the unrealized NAV from existing funds or undrawn LP commitments. Hark also provides non-dilutive loans to management companies of sponsors. The loans are based on the sponsor’s committed fee and capital deployed fee streams (management fee, GP commitments, and carried interest). We tailor solutions to meet sponsor’s strategic capital needs including seed capital for new strategies, warehouse deals for new funds, succession planning, and increased vehicle co-investment. Hark Capital was acquired by P10 Holdings, Inc. in September 2021. P10 is a leading, specialized multi-asset class private markets solutions provider, offering a comprehensive suite of niche-oriented private equity (RCP Advisors), private credit (Five Points Capital), venture capital (TrueBridge Capital Partners), and impact investing strategies (Enhanced Capital).
- Website
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http://www.harkcap.com
External link for Hark Capital
- Industry
- Investment Management
- Company size
- 11-50 employees
- Headquarters
- New York, New York
- Type
- Privately Held
- Founded
- 2013
- Specialties
- NAV-Based Loans, Portfolio Financing, Fund Leverage, Bridge Loans, Sponsor Backed Loans , Turnaround Financing, Fund End of Life Loans, NAV Loans, Management Company Loans, GP Financing, NAV Lending, and NAV Finance
Locations
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Primary
Get directions
299 Park Avenue
36th Floor
New York, New York 10171, US
Employees at Hark Capital
Updates
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A great read on the current liquidity market for LPs. Hark Director, Peter Wright, was quoted discussing how NAV solutions present timely and efficient tools for LPs to navigate accessing liquidity. #NAVSolutions #NAVLoans #LP #PrivateCredit #PrivateEquity #NAV #Portfolio #PortfolioFinance
LPs are turning to debt solutions to make up for the distribution drought of recent years. Why? Here are some reasons: 1) They tend to be faster than stake sales and less likely to agitate a GP. 2) These transactions are seen as less risky because of the amount of diversification in the underlying portfolio. 3) An LP generates liquidity through this route, but without letting go of its exposure to the equity, leaving it still to capture any additional upside. All that said, this solution is not a substitute for a stake sale on the secondary market. Instead, its just another solution available to LPs on the expanded menu of options they have these days. Special thanks to Michael Hacker from Carlyle AlpInvest, Gerald Cooper at Campbell Lutyens, Peter Wright at Hark Capital, Patricia Teixeira Wyrwoll at Ropes & Gray LLP, Dane Graham at 17Capital, and Bronwen Jones at Cadwalader, Wickersham & Taft LLP for their insights. This Mergermarket-Creditflux feature was reported alongside my dynamic funds duo of Lisa Fu here in New York and Kezia Kho in London. Read the whole story here and subscribe to keep up to date on all of our funds coverage:
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Hark Capital reposted this
Our session, titled "Liquidity in Today’s Market," explored key challenges in the lower middle market… How is the Q1 2025 deal collapse worsening the lack of liquidity in today’s market? Average holds times are increasing. Interestingly, Bain & Co. reported in 2023 that continuation funds were the largest growing part of the PE market. What does that mean for today’s exit strategies? With fund managers sitting on both the sell-side and the buy-side, what conflicts of interest arise in pricing the assets? How are platforms getting done? What are inherent risks associated with various liquidity options? Thank you to our esteemed panelists. Michael Norton, Director of Business Development, Houlihan Capital, Moderator Ryan McGovern, Managing Director, Star Mountain Capital Darren O'Brien, Managing Director, Private Funds Advisory, Lincoln International Greg Steve, Senior Vice President, Wintrust Commercial Banking Peter Wright, Director, Hark Capital Thank you to our 2025 Sponsors! Forvis Mazars US Hogan Lovells Troutman Pepper Locke LLP Winston & Strawn LLP CohnReznick Ice Miller LLP Polsinelli Robinson+Cole RSM Bass, Berry & Sims Blank Rome LLP Cohen & Co Eversheds Sutherland Foley Hoag LLP Matthews, Carter & Boyce, P.C. Shipman & Goodwin LLP Smith Anderson Smith Brothers Insurance, LLC. Zook Dinon PA Barnes & Thornburg LLP Plante Moran Prairie Capital Advisors, Inc. Vedder Price Starfield & Smith, PC #PrivateEquity #InvestmentStrategy #SmallBusinessInvesting #dealmaking #LowerMiddleMarket #LMMInvesting #LMMPrivateEquity #2025MWDS #2025MidwestDealSummit
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We are excited to announce that Doug Cruikshank, Managing Partner & Founder at Hark Capital, will be speaking at Reed Smith's upcoming panel: "Unlocking Capital in Uncertain Times: Leveraging NAV Facilities for Growth and Deal Success." Doug will join a panel of fund managers, institutional investors, and lenders to explore the evolving role of NAV lending in today’s private investment landscape. Topics will include financing terms, best use cases, governance considerations, and reporting practices. Date: May 29, 2025 Location: Reed Smith Chicago (with a virtual attendance option) Registration: https://lnkd.in/ehdDxVyE #NAVLending #NAVFinance #PrivateEquity #FundFinance #LiquiditySolutions #HarkCapital #ReedSmith
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Hark Capital reposted this
We are excited to announce the successful closing of a $50 million management company financing transaction with a leading middle-market sponsor. The facility provides strategic capital to fund upcoming GP commitments and facilitate an ownership transition. This deal reflects our commitment to delivering flexible and tailored capital solutions that align with the needs of our partners. #PrivateEquity #MiddleMarket #SponsorFinance #DealAnnouncement #GrowthCapital #FundFinance #GPFinancing #ManagementCompanyfinancing
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Peter Wright, Director, will speak at the 2025 SBIA Midwest Deal Summit, which will take place Wednesday, May 28 through Thursday, May 29 at the Four Seasons Hotel in Chicago, Illinois. Please reach out to arrange a meeting. #Secondaries #NAVFinancing #NAVLoans #GPFinancing #GPSolutions #PrivateEquity #FundFinance #PrivateCredit #continuationfund
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Hark Capital reposted this
Happy to announce that I will be speaking on the "Secondaries and NAV Solutions" panel at the 2025 Midwest Deal Summit. During the panel, we will be discussing liquidity in today's market covering continuation funds, lack of exits, and various liquidity options. Please reach out to arrange a meeting. 📍 Four Seasons Hotel, Chicago, IL 📅 May 28-29, 2025 #Secondaries #NAVFinancing #NAVLoans #GPFinancing #GPSolutions #PrivateEquity #FundFinance #PrivateCredit #continuationfunds
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We are excited to announce the successful closing of a $50 million management company financing transaction with a leading middle-market sponsor. The facility provides strategic capital to fund upcoming GP commitments and facilitate an ownership transition. This deal reflects our commitment to delivering flexible and tailored capital solutions that align with the needs of our partners. #PrivateEquity #MiddleMarket #SponsorFinance #DealAnnouncement #GrowthCapital #FundFinance #GPFinancing #ManagementCompanyfinancing
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We are pleased to announce that we are supporting Fusion Connect with an $85 million NAV facility. This partnership will help unlock additional flexibility and growth opportunities for the company. Learn more: https://lnkd.in/ejkEyRev
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Peter Wright, Director, will speak at the 21st Annual McGuireWoods Healthcare Private Equity and Finance Conference next week in Chicago. Please reach out to arrange a meeting. #NAVFinancing #NAVLoans #GPFinancing #GPSolutions #PrivateEquity #Secondaries #FundFinance #PrivateCredit
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