HC2 Capital, LLC

HC2 Capital manages private pooled investment vehicles that invest primarily in real estate and real-estate-related debt and equity. Its funds are offered to accredited and qualified investors — including family offices, endowments, pension plans and other institutional investors — and the firm does not maintain individualized advisory accounts.

The firm focuses on real estate private equity across multifamily, mixed‑use, senior housing, student housing and office sectors, making discretionary investment decisions in accordance with each fund’s governing documents. HC2 and its affiliated relying advisers provide operational services to portfolio projects, such as development and construction management, property management, brokerage and asset management, and investment decisions are reviewed by an internal Investment Committee.

Noteworthy aspects include a vertically integrated structure in which affiliates serve as general partners and provide fee‑bearing services to projects, and the potential for cross‑fund or affiliate lending and side‑by‑side carried interest allocations that are disclosed and overseen via advisory committees and an LPAC. The firm also uses international marketing consultants and documents specific overseas marketing and China travel arrangements in its disclosures, practices that may be less common among similarly sized managers.