# HC Private Investments

HC Private Investments is a Multi Family Office based in Chicago, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** 444 West Lake Street, Suite 1700, Chicago, IL 60606, United States
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** hcprivateinvest.com
- **LinkedIn:** https://www.linkedin.com/company/hc-private-investments-llc/

## Regulatory record

- **CRD number:** 337451
- **SEC file number:** 802-134231
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/337451

## About

HC Private Investments was founded in 2016 by John P. Kelly and Matthew J. Moran. Joseph Niciforo, Chairman and CEO of HC Technologies, serves as a founding member and sits on the investment committee. The firm deploys capital generated by the Chicago trading business into direct equity positions. HC Private Investments targets buyouts and growth equity in consumer and industrial manufacturing. It deploys direct co-investments and private credit alongside private equity structures. Confirmed holdings include Prince Industries, Epicurean Butter, QEI, and Artisan Bakery. The firm has executed platform acquisitions such as Snackwerks and Speciality Bakers and sold Springboard Manufacturing to Currier Plastics. All activity remains within North America. The firm maintains a Chicago headquarters and no additional offices. Its core team includes five named professionals who serve on portfolio boards. Joseph Niciforo also oversees hedge fund seeding activities at HC Technologies with offices in New York and London. No philanthropic vehicles or club memberships are disclosed. HC Private Investments operates without external fund commitments or carried-interest timelines. Each investment receives a pre-close Value Creation Plan built with operating executives who may assume board or interim management roles. This structure allows recapitalizations that preserve family ownership while removing growth impediments.

## Sectors

- Industrial Tech
- AgriTech & FoodTech
- Healthcare Services
- Robotics & Automation
- Digital Health
- Energy Transition & Renewables
- Mobility & Transportation

## People

- John P. Kelly — Founding Partner
- Matthew J. Moran — Founding Partner
- Joseph Niciforo — Founding Member and Investment Committee
- Kelsey Lawrie — Executive Advisor Partners Program Lead
- Ryan Sullivan — Operations Lead

## Questions

### Who runs investment decisions at HC Private Investments?

Joseph Niciforo, John P. Kelly, and Matthew J. Moran form the investment committee. Kelly and Moran evaluate opportunities and serve on portfolio boards. Niciforo provides capital allocation oversight from his role at HC Technologies.

### How does HC Private Investments source proprietary deal flow?

The firm works directly with owner-operators and family businesses seeking retirement or generational transitions. Executive advisors and operating partners generate introductions through industry networks in manufacturing sectors.

### Does HC Private Investments participate in fund commitments or only direct deals?

HC Private Investments executes only direct co-investments and SPVs. It avoids commitments to third-party private equity funds.

### What investment stages does HC Private Investments typically target?

The firm focuses on buyouts and growth equity in lower-middle-market companies. Transactions range from full ownership changes to recapitalizations that retain family stakes.

### How is HC Private Investments related to HC Technologies?

HC Private Investments serves as the direct investment arm that deploys a portion of capital generated by HC Technologies trading operations.

### What is HC Private Investments known posture on co-investments alongside external GPs?

The firm does not commit to external funds and instead leads or co-leads direct investments. It structures each transaction independently with management teams.

## Related profiles

- [HCIG](https://altss.com/profile/hcig)
- [Hector Ventures](https://altss.com/profile/hector-ventures-yde-family-office)

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Last updated: 2026-06-03T20:00:00.000Z

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