# Hypatia Capital

Hypatia Capital is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2007
- **Assets under management:** Undisclosed
- **Website:** hypatiacapital.com
- **LinkedIn:** https://www.linkedin.com/company/hypatia-capital-group

## Regulatory record

- **CRD number:** 311411
- **SEC file number:** 801-126547
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/311411

## About

Hypatia Capital is an SEC-registered investment adviser in New York, NY, registered since 2022. The firm manages approximately $7 million in regulatory assets. It has 2 employees and 2 investment advisers.

## Sectors

- Enterprise Software
- Diversified Industrials
- Business Services

## People

- Patricia Lizarraga — Managing Partner

## Questions

### Who runs investment decisions at Hypatia Capital?

Patricia Lizarraga is the Managing Partner and sole investment-committee anchor. A Harvard MBA and former investment banker, she founded the firm in 2007 and has since served on the SEC's Investor Advisory Committee. Her investment-committee authority is absolute for a firm of this size and mandate specificity.

### How does Hypatia Capital source proprietary deal flow?

The firm sources through a proprietary network of female operating executives, many of whom are candidates for CEO placements at acquired companies. Founders and intermediaries approach Hypatia specifically because of the female-CEO mandate, creating a sourcing channel that bypasses broad auctions. Lizarraga's SEC advisory role also surfaces relationships with regulated-industry owners considering succession.

### Does Hypatia Capital participate in fund commitments or only direct deals?

Hypatia operates as a direct private equity investor executing platform acquisitions, not as a fund-of-funds or LP allocator. Capital is deployed via closed-end fund structures into control positions. The firm does not co-invest passively alongside other sponsors as a standard practice.

### Which sectors does Hypatia Capital explicitly avoid?

Hypatia has no public exclusion list, but the firm's deal history and mandate focus on business services, light industrials, and enterprise software. Hard-asset-heavy sectors, biotechnology, and consumer retail do not appear in the firm's disclosed track record and are inconsistent with the lower-middle-market buyout profile.

## Related profiles

- [Hyosung Ventures](https://altss.com/profile/hyosung-ventures)
- [Hypax](https://altss.com/profile/hypax)

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

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