Hc2 App State Equity, LP is a private equity fund based in Dallas, Texas. According to its most recent Form D, filed Sep 17, 2025, it has sold $8,100,000 of interests to 36 investors since its first sale in Jun 2025. The minimum investment it accepts from an outside investor is $500,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include James Crigler; Gabriel Hidalgo; Doug Conner.
- Total raised
- $8,100,000Cumulative sales reported on Form D
- Investors
- 36
- First sale
- Jun 13, 2025
- Minimum investment
- $500,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- James Crigler; Gabriel Hidalgo; Doug Conner
- Latest Form D
- Sep 17, 2025
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Hc2 App State Equity, LP
What is the minimum investment for Hc2 App State Equity, LP?
According to its latest Form D, filed Sep 17, 2025, the minimum investment Hc2 App State Equity, LP accepts from an outside investor is $500,000.
Who can invest in Hc2 App State Equity, LP?
Hc2 App State Equity, LP is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has Hc2 App State Equity, LP raised?
Hc2 App State Equity, LP reports $8,100,000 sold from 36 investors on its Form D filed Sep 17, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Hc2 App State Equity, LP based?
Hc2 App State Equity, LP is based in Dallas, Texas.
When did Hc2 App State Equity, LP launch?
Hc2 App State Equity, LP reports its first sale in Jun 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every private equity fund
Raised more than 65% of the 1,472 private equity funds based in Texas, and more than 40% of all 9,142 that report sales.