Hark Capital Closes on $645 Million in Capital Commitments for Fund IV

Core Insights - Hark Capital IV has successfully closed with $645 million in capital commitments, significantly exceeding its target of $500 million, marking a strong interest from both existing and new investors [6] - The total capital commitments for Fund IV represent a more than 60% increase compared to Fund III and approximately 220% compared to Fund II [1] Company Overview - Hark Capital specializes in providing Net Asset Value (NAV) loans to lower middle market private equity and growth equity funds, as well as their portfolio companies and management companies [2] - The firm focuses on non-dilutive loans that supply growth and support capital, aiming to deliver attractive risk-adjusted returns for its limited partners [2] - Since its inception in 2013, Hark has deployed over $1.5 billion across more than 125 platform and add-on investments [8] Market Position - Hark Capital is recognized as a pioneer in NAV lending, addressing a critical need in the lower middle market, particularly in the current environment of higher interest rates which has increased demand for NAV loans [7] - The firm has established a differentiated network and proven track record, positioning itself to drive deal flow and launch additional funds in the future [7] - P10, Inc., the parent company of Hark, is a leading provider of private markets solutions with a global investor base of over 3,600 investors across 50 states and 60 countries [6]