Hc2 App State Loan LP is a private equity fund based in Dallas, Texas. According to its most recent Form D, filed Sep 17, 2025, it has sold $1,950,000 of interests to 3 investors since its first sale in Jun 2025. The minimum investment it accepts from an outside investor is $800,000. 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 Doug Conner; HC2 App State Loan GP, LLC; Gabriel Hidalgo.
- Total raised
- $1,950,000Cumulative sales reported on Form D
- Investors
- 3
- First sale
- Jun 13, 2025
- Minimum investment
- $800,000
- 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
- Doug Conner; HC2 App State Loan GP, LLC; Gabriel Hidalgo
- 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 Loan LP
What is the minimum investment for Hc2 App State Loan LP?
According to its latest Form D, filed Sep 17, 2025, the minimum investment Hc2 App State Loan LP accepts from an outside investor is $800,000.
Who can invest in Hc2 App State Loan LP?
Hc2 App State Loan 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 Loan LP raised?
Hc2 App State Loan LP reports $1,950,000 sold from 3 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 Loan LP based?
Hc2 App State Loan LP is based in Dallas, Texas.
When did Hc2 App State Loan LP launch?
Hc2 App State Loan 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 53% of the 1,472 private equity funds based in Texas, and more than 26% of all 9,142 that report sales.