HCAP Partners Supports Heluna Health Community Fund
HCAP’s contribution will help advance health equity and build community resilience
SAN DIEGO, CA (March 25, 2024) – HCAP Partners LLC, a California-based private equity firm and nationally recognized impact investor, today announced its contribution to a community fund created by Heluna Health, a national nonprofit leader in providing program and support services to optimize population health.
“We are immensely grateful for HCAP's support in helping us tackle the difficult challenges we face in population health,” said Blayne Cutler, MD, PhD, President and CEO of Heluna Health. “We value HCAP’s commitment to helping us drive impact and resilience in the communities we serve.”
HCAP’s donation will support key initiatives such as training the future health workforce with an initial focus on community health workers. These individuals serve as trusted liaisons within their communities and help bridge the empathy gap by connecting with and empowering patients through shared lived experiences.
“HCAP is proud to support the Heluna Health Community Fund,” said Hope Mago, Partner at HCAP and member of the Heluna Health Board of Directors. “Our gift affirms HCAP’s steadfast commitment to protecting, enhancing and promoting community wellbeing, and to uplifting those who have historically been overlooked.”
Heluna Health is leading the effort to eliminate health disparities for people living in vulnerable circumstances. With a legacy spanning more than five decades, they have partnered with nonprofits, community-based organizations, public health agencies, healthcare systems, providers and policymakers to fortify health initiatives and ensure equal access to quality care.
Heluna Health created the Community Fund to further their commitment to improving health equity. The Community Fund plays a vital role in strengthening evidence-based health interventions, promoting fair access to maternal care and nutrition services, expanding the community health workforce, and enhancing disease prevention efforts.
“We are thrilled to contribute to a cause that improves health outcomes and champions health equity,” Mago said. “We’re dedicated to driving meaningful change and fostering a future where everyone has equal access to quality healthcare and support services.”
Together with their partners, Heluna Health has changed millions of lives and significantly moved the needle on population health. Between 2021 and 2022 alone, Heluna Health supported more than 500 projects. These projects span the field of public health, including but not limited to supporting Covid-19 testing administration in private and independent schools, providing doulas with full-time employment including health and retirement benefits, supporting community health workers’ professional development, and more.
About HCAP Partners
HCAP Partners is a diversely owned private equity firm specializing in providing mezzanine debt and private equity for underserved, lower-middle market companies throughout California and the Western United States. The firm seeks to invest $3 million to $25 million in established businesses generating between $10 million and $100 million in revenues in the healthcare, software, services, and manufacturing industries. HCAP Partners has invested in over 60 companies since its founding and through ongoing, active engagement with portfolio companies provides value-added resources to help optimize performance and increase enterprise value. Through its Gainful Jobs Approach™, the firm has been recognized as an Impact Emeritus Manager, a designation awarded by the ImpactAssets to experienced impact funds that have achieved the Impact Assets 50 designation for more than 5 years. In fact, HCAP has been named an ImpactAssets 50 fund since 2014. HCAP works to facilitate a positive impact on underserved businesses, their employees, and their communities through active portfolio engagement. For more information, please visit www.hcap.com/.
About Heluna Health
Heluna Health is a national nonprofit leader in providing program and support services to optimize population health. Through their partnerships and direct service population health programs, Heluna Health is leading the effort to eliminate health disparities for people living in vulnerable circumstances and creating change in systems and policies to improve health outcomes in every community they serve. For more than 50 years, Heluna Health has worked together with nonprofit and community-based organizations, public health agencies, healthcare systems, providers and policymakers to strengthen health interventions and create equitable access to preventive services, primary care, nutrition, housing, early literacy resources and more.