Hancock Park Corporate Income
Hancock Park Corporate Income, Inc. (HPCI) is a non-diversified, closed-end business development company that invests in middle-market companies based in the United States. Rather than acting as a traditional lender, the firm takes a disciplined, credit-based approach to providing financing alternatives for businesses that conventional banks tend to underserve, backing transactions such as recapitalizations and refinancings, management buyouts and LBOs, acquisition financings, shareholder liquidity events, ESOPs, and growth capital.
The company is managed by Orchard First Source Asset Management, LLC, which operates under the OFS Capital brand — an established asset manager and full-service provider of capital and leveraged finance solutions. HPCI cites its adviser’s 25-plus years of experience partnering with middle-market businesses and originating investments through multiple credit cycles, sourced through relationships with financial institutions, private equity sponsors, and investment banks.
HPCI invests primarily in senior secured loans, with the flexibility to structure first lien, second lien, unitranche, and subordinated debt, plus selective equity and warrant positions. Its targets are profitable, privately held U.S. companies with roughly $15–300 million in revenue and $5–50 million of EBITDA, spanning sectors including business services, healthcare and pharmaceutical, capital equipment, transportation, and automotive.