HIPstr, the early-stage investment arm of HighPost Capital, LLC (“HighPost”), a leading private investment firm focused on visionary companies at the forefront of consumer behavior and innovative product, service, media and technology sectors, announced the successful close of its debut fund, HIPstr Fund I (“Fund I” or the “Fund”) with $100 million in capital commitments. HIPstr’s investor base is comprised of some of the world’s leading institutions, endowments, family offices, and high net worth individuals.
HIPstr is the early-stage investment arm of HighPost Capital, LLC, a private investment firm wholly owned by HighPost Capital focused on visionary companies at the forefront of consumer behavior and innovative product, service, media and technology sectors where it can hold proprietary insights. Leveraging its experienced team and disciplined approach, HIPstr seeks to partner with founders and entrepreneurs to provide robust financial and strategic guidance, strong consumer industry relationships, deep marketing experience, and the ability to help optimize logistics and supply chain, among other things.
HighPost Capital, LLC (“HighPost”) is a private investment firm based in West Palm Beach focused on visionary companies at the forefront of consumer behavior and innovative product, service, media and technology sectors. Founded by leading private equity fund investor and chief executive, David Moross, and successful marketing innovator, Mark Bezos, HighPost seeks to leverage the respective skills, network and experience of its principals to create long-term value for its portfolio companies. HighPost seeks to identify opportunities with family-controlled and entrepreneur-led companies that share a differentiated approach to value creation.
Proven private equity executive David Moross and marketing leader Mark Bezos launched HIPstr to capitalize on opportunities in early-stage businesses that did not fit the investment criteria of HighPost’s more traditional buyout strategy. HIPstr’s investment team is led by Chairman & CEO Mr. Moross and includes Senior Managing Directors Sol Goldwyn and Steven Himmel. Messrs. Moross, Bezos, Goldwyn, and Himmel serve on HIPstr’s investment committee. To date, HIPstr has led or made Series A investments in the following companies: Closer, Sprinter, Wild Common, EverFence, RAD and After.com.
David Moross, HIPstr’s Chairman and Chief Executive Officer
“We launched HIPstr to capitalize on an attractive market opportunity driven by a reset in early-stage company valuations alongside a structural shift in how entrepreneurs scale companies. By leveraging HighPost’s seasoned team, broad consumer and consumer technology industry experience, and vast network, HIPstr seeks to drive value by partnering with founders to provide strategic capital and guidance on to how to build companies that have achieved a certain level of growth, scale, and profitability,” said David Moross, HIPstr’s Chairman and Chief Executive Officer.
Mr. Moross continued, “We are pleased by the significant support we received for Fund I from our limited partners and thank them for placing their trust in HIPstr. Their backing is a testament to our team’s deep relationships, investment acumen, and strong pipeline. With six companies already in the portfolio, we look forward to continuing to identify highly compelling opportunities for our investors and working with entrepreneurs to help them build and scale their high-growth and capital efficient brands.”
Gibson, Dunn & Crutcher LLP served as legal counsel and Apex Group served as fund formation counsel for HIPstr.
To learn more about HIPsrt, vist www.highpost.com/hipstr