HB Equity Partners, L.P.

About The Fund

HB Equity Partners, L.P., operating under the brand Advance Venture Partners (AVP), is an evergreen venture capital firm that specializes in making long-duration investments in tech and tech-enabled companies. With a flexible evergreen fund structure, they provide patient capital and aim to be long-term strategic partners to their portfolio companies. They invest predominately in sectors such as IT, TMT, Media, Business Solutions, Hardware, Manufacturing, and Logistics. AVP showcases a strong expertise in Equity, with specialties in Expansion and MBO/LBO transactions, reflecting a focus on mature companies looking to grow or undergo ownership transitions. Their investment approach is theme or sector-driven, and they are comfortable investing in both enterprise and consumer end markets. AVP supports innovative founders and operators building disruptive businesses with the potential to change the landscape of their industries. They typically write initial checks ranging from $10 to $25 million for businesses that already have a product in the market, demonstrate evidence of product-market fit, solid fundamentals, compelling growth, and address large end markets. AVP concentrates on industries and verticals where they have built conviction around evolving market trends, actively pursuing investments in areas such as digital health, data platforms, and robotics. In digital health, they focus on platforms that aim to reduce healthcare costs, improve quality and outcomes, and increase access to care. Regarding data platforms, AVP invests in solutions that enhance data sharing and provide actionable insights for better decision-making and business intelligence. In the field of robotics, they recognize converging trends enabling automation solutions to augment human labor at scale, driving economic growth and bridging labor gaps across various industries. AVP's approach intertwines with their partnership with Advance, a family-owned multi-generational holding company that operates media and technology companies, influencing their investment strategy in a synergistic manner. They operate from their headquarters at 170 Grant Avenue, 4th Floor, San Francisco, California, and extend their reach with an additional presence in New York.