The Partnership's investment activities and operations are led by four partners out of the Los Angeles office. These individuals are supported by two additional investment professionals, an in-house general counsel, and a vice president of finance, all located in Los Angeles. In late 2006, HPA established a Houston, Texas office with two new investment professionals to expand the capacity and geographic footprint of the firm, while also increasing portfolio monitoring capabilities.
HPA is currently investing out of Hancock Park Capital III, L.P., a $256 million institutional fund, which was established in 2005 with the objective of providing attractive returns for our partners through focused investments in smaller companies. This fund followed Hancock Park Capital II, L.P., our first institutional fund of $156 million, raised during 2002.