HLM MANAGEMENT CO., LLC
HLM MANAGEMENT CO., LLC is a Series A, Series C+ and growth-equity fund in the US, Israel and Canada writing $5M–$25M checks into Healthcare, healthcare-services, medical-devices and behavioral-health.
- Stages
- Series A, Series C+, growth-equity
- Sectors
- Healthcare, healthcare-services, medical-devices, behavioral-health
- Check size
- $5M–$25M
- Invests in
- US-wide, Israel, Canada
- Actively investing
- Yes
- Founded
- 1983
- Assets under management
- $411.4M
- Website
- hlminvestmentpartners.com
Thesis
HLM Management Co., LLC is a venture capital and growth equity firm with a 40-year exclusive focus on the healthcare sector. They invest in privately held companies within healthcare information technology, services, and medical devices, targeting capital-efficient, patient-centric, and technology-enabled businesses in large, fragmented markets. Their strategy involves providing growth capital for expansion and offering partial liquidity to founders and early shareholders. Key investment themes include expanding access to care, enabling value-based care, advancing behavioral health, improving patient engagement, and addressing provider shortages. HLM acts as a 'first-call partner,' offering hands-on support, strategic guidance, and leveraging an extensive healthcare network. They typically invest $5M-$25M in companies with stable revenue, cash flow, and high margins, often employing flexible investment structures. Their focus on 'venture and expansion-stage emerging growth companies' suggests a preference for Series A through growth equity stages. As of December 31, 2025, HLM managed approximately $411.4 million in AUM across seven private funds. Their geographic focus is primarily the United States, with some investments in Israel and Canada. The firm was founded in 1983 and is legally domiciled in Delaware, United States.
Common questions
Does HLM MANAGEMENT CO., LLC invest at the Series A stage?
Yes. HLM MANAGEMENT CO., LLC lists Series A, Series C+ and growth-equity among the stages it invests in.
What check size does HLM MANAGEMENT CO., LLC write?
HLM MANAGEMENT CO., LLC writes $5M–$25M checks.
Where does HLM MANAGEMENT CO., LLC invest?
HLM MANAGEMENT CO., LLC invests in the US, Israel and Canada.