Capital H Group, Human Resources Consulting and Outsourcing Firm, Secures $25 Million Funding Commitment from FTVentures
Chicago, IL – Capital H Group, a rapidly expanding human capital consulting and outsourcing firm, announced today that it has closed a $25 million funding commitment from FTVentures, a private equity firm focused on business services and software companies that provide meaningful solutions to the financial services industry. Capital H Group provides a breadth of services that help companies create value – through their people – for better business results by focusing on the effectiveness of an organization, its executive team and staff, as well as its operations and sales practices.
“This funding marks a very important milestone on our expansion path,” said Dan Weinfurter, CEO of Capital H Group. “In the two and a half years since our first capital raise, we have grown our team to over 130 professionals in six cities and have consulted on people issues with dozens of top companies in a range of industries.” Greg Silich, Capital H Group COO, said “We’re excited about this capital infusion which will allow us to expand into new cities to further build out our national presence while also aggressively pursuing acquisitions to enhance our existing capabilities and round out our full service offering.”
“Capital H Group’s experienced management team has the vision and the proven operating acumen necessary to capitalize on this significant market opportunity in human resources consulting and outsourcing solutions for corporations,” said Chris Winship, FTVentures Principal. “Issues related to human resources management, including recruiting, retention, and compensation, continue to be an important area of focus for the financial services industry; we believe that Capital H Group’s offering will be highly attractive to the FTVentures Global Partner Network, which includes 38 of the world’s leading financial institutions. Capital H’s customized approach and business results orientation, as well as its status as an independent company, make it an appealing alternative to existing competitors.” Capital H Group’s clients include Bank of America, Merrill Lynch Global Commodities, LaSalle Bank Corporation (member of ABN AMRO Group) and International Truck and Engine.
Capital H Group also announced that Richard Garman, FTVentures Managing Partner, and Winship, have joined the Capital H Group Board of Directors. PPM America Capital Partners, an existing institutional investor in the company, will continue to participate on the Board.
Founded in 1998, FTVentures was the first venture capital firm in the U.S. to focus on technologies that benefit the global financial services industry. FTVentures now has over $623 million in total capital under management and is a leading investor in information technologies. FTVentures invests primarily in companies developing products and services in software and business services, with a particular emphasis on companies that enable financial institutions worldwide to expand and to operate more efficiently. FTVentures’ investors are 38 of the world’s largest financial institutions, and are leaders in the innovative deployment of technology and operational solutions. For more information, please visit www.ftventures.com.
About Capital H Group
Capital H Group (www.capitalhgroup.com) is a rapidly growing human capital consulting and outsourcing group, with headquarters in Chicago and operations in Detroit, Houston, Los Angeles, Milwaukee and New York and over 130 professionals recruited from the major firms in the field. Capital H Group helps companies create value – through people – for better business results.
CAPITAL H GROUP
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