HCAP Partners, a California-based private equity firm and nationally recognized impact investor, announced the successful exit of its equity ownership position in Saphyre, Inc., a leading AI-driven fintech platform for pre-trade and post-trade automation. Saphyre recently secured a $70 million growth equity investment led by FTV Capital, marking a new chapter in the company's growth journey.

Founded to modernize the financial industry's most complex pre- and post-trade processes, Saphyre has rapidly expanded its client base across the U.S. and Europe, serving top-tier asset managers, custodians, broker-dealers, and administrators. Its patented AI platform accelerates time-to-trade, reduces operational risk, and delivers seamless client onboarding and lifecycle automation.

HCAP Partners first invested in Saphyre in 2021 as the company's lead institutional investor in a Series A round with J.P. Morgan and BNP Paribas participating in the round. Over the course of the partnership, Saphyre achieved significant milestones, including a dramatic rise in recurring revenue, an expanded leadership team, and a highly engaged board of directors. Through the investment, Saphyre experienced substantial expansion and a significant increase in recurring revenue.

"This marks a major milestone for the Saphyre team, and we're very pleased with the outcome for the company and its shareholders," said Tim Bubnack, Managing Partner at HCAP Partners. "We appreciate the dedication and hard work of Saphyre's employees, leadership team, board of directors, and strategic advisors who contributed to this success. We look forward to seeing Saphyre continue driving innovation in pre- and post-trade operations."

HCAP played a key role in supporting Saphyre's expansion, working closely with the leadership team to strengthen operations, attract top talent, and build a world-class governance structure. Tim Bubnack led the investment and served on Saphyre's Board of Directors, with Chenjing Wang, Senior Associate at HCAP, serving as an observer to the Board.