Hg Capital Management, Llc
- Regulatory AUM
- $1.2B
- Discretionary
- $1.2B
- Clients
- 6
- Avg AUM / client
- $202M
- Accounts
- 6
- Employees
- 14
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 25, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 6 | $1.2B | 100.0% |
Private funds (4)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $806M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Heritage Healthcare Innovation Fund Iii, Lp | Venture Capital Fund | Delaware | $417M | 69 |
| Heritage Healthcare Innovation Fund Ii, Lp | Venture Capital Fund | Delaware | $334M | 37 |
| Heritage Healthcare Innovation Fund, Lp | Venture Capital Fund | Delaware | $38.9M | 25 |
| Heritage Group Monogram Holdings, Lp | Venture Capital Fund | Delaware | $15.9M | 13 |
People (6)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Mcclellan, David, Gray | Partner | Jan 2011 (16y) | ≈ 37.5% – 75% via Heritage Group Llc | |
| Morphis, Rock, Anthony | Partner | Jan 2011 (16y) | ≈ 37.5% – 75% via Heritage Group Llc | |
| Young, Jason, Frederick | Chief Financial Officer And Chief Compliance Officer | Mar 2020 (6y) | Less than 5% | |
| Bland, Jesse, Alexander | Partner Hg Capital Management Iii, Llc | Sep 2020 (6y) | 10% – 25% | |
| Grzebien, Lauren, A. | Partner Hg Capital Management Iii, Llc | Sep 2020 (6y) | 10% – 25% | |
| Hunter, Graham, Lambert | Partner Hg Capital Management Iii, Llc | Sep 2020 (6y) | 10% – 25% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Heritage Group Llc | Holding Company | Jan 2011 | A | 75% or more |
Estimated effective ownership (look-through of filed bands):
- Mcclellan, David, Gray: 50% – 75% of Heritage Group Llc × 75% – 100% direct ≈ 37.5% – 75% of the firm
- Morphis, Rock, Anthony: 50% – 75% of Heritage Group Llc × 75% – 100% direct ≈ 37.5% – 75% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (4, $806M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Heritage Healthcare Innovation Fund Iii, Lp | Venture Capital Fund | $417M | $1.0M | 69 |
| Heritage Healthcare Innovation Fund Ii, Lp | Venture Capital Fund | $334M | $1.0M | 37 |
| Heritage Healthcare Innovation Fund, Lp | Venture Capital Fund | $38.9M | $1.0M | 25 |
| Heritage Group Monogram Holdings, Lp | Venture Capital Fund | $15.9M | $10.0K | 13 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/25/2026 | 2.56 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 25, 2026.
View current Form ADV (SEC/IAPD) ↗