VC firm
Human Capital
Also known as HC S3A, HC S3A LP, HCM, HCM G, HCM G I, L.P., HCM G II, L.P., HCM G III, L.P., HCM G IV, L.P.
- Investor type
- VC
- Investing status
- Activeas of 2026-09-28Source (opens in a new tab)
- Headquarters
- San Francisco, CA, United States
- Assets under management
- $4.3BForm ADV private fund GAV, as of 2026-08-13Source (opens in a new tab)
- Latest fund size
- $501MForm ADV gross asset value, as of 2023Source (opens in a new tab)
- Funds
- 89
- Legal name
- HUMAN VENTURES LLC
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Record updated 29 September 2026
About
Human Capital is a multi-stage venture capital firm that partners with founders to build and invest in companies, distinguished by also deploying its own in-house talent team to help portfolio companies recruit at scale. Its listed portfolio (companies with both an HCIM-advised fund investment and a talent engagement) spans defense, aerospace, AI, fintech, health, and other 'critical industries,' including SpaceX, Anduril, Neuralink, Snowflake, and xAI.
Investment approach
- Thesis
- Human Capital partners with exceptional founders, deploying capital and building teams of the highest caliber at scale.Source (opens in a new tab)
- Investing status notes
- Legal page describes HCIM as an active SEC-registered adviser with current disclosures and a live SEC ADV filing link; portfolio page lists 2024+ companies.
Funds
- TCM Master LLC - Series 2
- $2.2MVintage 2026, Main fund, SEC amount sold
- TCM Master LLC - Series 1
- $1.8MVintage 2026, Main fund, SEC amount sold
- HCM G IV, L.P.
- Vintage 2026Main fund
- HCM G XI, L.P.
- Vintage 2026Main fund
- HCM S21A LP
- Vintage 2026Main fund
- HCM G VIII, L.P.
- Vintage 2026Main fund
- HCM G XIX, L.P.
- Vintage 2026Main fund
- HCM G XV, L.P.
- Vintage 2026Main fund
- HCM G XX, L.P.
- Vintage 2026Main fund
- HCM S15Aiv LP
- Vintage 2026Main fund
- HCM G IX, L.P.
- Vintage 2026Main fund
- HCM G VI, L.P.
- Vintage 2026Main fund
- More funds
- 77 more recorded
SEC registration
- Registered adviser
- HUMAN CAPITAL INVESTMENT MANAGEMENT LLC
- CRD number
- 296844 (opens in a new tab)
- SEC file number
- 801-119165
- Registration
- SEC registered
- Regulatory AUM
- $4.4Bas of 2026-08-13
- Private funds reported
- 40
- Principal office
- SAN FRANCISCO, CA, United States
- SEC CIK
- 1726020, 1782844, 1799383
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