Founded in 2011 and headquartered in Chicago, Hughes & Company primarily invests in lower middle market healthcare software and technology-enabled service companies. They aim to create substantial value through revenue and EBITDA growth, working closely with their portfolio companies to accelerate growth, expand margins, and enhance customer value propositions. Their investment range typically falls between $10 million and $50 million, with a preference for startups that are 11-15 years old. Cloud computing and finance are among the popular industries they invest in. The majority of their investments are in the United States, aligning with the country of their foundation. Notable sponsors for the fund include SilverStream Capital, Milestone Partners, and ABS Capital Partners.