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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invesco S&amp;P 500 Low Volatility ETF</name>
        <lei>N/A</lei>
        <title>INVESCO S P 500 LOW VOLATILITY ETF</title>
        <cusip>46138E354</cusip>
        <identifiers>
          <isin value="US46138E3541"/>
          <other otherDesc="Internal" value="46138E354"/>
        </identifiers>
        <balance>403500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>29382870.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>APAX GLOBAL ALPHA LIMITED</name>
        <lei>21380031LQE8CU8NU843</lei>
        <title>APAX GLOBAL ALPHA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GG00BWWYMV85"/>
          <other otherDesc="Internal" value="BWWYMV8"/>
        </identifiers>
        <balance>944057.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.72865000"/>
        <valUSD>1609165.98000000</valUSD>
        <pctVal>0.796299922717</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="MUTUAL FUND"/>
        <issuerCat>RF</issuerCat>
        <invCountry>GG</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State Street Institutional Investment Trust: State Street Institutional Treasury Plus Money Market Fund; Trust</name>
        <lei>N/A</lei>
        <title>STATE STREET INSTITUTIONAL TREASURY PLUS MMKT</title>
        <cusip>85749Q448</cusip>
        <identifiers>
          <isin value="US85749Q4486"/>
          <other otherDesc="Internal" value="85749Q448"/>
        </identifiers>
        <balance>1303076.65000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1303076.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>THE CARLYLE GROUP INC.</name>
        <lei>529900NGGVF94UK6PG95</lei>
        <title>CARLYLE GROUP INC THE</title>
        <cusip>14316J108</cusip>
        <identifiers>
          <isin value="US14316J1088"/>
          <other otherDesc="Internal" value="14316J108"/>
        </identifiers>
        <balance>4190.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>215366.00000000</valUSD>
        <pctVal>0.106574418852</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Partners Group Private Equity Limited</name>
        <lei>54930038LU8RDPFFVJ57</lei>
        <title>PARTNERS GROUP PRIVATE EQUITY LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GG00B28C2R28"/>
          <other otherDesc="Internal" value="B28C2R2"/>
        </identifiers>
        <balance>107607.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84904000"/>
        <valUSD>1231909.03000000</valUSD>
        <pctVal>0.609613351000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="MUTUAL FUND"/>
        <issuerCat>RF</issuerCat>
        <invCountry>GG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BLACKSTONE INC.</name>
        <lei>5299004LW4QWGZUB8Y96</lei>
        <title>BLACKSTONE INC</title>
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        <identifiers>
          <isin value="US09260D1072"/>
          <other otherDesc="Internal" value="09260D107"/>
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        <balance>1310.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>195949.80000000</valUSD>
        <pctVal>0.096966262359</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NB Private Equity Partners Limited</name>
        <lei>213800UJH93NH8IOFQ77</lei>
        <title>NB PRIVATE EQUITY PARTNERS LTD FUND</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GG00B1ZBD492"/>
          <other otherDesc="Internal" value="B28ZZX8"/>
        </identifiers>
        <balance>152000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.72865000"/>
        <valUSD>2970534.55000000</valUSD>
        <pctVal>1.469976659954</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="MUTUAL FUND"/>
        <issuerCat>RF</issuerCat>
        <invCountry>GG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>HC Capital Trust</ncom:nameOfApplicant>
      <ncom:signature>Colette Bergman</ncom:signature>
      <ncom:signerName>Colette Bergman</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
