HMC Capital

HMC Capital (ASX:HMC) is excited to share our new corporate video which captures the significant evolution of our business into a leading ASX-listed alternative asset manager. Our business has rapidly grown through successful fund raising and capital deployment. HMC today manages 5 high conviction growth strategies with diversified sources of capital across both listed and unlisted funds. Visit our website to view our video: https://lnkd.in/gQy2f_4A

HMC Capital is pleased to announce The Hon. Julia Gillard AC as our Chair of HMC Capital’s Energy Transition Fund.    The Energy Transition Fund will be launched over the coming months and will focus on investing in a portfolio of assets across the energy value chain, including wind, solar, battery, bio-fuels and emerging technologies. Fund raising will commence in 2H 2024 and seek to raise up to $2.0 billion from institutional and wholesale investors.   The Hon. Julia Gillard AC, said: ‘I am excited and honoured to be appointed Chair of HMC’s Energy Transition Fund. Its design and HMC’s investment management capabilities will position the Fund to be a genuine driver of Australia’s transition to zero net carbon by 2050. As Prime Minister, I devoted a great deal of my and my governments energy into fighting climate change, and this new role is a continuation of that commitment’.    HMC Capital Managing Director and CEO, David Di Pilla, said: ‘We are absolutely delighted that a person of Julia Gillard’s global standing and experience has agreed to chair our new fund in this sector. She brings deep insights, policy experience and relationships which will be invaluable to HMC as we launch and then grow the Energy Transition Fund.’

As part of HMC Capital’s CommunityCo. initiative, we have established our first major national partnership with the charity organisation Eat Up Australia, following an in-depth social impact assessment across our real estate portfolio. The assessment identified that 1 in 5 children across Australia are suffering from food insecurity, with approximately 3.7m Australian family households also experiencing this within the last 12 months.   Eat Up is dedicated to combating childhood hunger by supplying disadvantaged children with school lunches, delivering more than 25,000 lunches to schools on a weekly basis. Eat Up are not government funded, and rely heavily on donations, partnerships and volunteers to continue as Australia’s only provider of free school lunches on a national scale.    Across our real estate portfolio we have hosted two Eat Up Sandwich Making Sessions, including a workplace session where 782 sandwiches were made and redistributed across local schools to children in need. We look forward to playing our part in helping this great cause by hosting more volunteer sessions, and we hope this will contribute to less children going hungry across the country and in the areas where our assets are located.   If you wish to donate or learn more about Eat Up Australia, please follow the link https://lnkd.in/giFmcDqa

HMC Capital is pleased with the announced transaction of StratCap.    The acquisition expands HMC’s alternative asset management platform into the digital infrastructure sector and represents its entry into the North American market.    David Di Pilla, Managing Director and Group CEO said “Our investment in StratCap is consistent with our strategy to focus on scalable sub-sectors that are underpinned by long-term megatrends. We believe StratCap is a great platform that can be significantly scaled under HMC’s ownership to take advantage of the growth opportunity in this sector. We are excited about the journey ahead.”

As part of HMC Capital’s CommunityCo. initiative, we have established our first major national partnership with the charity organisation Eat Up Australia, following an in-depth social impact assessment across our real estate portfolio. The assessment identified that 1 in 5 children across Australia are suffering from food insecurity, with approximately 3.7m Australian family households also experiencing this within the last 12 months.   Eat Up is dedicated to combating childhood hunger by supplying disadvantaged children with school lunches, delivering more than 25,000 lunches to schools on a weekly basis. Eat Up are not government funded, and rely heavily on donations, partnerships and volunteers to continue as Australia’s only provider of free school lunches on a national scale.    Across our real estate portfolio we have hosted two Eat Up Sandwich Making Sessions, including a workplace session where 782 sandwiches were made and redistributed across local schools to children in need. We look forward to playing our part in helping this great cause by hosting more volunteer sessions, and we hope this will contribute to less children going hungry across the country and in the areas where our assets are located.   If you wish to donate or learn more about Eat Up Australia, please follow the link https://lnkd.in/giFmcDqa

HMC Capital is pleased to announce that it has entered into final documentation to acquire 100% of StratCap LLC (StratCap) for US$28.5m in cash and scrip.    StratCap is a North American based asset manager which specialises in digital infrastructure including data centres and telecom towers. The business has a highly credentialed team of ~50 employees with strong capability in origination, asset management, and retail distribution.   StratCap manages ~A$700m of fee-paying AUM across multiple retail and institutional funds. In addition, StratCap has ~$0.9bn of undrawn capital commitments across multiple institutional mandates. Post completion, StratCap will be fully integrated into HMC and the transaction is expected to be earnings accretive in FY25.   HMC Capital Managing Director and CEO, David Di Pilla, said “This acquisition represents an exciting first step for the HMC group into the digital infrastructure sector and North American market. StratCap gives HMC a major growth platform in a sector which is underpinned by powerful growth megatrends such as digitalisation and artificial intelligence. We have been impressed by the calibre of StratCap’s team and believe the platform can be significantly scaled under HMC’s ownership”   The transaction is expected to close in Q2 CY24 and is conditional on customary regulatory approvals.   For additional information or to view the full announcement, please visit the investor centre: bit.ly/3KTdrPE

Today at HMC Capital, we celebrated International Women’s Day by reflecting on and showing our appreciation for the talented female team at HMC, who represent 50% of the Group. As part of #iwd2024, HMC Capital hosted an afternoon event for the team to reflect on what it means to ‘inspire inclusion’, which is this year's theme. HMC Capital is proud to have an inclusive workplace where everyone is encouraged to reach their full potential whilst feeling a sense of belonging and empowerment.

HMC Capital (ASX: HMC) today released its results for the half year ended 31 December 2023. The strong financial result demonstrates the operating leverage in HMC’s business, significant fund outperformance and strong fundraising momentum. In addition, HMC has today announced a new operating structure which reflects its more diversified business following three new growth initiatives being announced today.   Financial highlights: • Operating EPS of 16.6 cents (+100% on the prior corresponding period)  • Net cash balance sheet with $1.2bn liquidity including liquid assets and debt capacity   Operational highlights: • Funds under management (FUM) of $8.5bn (+37% on 1H FY23) and >$10bn including development pipeline and new growth initiatives • Strong investment returns generated by unlisted funds i) HMC Capital Partners Fund I (HMCCP): 24% IRR since inception  ii) Last Mile Logistics Fund I: 23% IRR since inception iii) Unlisted Healthcare Fund: 15% IRR since inception   New growth initiatives: • Established new Capital Solutions platform led by Robert Vanderzeil to manage strategic balance sheet investments • Establishing new Energy Transition platform to be led by Angela Karl to capitalise on investment opportunity of a generation • Acquiring North American Digital Infrastructure platform (StratCap) for US$28.5m to capitalise on rapidly growing and opportunity rich sector   HMC Managing Director and CEO, David Di Pilla, said “Our first half results are pleasing and reflect the growing momentum across our more diversified platform. I’m particularly proud of the strong performance HMC’s funds are delivering for our investors, which has been achieved in challenging market conditions. Our new divisional structure reflects our continued evolution into a more diversified and increasingly global business. We are incredibly excited about the growth potential we are now embedding into our platform and are confident that this platform can grow FUM well beyond $20bn over the next few years.”   HMC Capital is targeting operating EPS of no less than 33 cents in FY24 and reaffirmed its FY24 dividend guidance of 12 cents per share.  For additional information please refer to the 1H FY24 financial results presentation below or visit the investor centre at: bit.ly/3KTdrPE

HMC Capital (ASX: HMC) is excited to announce the establishment of its new Energy Transition platform which will be led by Angela Karl, who was previously a partner at QIC Global Infrastructure.    Energy Transition is one of the fastest growing sectors in the global private markets landscape offering over ~US$275tn investment opportunities globally over the next 30 years.    Angela brings over 20 years investment and advisory experience within the energy and utilities sector, particularly in energy transition. Prior to joining HMC, Angela was Partner at QIC Global Infrastructure and helped grow their energy and utilities portfolio.    At QIC, she held the following positions Founding Director, Tilt Renewables (2016-2023); Founding Director, Lochard Energy (2015-2022); Founding Director, Epic Energy (2013-2018); Director, Pacific Energy (2021-2023); and Director of PowerCo (2012-2015).    Angela also holds over a decade of M&A advisory experience at both JP Morgan and UBS, where she was the Australasian Head of Energy & Utilities Advisory.   HMC Managing Director and CEO, David Di Pilla, said: “Our new Energy Transition platform will enable HMC to take advantage of one of the most significant investment opportunities of our generation. Angela is ideally placed to lead our energy transition team. She has advised on some of Australia’s largest infrastructure transactions. We are excited to have someone of Angela’s calibre join our team as she can also add significant value across our broader infrastructure and private equity platform.” 

HMC Capital (ASX: HMC) today released its results for the half year ended 31 December 2023. The strong financial result demonstrates the operating leverage in HMC’s business, significant fund outperformance and strong fundraising momentum. In addition, HMC has today announced a new operating structure which reflects its more diversified business following three new growth initiatives being announced today.   Financial highlights: • Operating EPS of 16.6 cents (+100% on the prior corresponding period)  • Net cash balance sheet with $1.2bn liquidity including liquid assets and debt capacity   Operational highlights: • Funds under management (FUM) of $8.5bn (+37% on 1H FY23) and >$10bn including development pipeline and new growth initiatives • Strong investment returns generated by unlisted funds i) HMC Capital Partners Fund I (HMCCP): 24% IRR since inception  ii) Last Mile Logistics Fund I: 23% IRR since inception iii) Unlisted Healthcare Fund: 15% IRR since inception   New growth initiatives: • Established new Capital Solutions platform led by Robert Vanderzeil to manage strategic balance sheet investments • Establishing new Energy Transition platform to be led by Angela Karl to capitalise on investment opportunity of a generation • Acquiring North American Digital Infrastructure platform (StratCap) for US$28.5m to capitalise on rapidly growing and opportunity rich sector   HMC Managing Director and CEO, David Di Pilla, said “Our first half results are pleasing and reflect the growing momentum across our more diversified platform. I’m particularly proud of the strong performance HMC’s funds are delivering for our investors, which has been achieved in challenging market conditions. Our new divisional structure reflects our continued evolution into a more diversified and increasingly global business. We are incredibly excited about the growth potential we are now embedding into our platform and are confident that this platform can grow FUM well beyond $20bn over the next few years.”   HMC Capital is targeting operating EPS of no less than 33 cents in FY24 and reaffirmed its FY24 dividend guidance of 12 cents per share.  For additional information please refer to the 1H FY24 financial results presentation below or visit the investor centre at: bit.ly/3KTdrPE