HMC Capital receives $1.3b private credit institutional mandates
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The news: HMC Capital has secured $1.35 billion in funding across two new institutional private credit mandates that are seeking exposure to the Australian commercial real estate (CRE) lending market.
The context: These mandates have been established with $375 million in seed assets and include a total funding capacity of up to $1.35 billion, marking an increase from the initial $1 billion of assets under management (AUM) previously disclosed.
HMC’s private credit platform AUM is projected to increase to approximately $3.3 billion, which will provide $1 billion in cash reserves heading into FY27.
The mandates aim to introduce long-term institutional capital to HMC’s platform, supporting growth in AUM and recurring funds management earnings.
What they said: “Introducing institutional capital is a major step in building a larger and more diversified private credit platform that can capitalise on Australia’s growing CRE private market opportunity,” CEO David Di Pilla said.
The source: ASX
