Macquarie Conference Presentation

Key points

• $50bn AUM target remains on track, underpinned by strong balance sheet and capital base
• Diversified business with multiple growth drivers across 5 key verticals
• Confident in ability to execute large, complex transactions and generate outsized returns

Full summary

HMC Capital (ASX: HMC) presented at the 2025 Macquarie Australia Conference, reiterating its ambition to grow AUM to $50bn+ over the next 3-5 years. The company highlighted that its $50bn AUM target remains on track, underpinned by a strong balance sheet with $675m of committed funding lines and sufficient co-investment capital already committed across its five key verticals: Real Estate, Private Equity, Digital Infrastructure, Energy Transition, and Private Credit. HMC's point of difference is its ability to execute large, complex transactions, which has underpinned its rapid FUM growth and track record of generating outsized returns for investors. The company is confident in its ability to continue reinvesting earnings into these high-growth verticals, which are exposed to strong global megatrends. Key growth drivers include the launch of new unlisted daily needs retail funds, the continued evolution of the listed vs. unlisted capital mix, and the introduction of capital partners across the Digital Infrastructure and Energy Transition platforms to provide capital for accelerated growth.

Outlook

HMC Capital remains confident in its ability to execute on its $50bn+ AUM target over the next 3-5 years, driven by its diversified business model, strong balance sheet, and track record of delivering outsized returns for investors.