HMC Capital Secures $1.35bn Private Credit Mandates
Key points
- $1.35bn funding across new institutional private credit mandates
- ~A$375m seed loans at financial close
- Supports growth in fee-earning AUM and recurring funds management earnings
Full summary
HMC Capital Limited (ASX: HMC) announces the establishment of new private credit mandates by two global institutional investors seeking exposure to the Australian Commercial Real Estate (CRE) lending market. These mandates, previously disclosed as over A$1bn of AUM in advanced documentation, are now established with A$375m of seed assets and include total funding capacity of up to A$1.35bn. On full deployment, the AUM of HMC's private credit platform is expected to increase to approximately $3.3 billion, providing $1.0bn of dry powder for deployment in FY27. The mandates introduce long-term institutional capital to the platform and expand available funding capacity, supporting continued growth in fee-earning AUM and recurring funds management earnings.
Guidance
AUM expected to increase to $3.3bn, $1.0bn for FY27
Outlook
The platform is now positioned to originate significantly larger loan opportunities for institutional investors and grow market share.
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