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HMC Capital Limited (ASX:HMC)

ALERT: Price-sensitive ASX Announcement for HMC
Current share price for HMC : $2.890 -0.05 (-1.70%)+
Announcement
Release
29 Jun 2026 8:31AM
Price at Release
$2.940
Full Release
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Summary
HMC Capital Limited announced securing approximately $1.35 billion in funding for new institutional private credit mandates aimed at the Australian Commercial Real Estate (CRE) lending market. This includes $375 million of seed assets and a total funding capacity of $1.35 billion, expected to boost the assets under management (AUM) of HMC's private credit platform to about $3.3 billion. This expansion is poised to enhance fee-earning AUM and recurring funds management earnings through the introduction of long-term institutional capital. The company has invested significantly in creating an institutional grade platform with over 70 investment professionals providing robust in-house capability. The move is seen as a strategic step to capitalize on opportunities in the growing CRE private credit market in Australia.
Key Points
  • ~$1.35bn funding across new institutional private credit mandates.
  • ~A$375m seed loans at financial close with the balance expected in FY27.
  • Increase in fee-earning AUM and recurring funds management earnings.
  • Introduction of long-term institutional capital to expand funding capacity.
  • HMC's private credit platform's AUM expected to grow to ~$3.3 billion.
  • David Di Pilla emphasized the platform's growth and market opportunities.
  • Significant investment in establishing an institutional grade platform.
  • Over 70 investment professionals with in-house capability and governance.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.