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 (ASX:HMC) today announces the establishment of a new ASX-listed Digital Infrastructure REIT (ASX:DGT) (DigiCo REIT) which will have an enterprise value of $4.3bn of data centre assets in Australia and the United States.    Upon listing, HMC’s AUM will increase to approximately $17.5bn representing +73% growth in CY24. The fully underwritten IPO will have a $2.746bn market capitalisation and will significantly increase HMC’s recurring funds management revenue base and deliver material transaction revenues in FY25.    Key highlights: 1. HMC will own $500m of DigiCo REIT on completion (~18% of total issued capital) 2. IPO upsized by $100m to $2.746bn following significant demand from institutional cornerstone and retail investors 3. $4bn portfolio with a significant development pipeline in Australia and the United States 4. Portfolio seeded with $2.5bn of strategic operating assets in Australia through the acquisitions of Global Switch Australia and iSeek 5. HMC and DigiCo REIT have entered into agreements for the acquisition of 3 North American enterprise and hyperscale data centres for $1.5bn 6. HMC’s global digital infrastructure platform will be supported by over 100 dedicated professionals and a highly experienced senior management team    HMC Managing Director and CEO, David Di Pilla, said “The establishment of the DigiCo REIT represents another landmark transaction by HMC and demonstrates our ability to build scalable growth platforms via large scale transactions.“    To visit our investor centre or view the DigiCo REIT Prospectus and Product Disclosure Statement, click here https://lnkd.in/gFmR-eyh   Disclaimer: Past performance should not be taken as an indicator of future performance. This general information does not take into account your investment objectives, financial situation or needs.

HMC Capital (ASX:HMC) today announces it has entered into agreements to acquire iseek, a leading Australian co-location data centre operating platform for $400m. The strategic acquisition of iseek is consistent with HMC’s recently announced strategy to establish a Global Digital Infrastructure Platform (DigiCo).    HMC’s strategy to establish the ASX-listed DigiCo REIT by calendar year end remains on track. HMC has now secured $2.5bn of strategic operating assets in Australia and is exclusive due diligence on an additional $1.6bn of data centre assets located within North America, these assets will seed the ASX-listed DigiCo Infrastructure REIT with $4bn+ of AUM.   HMC’s Managing Director and CEO, David Di Pilla said “iseek is a leading colocation data centre platform with a high quality and diverse customer base across government, hyperscale and enterprise customers. This acquisition is also highly complementary to our recent acquisition of Global Switch Australia with a number of benefits including enhanced geographic and customer diversification.”   iseek Chief Executive Officer, Scott Hicks, and Founder & Executive Director, Jason Gomersall, said “We are excited to be partnering with HMC Capital’s DigiCo platform to accelerate iseek’s next phase of growth. A significant portion of the acquisition proceeds will be taken in scrip in the DigiCo Infrastructure REIT IPO which is a testament to our strong conviction in the REIT’s investment strategy and growth runway.” To learn more, visit our investor centre bit.ly/3KTdrPE   Disclaimer: Past performance should not be taken as an indicator of future performance. This general information does not take into account your investment objectives, financial situation or needs.

HMC Capital Partners Fund I (HMCCP or the Fund) as a major shareholder in Sigma Healthcare (Sigma) is pleased to share the ACCC’s decision to not oppose the proposed merger between Sigma and Chemist Warehouse Group.   A review process by the ACCC concluded the merger was unlikely to substantially lessen competition in the pharmacy supply chain. The merger process will now progress to seek both Sigma and Chemist Warehouse Group shareholder approvals, with completion likely to occur during the first half of CY2025.   HMCCP’s significant interest in Sigma was the seed asset for the Fund at inception in August 2022. Since then, HMCCP has been a highly active and supportive shareholder which included helping Sigma to structure and negotiate the proposed merger with Chemist Warehouse Group that was announced in December 2023.    The proposed merger is transformational for Sigma, creating a leading healthcare wholesaler, distributor and retail pharmacy franchisor with an implied market capitalisation post completion in excess of $25bn.    For further information contact invest@hmccapital.com.au or read the statement in full at https://bit.ly/4hvvtpX   Disclaimer: Past performance should not be taken as an indicator of future performance. This general information does not take into account your investment objectives, financial situation or needs. See https://lnkd.in/g3MWMasB for more information on HMC Capital Partners Fund I. David Di Pilla Victoria Hardie Tim Koroknay

HMC Capital (ASX.HMC) today announced key initiatives to establish a global digital infrastructure platform comprising the global DigiCo Infrastructure REIT (DigiCo REIT) intended to be listed on the ASX alongside a new institutional Unlisted Fund.    HMC has agreed terms to acquire 100% of Global Switch Australia for $1.937bn, a highly strategic 26MW colocation data centre located in Sydney CBD, offering a significant growth opportunity with a large scale development pipeline. This will be the seed asset for the Global DigiCo Platform along with multiple other assets, predominately based in the United States, which are currently under exclusive due diligence.    To underwrite this acquisition, HMC is undertaking a $300m fully underwritten institutional placement, at an issue price of $8.75 per share. Placement proceeds are intended to deliver 20%+ ROIC target from new funds management and co-investment income in the medium term.    HMC Managing Director and CEO, David Di Pilla, said “Digital infrastructure represents a major funds management growth opportunity for HMC and we believe the establishment of both a listed and unlisted vehicle will enable HMC to take advantage of high quality acquisition opportunities across the value chain to generate attractive risk adjusted returns."    To learn more, visit our investor centre https://lnkd.in/gFmR-eyh

Today, Green Gravity announced they have successfully closed their AU$9m Series A funding round and we're thrilled to be investing alongside BlueScopeX, HMC Capital and Sumisho Coal Australia Holdings (a wholly owned subsidiary of Sumitomo Corporation). The transition to renewable energy sources is arguably one of the most pressing challenges of our time. By repurposing legacy mineshafts for utility-scale, long-duration energy storage, Green Gravity not only provides a solution to the energy storage problem but also revitalises dormant industrial infrastructure and helps revitalise the environment. Here's more about why we invested in Green Gravity: https://lnkd.in/gCK5Y5P9 Marny Reakes Ashwath Sundaresan #venturecapital #cleantech #renewableenergy

HMC Capital has released the September 2024 Quarterly Investor Update, highlighting another strong period for HMC Capital Partners Fund 1, closing up 16% during the quarter. The Fund has generated a 28.4% annualised return since inception to 30 September 2024 (net of fees), outperforming the S&P/ASX 300 Accumulation Index by 15.5% p.a.  The Fund continues to be available for applications on a monthly basis in either of the wholesale or retail strategies. For more information, please contact invest@hmccapital.com.au You can view the full Quarterly Investor Update below or click here to learn more about the fund https://bit.ly/3zOToQ9 David Di Pilla Victoria Hardie Tim Koroknay Disclaimer: Past performance should not be taken as an indicator of future performance. This general information does not take into account your investment objectives, financial situation or needs. See https://lnkd.in/g3MWMasB for more information on the HMC Capital Partners Fund 1, including the information memorandum.

On Friday, HMC Capital had the privilege of welcoming the The Hon. Julia Gillard AC to our Head Office to meet with staff and investors. As Chair of HMC’s Energy Transition Platform, it was inspiring to hear Julia’s insights into the global energy landscape along with the importance of diversity in the workplace. Our group discussion highlighted a continued need for innovative solutions and the power of collective action in driving positive and meaningful change. We thank Julia for her contribution to this crucial dialogue and look forward to continuing the work on the exciting growth opportunities that lie ahead.

HMC Capital (ASX: HMC) today released its results for the full year ended 30 June 2024. HMC delivered a record financial result in FY24. This was underpinned by new revenue streams and significant growth in recurring earnings. Financial highlights: 1) Operating EPS of 37 cents, up 40% on FY23 2) Net cash balance sheet with $1.4bn of available liquidity including liquid assets  3) Assets under management (AUM) of $12.7bn, up 30% on FY23   New Growth Platforms: 1) Established $1.6bn AUM Private Credit platform with the acquisition of Payton Capital 2) Energy Transition platform established and on track to launch new $2bn+ platform in FY25 3) Established Digital Infrastructure platform with the acquisition of North American business StratCap   HMC Managing Director and CEO, David Di Pilla said “HMC delivered a strong financial result in FY24 with operating EPS up 40%. This is consistent with the annualised growth in earnings achieved since the company listed almost five years ago. The past 12 months has seen HMC establish three major new platforms. HMC is now a truly diversified alternative asset manager with scalable platforms in real estate, private equity, private credit, energy transition and digital infrastructure. We believe that each one of these platforms has the potential to grow beyond $10bn of AUM each over the next five years”.   Outlook: HMC Capital provides DPS guidance of 12.0 cents and is well placed to maintain a strong pre-tax operating EPS growth trajectory supported by five highly scalable and growing platforms. For additional information please refer to the Full Year FY24 results presentation below or visit the investor centre at: bit.ly/3KTdrPE

HomeCo Daily Needs REIT (ASX: HDN) today released its results for the full year ended 30 June 2024 delivering FFO/unit of 8.6 cents and DPU of 8.3 cents in line with guidance.    Today’s result underscores the strong rationale behind HDN’s Model portfolio strategy. Key highlights for the period include;  1) Continued strong operational performance with +4.0% comparable property NOI growth, >99% occupancy and >99% cash rent collections maintained since IPO.  2) Sector leading +6.0% positive releasing spreads underpinned by strategic network of sites located across metropolitan growth corridors.  3) Development pipeline upscaled to >$700m and expected to deliver compelling risk-adjusted returns.  4) Active asset recycling strategy with $420m of traditional LFR asset sales at blended yield ~6% with proceeds partially reinvested into $293m of high quality daily needs assets acquisitions at a ~7% target yield.    HDN CEO Sid Sharma said: “The strong set of FY24 results reflect our strategically located metropolitan assets which have limited exposure to cyclical and discretionary retail expenditure. The strong rental reversion we are achieving demonstrates the inherent value proposition of our real estate, which is predominately leased to leading national and ASX listed tenants.” FY25 guidance has been provided at FFO of 8.8cpu and DPU of 8.5cpu. For additional information please refer to the full year FY24 financial results presentation below or visit the investor centre at: bit.ly/45qI8Dq