HMC Capital has leveraged our ability to execute large, complex transactions and the team’s depth of operational and investment expertise to deliver unique private-equity style transactions over our history, including the Masters Home Improvement property acquisition that formed the genesis of HMC Capital, and the HMC Capital Partners Fund I.
Following the return of capital to external investors in HMC Capital Partners Fund I in June 2026, HMC Capital continues to hold a number of strategic principal investments on its balance sheet, while selectively exploring deal-specific private equity style investments with co-investors.
The HMC Capital Partners Fund I, which completed the return of capital to external investors in June 2026, delivered a ~17% IRR for unitholders who invested at inception.1.
1. IRR for an investor who elected to take their capital return in cash and in-specie distribution of the Fund’s underlying shares, based on the closing share prices of the relevant shares on the day the shares were distributed to unitholders. IRR is net of fees but prior to the impact of any tax, and includes the $0.805/unit distribution paid in April 2025. Inception date 31 August 2022, return of capital completed 24 June 2026. Past performance should not be taken as an indicator of future performance.
High conviction ideas
Pro-active management
Targeting private equity style returns
Selected Case Studies
Sigma Healthcare
HMC Capital Partners Fund I
