HMC Capital Partners Fund I – New Capital Raising Campaign

  • HMC Capital Partners Fund I (the “Fund”) is undertaking a capital raising campaign to raise up to $50 million during June 2024 to provide the Fund with further capacity to invest in new and existing positions
  • The first $50 million in capital raised this month will be eligible for an “Investment Incentive” in the form of a "bonus 2% contribution" where HMC Capital will pay 2% of the issue price for subscribing investors – meaning that subscribing investors only pay 98%
  • Refer to the Investor Letter for further information. For wholesale investors only

Key links

Invest now

If you are a Wholesale Client, you may apply via the general offer link: https://investor.automic.com.au/#/w/hmccp

Contact our Team

invest@hmccapital.com.au

Completed applications, together with cleared application monies, must be received by the trustee of the Fund on or before 5pm AEST on Wednesday 26th June 2024.

Strategic Investment in Lendlease

HMC Capital Partners Fund 1 holds a strategic stake in Lendlease Group (ASX: LLC), an Australian real estate and construction company which operates a fully integrated (i.e. own, develop & manage) model across Australia, Asia, Europe and the Americas.


On 8 August 2023, HMC Capital Partners Fund 1 released a presentation on investee company Lendlease which outlines our investment thesis and views on strategic initiatives to unlock significant value for shareholders.
"While we are supportive of Lendlease’s broad strategic direction, we believe the company needs to take decisive action quickly in order to reverse long-term underperformance and transition to a more focused, high return on equity business,” said HMC Capital Partners Managing Director Victoria Hardie.
"Key priorities include a swift exit or selldown of low returning, capital intensive businesses in order to strengthen the balance sheet, a resetting of development and FUM targets to a more sustainable level, and a greater focus on markets where Lendlease has real competitive advantages."

Click here to view the presentation.

HMC Capital Partners Fund I (Fund), is an Australian-domiciled unlisted fund providing exposure to a high-conviction investment strategy seeking to generate superior risk-adjusted returns. 

The Fund will target public and private companies with real asset backing where there is potential to unlock ‘trapped’ value through improved capital allocation and portfolio management.

The Fund is managed by the same team which led the real estate acquisition of Masters from Woolworths Limited in 2017 and who founded HMC Capital, complemented by additional dedicated and high calibre investment professionals.

This Fund will target our highest conviction ideas and leverage our proven investment track record and skills to generate attractive risk adjusted returns which are non-correlated to equity markets over the long-term

Key Fund Features

Feature Detail
Fund Inception 31 August 2022
Unit Pricing Frequency Monthly
Target Return1 15%+ net IRR per annum measured over a 3 to 5 year holding period.
Target Distribution Yield1 2 to 4% per annum (post the second anniversary of First Close).
Manager Participation HMC Capital has invested $150 million into the Fund.
Portfolio Positions Up to 10 positions in listed investments2
Available to: Investors who meet the definition of a wholesale investor and who have a minimum investment amount of $50,000
Fees Management fee: 1.0% p.a. of NAV
Performance fee: 20% performance fee above 7% p.a. hurdle rate subject to a high-water mark.
Applications Monthly applications with instructions to be sent through 10 business days before month end. 
Redemptions Quarterly on the last business day of Mar, Jun, Sept, and Dec with 90 days' prior notice. Redemptions will be subject to a limit of 5% of the fund units outstanding at the end of each quarter.
  1. Target Return and Target Distribution Yield are net of base management fees and costs but before tax (if applicable) and performance fees. This is only a target and may not be achieved.
  2. The Fund has the flexibility to hold up to 25% unlisted assets should that arise from execution of listed investment value maximization strategy  

The Team

Trustee Board

Fiona Pak-Poy

Fiona Pak-Poy

Independent Trustee Director

Jingmin Qian

Jingmin Qian

Independent Trustee Director

Dr Chris Roberts AO

Dr Chris Roberts AO

Independent Trustee Director

David Di Pilla

David Di Pilla

Trustee Director

Investment committee

Fiona Pak-Poy

Fiona Pak-Poy

Independent Trustee Director

Jingmin Qian

Jingmin Qian

Independent Trustee Director

Dr Chris Roberts AO

Dr Chris Roberts AO

Independent Trustee Director

Chris Saxon

Chris Saxon

Chair HMC Capital

David Di Pilla

David Di Pilla

Chair of Investment Committee

Greg Hayes

Greg Hayes

Non-Executive Director HMC Capital

Management Team

David Di Pilla

David Di Pilla

Managing Director and Group Chief Executive Officer

Victoria Hardie

Victoria Hardie

Managing Director - HMC Capital Partners

Misha Mohl

Misha Mohl

Group Head of Strategy and Investor Relations

Vaughan Anderson

Vaughan Anderson

Risk Management

Jamie Sun

Jamie Sun

Group Corporate Finance Manager

Jourdon Whitfield-Horesh

Jourdon Whitfield-Horesh

Senior Associate

Latest News & Insights

HMC Capital - 1H FY24 Results
ASX Announcement HMC Capital High Conviction Alternatives Fund HMC Capital Partners Fund I HMC Capital Partners Fund

HMC Capital - 1H FY24 Results

HMCCP Fund 1 & HMCC HCAF - January 2024 Update
HMC Capital High Conviction Alternatives Fund HMC Capital Partners Fund I HMC Capital Partners Fund Private Equity

HMCCP Fund 1 & HMCC HCAF - January 2024 Update

HMC Capital Partners Fund I successfully executing strategy and outperforming
ASX Announcement HMC Capital Partners Fund I HMC Capital Partners Fund Private Equity

HMC Capital Partners Fund I successfully executing strategy and outperforming

INSIGHTS | Investing in private vs public equity – can you have the best of both worlds?
Insights HMC Capital High Conviction Alternatives Fund HMC Capital Partners Fund I HMC Capital Partners Fund Private Equity

INSIGHTS | Investing in private vs public equity – can you have the best of both worlds?

Enquiries

Contact us for more information on the fund or how to invest:

Investor Information

1. Link to Automic

If you are a Wholesale Client, you may apply via the general offer link:
https://investor.automic.com.au/#/w/hmccp 

2. Contact our Team

E: invest@hmccapital.com.au