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HMC Capital Secures New Institutional Private Credit Mandates

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HMC Capital (ASX:HMC) said it has secured new private credit mandates from two global institutional investors targeting the Australian commercial real estate lending market, according to a Monday Australian bourse filing.

The mandates, previously reported as exceeding AU$1 billion in assets under management (AUM) under advanced documentation, are now established with AU$375 million in seed assets and a total funding capacity of up to AU$1.35 billion, per the filing.

The company's private credit platform AUM is expected to increase to around AU$3.3 billion upon full deployment, including around AU$1 billion of deployable dry powder in fiscal year 2027, the filing said.

The agreements bring long-term institutional capital to the platform, expanding origination capacity, growing fee-earning AUM, and strengthening recurring management income, the filing added.

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