HMC Capital’s ex-Macquarie banker targets $5b for private credit arm
Aaron WeinmanCorrespondent
HMC Capital wants to build its new private capital outfit into a $5 billion-plus business, joining larger investment firms looking to capitalise on the growth of private credit.
The asset manager will wrap up its acquisition of Melbourne’s Payton Capital next week, after it inked a $100 million capital raise that funded the $127.5 million purchase, according to chairman Matt Lancaster.
Loading...
Aaron Weinman is a correspondent at The Australian Financial Review who covers investment banks, private equity firms and the broader capital markets. Connect with Aaron on Twitter. Email Aaron at aaron.weinman@afr.com
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Financial services
Fetching latest articles