HMC Capital will ride the tailwinds of growing offshore investor appetite for private hospitals and other medical assets and launch a multibillion-dollar global healthcare property fund before the end of the year, managing director and chief executive officer David Di Pilla says.

Mr Di Pilla made this call after the rapidly expanding alternative asset manager closed a $650 million equity raising for its domestic unlisted healthcare and life sciences real estate fund that will hold seven of the 11 Healthscope-operated hospitals HMC Capital acquired in March.