HMC Capital has secured up to $1.35 billion in new institutional private credit mandates from two global investors. The funding will support the company’s commercial real estate lending business in Australia.
The mandates were launched with around $375 million in seed assets at financial close. HMC Capital expects to deploy the remaining capital during FY27.
Once the capital is fully deployed, HMC Capital expects total assets under management across its private credit platform to reach nearly $3.3 billion. This figure includes a $250 million co-investment from the HMC Capital Private Credit Core Fund.
The company said the additional mandates will provide approximately $1 billion in capital available for deployment during FY27. The funds will be directed toward commercial real estate lending opportunities across Australia.
Chief Executive Officer David Di Pilla said the mandates mark another step in expanding the firm’s private credit operations.
HMC Capital is listed on the Australian Securities Exchange and currently manages around $19 billion in assets across multiple investment strategies, including real estate, infrastructure, energy transition, and private credit.
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