Speaking at the Macquarie Australia Conference on Tuesday, CEO David Di Pilla said the firm aims to increase AUM from the current $18.5 billion to more than $50 billion, driven by scalable platforms and targeted sector expansion.
“Each vertical has the ability to scale beyond $10 billion-plus, with a focus on unlisted (institutional and wholesale) capital to drive future growth,” the presentation delivered by Di Pilla, and filed with the ASX, reads.
In real estate, HMC plans to grow its funds under management (FUM) from $10 billion to over $20 billion by launching three new “unlisted daily needs retail funds”. According to the firm’s ASX listing, the anticipated interest rate easing cycle would support fund growth, with the evolving mix of listed and unlisted capital seen as a key enabler.
In private equity, the firm expects to lift FUM from $0.5 billion to over $2 billion, supported by fundraising efforts for its HMCCP Fund II.
Digital infrastructure is projected to double from $5 billion to $10 billion, buoyed by strong leasing momentum across its Australian colocation platform and new capital partnerships to accelerate growth across DigiCo assets.
The fastest-growing vertical is expected to be energy transition, with FUM forecast to climb from $1 billion to $5 billion within three years, and to $10 billion over five years.
Private credit, currently at $2 billion, is also targeted to grow to $5 billion in three years and $10 billion in five years through unlisted capital sourced from institutional and wholesale investors.
The ambitious target was first flagged at HMC Capital’s AGM in November 2024, where the firm outlined its goal to reach $50 billion in AUM over the next three to five years – implying a compound annual growth rate of 23 per cent over five years or 42 per cent over three.
At the time, Di Pilla, said: “We believe this target is highly achievable with each of the platforms exposed to high growth megatrends in sectors with deep and broad investment opportunities. Each of our platforms can be scaled to at least $10 billion each over the next five years.”
