- HomeCo joined the ASX in October 2019
- Has since listed other companies including HDN and HCW
- HMC Capital currently manages over $5 billion of external AUM via HDN and HCW
HomeCo (ASX: HMC) announced yesterday that the company will rebrand to HMC Capital. In a press release, the company said the move follows significant growth in the company.
Since listing on the ASX in October 2019, HMC has also since listed two other REIT companies: HomeCo Daily Needs REIT (ASX: HDN) and HealthCo Healthcare & Wellness REIT (ASX: HCW). It is through these two REITs HMC said it manages over $5 billion in AUM.
“This rebrand is an exciting step in our journey to become a diversified alternative asset manager,” said HMC Capital Group MD and CEO David Di Pilla.
“The proposed establishment of HMC Capital Partners Fund 1 this year will provide another platform to accelerate our growth and take advantage of increased market volatility by targeting unique high conviction investment opportunities.”
“HMC Capital’s point of difference is our demonstrated ability to originate and execute complex, large-scale transactions.
“We now have the necessary capital and broad investor support, team and opportunity universe to substantially grow AUM to beyond $10 billion, which is well ahead of our 2024 stated target.”
HMC Capital said that existing REITs HomeCo Daily Needs REIT and HealthCo Healthcare & Wellness REIT will retain their current HomeCo branding, with HDN retaining the ticker and orange branding, HCW likewise retaining the ticker and red branding.
HMC Capital will also retain the HMC ticker.
