StratCap Enters Definitive Agreement for Acquisition by HMC Capital

StratCap, LLC (“StratCap”), a leading digital infrastructure asset management company, has announced the execution of a definitive agreement to be acquired by HMC Capital Limited (“HMC”), an Australian Stock Exchange (ASX) listed alternative asset manager renowned for its high conviction and scalable real asset strategies catering to a diverse range of investors. The acquisition, subject to customary closing conditions, is anticipated to finalize in Q2 2024.

“We are excited to integrate StratCap into the HMC Group,” expressed David Di Pilla, Managing Director and CEO of HMC.

The impending acquisition by HMC marks a significant stride for StratCap, ushering in a new chapter of growth and opportunity. Capitalizing on HMC’s robust portfolio of assets under management exceeding AUD$10 billion and bolstered by a team of over 100 investment and asset management professionals, this transaction is poised to accelerate StratCap’s trajectory.

Additionally, the acquisition signifies a pivotal moment for HMC, signaling its expansion into the North American market, while augmenting its digital infrastructure capabilities and access to U.S. retail distribution channels. Mr. Di Pilla further commented, “This acquisition aligns with our strategic vision to establish a large-scale, globally significant, alternative asset management platform. We believe StratCap’s digital infrastructure investment focus can seamlessly integrate with HMC’s existing strategies, creating synergies that drive immediate value for both HMC and StratCap stakeholders.”

Armed with a robust balance sheet boasting AUD$1 billion in liquidity across fund co-investments and undrawn credit facilities, HMC brings substantial resources and expertise to accelerate StratCap’s growth.

Pat Miller, Co-Founder and Managing Partner at StratCap, expressed enthusiasm about the partnership, stating, “HMC Capital is a fast-growing, highly respected investment firm with a proven track record of success, and we look forward to collaborating closely with the HMC team to maximize value for our stakeholders across North America.” Jim Condon, Managing Partner at StratCap, added, “HMC brings significant assets under management, deep investment expertise, substantial experience building large-scale portfolios, and a history of executing large, complex transactions – all of which would be instrumental in accelerating our future growth trajectory.”

Goldman Sachs & Co. LLC served as the exclusive financial advisor to StratCap.

About HMC Capital:

HMC Capital is an ASX-listed alternative asset manager specializing in high conviction and scalable real asset strategies, catering to individuals, institutions, and super funds globally. With a focus on delivering exceptional results by capitalizing on high conviction investment opportunities across sectors exposed to long-term growth trends, HMC is committed to achieving superior outcomes for investors.

About StratCap:

StratCap is a specialized investment management platform dedicated to providing access to dynamic asset classes and seasoned investment professionals. Focused on digital economy assets, with an emphasis on digital infrastructure, sustainability, and technology-centric sectors, StratCap is committed to delivering value through innovative investment strategies.

Forward-Looking Statements:

This press release contains forward-looking statements about future events and expectations, subject to inherent uncertainties. While based on current expectations and assumptions, these statements involve risks and uncertainties. The information provided in this press release is not a guarantee of future performance, and we do not undertake any obligation to update forward-looking statements to reflect subsequent events or circumstances

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