Message from David Di Pilla, CEO, HMC Capital

David Di PillaFrom July 1 2024, Payton Capital will be a wholly owned subsidiary of HMC Capital. Payton is a high quality business and is positioned for significant growth, particularly with the big four banks retreating from commercial real estate.

After over 12 months of due diligence and strategic planning, HMC Capital are excited to launch our private credit platform by way of this acquisition. The growth potential in this sector is significant, with private credit asset managers playing an increasingly critical role in Australia’s $1.2 trillion credit market.

The acquisition of Payton provides HMC with an attractive entry into the private credit sector. This will allow HMC to leverage favourable industry fundamentals and meet the growing investor demand for commercial real estate (CRE) private credit. The non-bank CRE market is experiencing robust growth, supported by the expanding role of private credit asset managers in Australia and the pressing need for new housing supply to accommodate the country’s strong population growth.

The addition of Payton Capital’s expertise and established market presence will enable HMC to capitalise on the ongoing transformation in the financial landscape. By integrating Payton’s operations, HMC can offer enhanced credit solutions and expand into larger and more complex areas of the private credit market, including corporate loans, private equity/LBOs, infrastructure & renewable energy, and structured lending. These areas align with HMC Capital’s strengths in investment banking, M&A, complex structured transactions, and broad business relationships within the Australian corporate sector.

I am confident that this acquisition will accelerate our growth trajectory and signify our intention to become a leading player in the private credit market. We look forward to working closely with the team at Payton Capital to drive continued success and deliver innovative credit solutions to clients.

For more information on HMC Capital, visit their website or contact us.

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