Payton Capital Announces Acquisition by ASX Listed HMC Capital

Commercial Real Estate Private Debt Fund Manager, Payton Capital today announced that HMC Capital, a prominent entity listed on the ASX and ranked among the top 200 companies, will be acquiring 100% of the business.

HMC Capital is a leading alternative asset manager, specialising in real estate, private equity, digital infrastructure, and energy transition. HMC Capital manages over $13 billion in assets on behalf of institutional and high net worth investors.

David Payton, Payton Capital CEO, said this transaction will significantly enhance Payton’s market profile and is a reflection of the strong tail winds and growth of Private CRE debt in Australia, a sector which is expected to grow from circa $74 billion to $144 billion over the next five years. The transaction will also ensure Payton continues to provide a deep pipeline of investment offerings to wholesale and sophisticated investors, whilst also offering access to a broader range of lending products for borrowers.

“I am excited about the possibilities that lie ahead for the Payton business. While our primary focus remains on delivering certainty and value for borrowers and investors, this development will enable us to extend our product range and to grow our influence in the Australian Private Credit market,” David Payton said.

“This acquisition not only strengthens our financial position and provides access to a strong balance sheet with associated institutional capital, but it will also empower us to compete in a maturing market and to deliver our future growth aspirations.”

HMC Capital has strong growth plans of its own, and Private Credit is a key component of their corporate strategy.

“HMC Capital expects to build a $5 billion Private Credit platform over the medium term.  We like the DNA that Payton has and together intend to build on that strong foundation to achieve great success in the future,” CEO of HMC Capital, David Di Pilla commented.

As part of the transaction, the Payton Foundation will enter into a broader partnership with HMC Capital in order to enhance the participation from staff and clients and to increase its giving to the most vulnerable people.

“I am so proud that our decision to align with HMC Capital will enable us to solidify the legacy of the Payton Foundation. By joining forces with HMC Capital, we are ensuring the continued growth and longevity of the Foundation’s mission and impact to vulnerable people in Australia and overseas. A heartfelt thank you to everyone who has been part of this journey.” David Payton said.