HMC Investment Management Limited has launched the HMC Capital Partners Fund I, which will invest in public and private companies in Australia and New Zealand where there is potential to unlock 'trapped' value.
The fund has a high-conviction investment strategy, seeking to generate superior risk-adjusted returns and is for wholesale investors.
"The establishment of HMC Capital Partners Fund I is another important milestone in our mission to become Australia's leading diversified alternative asset manager," HMC Capital chief executive officer and managing director, David Di Pilla, said.
"This fund will leverage our proven investment track record and ability to originate and execute large complex transactions to generate attractive risk-adjusted returns for our investors."
The fund will seek strategic investments in public companies where there is the opportunity to influence change. It will also take full or partial stakes in private companies that require extra capital or access to the experience of HMC's board and network.
The fund is targeting a $500 million first close.