StratCap to Be Acquired for $28.5 Million by Australian Asset Manager
StratCap LLC, an alternative investment management platform focused on digital infrastructure, announced that it has entered into a definitive agreement to be acquired by HMC Capital (ASX: HMC), an Australian asset manager publicly listed on the Australian Securities Exchange, for $28.5 million in cash and scrip. The pending acquisition is subject to customary closing conditions and is expected to be final in the second quarter of 2024.
HMC is an alternative asset manager with scalable real asset strategies for individuals, institutions, sovereign wealth funds, and pension funds.
Goldman Sachs & Co. LLC acted as financial adviser to StratCap.
Leveraging HMC’s portfolio of assets under management, totaling in excess of $6.5 billion and backed by a team of 100+ investment and asset management professionals, StratCap says the pending transaction is poised to accelerate their growth.
It also marks a milestone for HMC’s expansion into the North American market, adding specialist digital infrastructure capability and access to U.S. retail distribution channels.
“We are excited to integrate StratCap into the HMC Group,” said David Di Pilla, managing director and chief executive officer of HMC. “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.”
With $651.5 million in liquidity across fund co-investments and undrawn credit facilities, HMC brings resources and expertise to accelerate StratCap’s growth.
“HMC Capital is a fast growing, highly respected investment firm with a proven track record of success and we look forward to working closely with the HMC team to further our goal of maximizing value to our stakeholders across North America,” said Pat Miller, co-founder and managing partner at StratCap.
“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,” said Jim Condon, managing partner at StratCap.
Last month, StratCap announced it had expanded its executive leadership team with Katie Peterson as vice president of national accounts and Andre Hatibi as vice president of internal sales.
StratCap is a privately held, global investment management platform committed to providing access to dynamic asset classes and highly experienced investment professionals. The company is focused on a wide range of digital economy assets with an emphasis on digital infrastructure, sustainability, and technology-centric sectors.
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