HMC reaches financial close on Payton acquisition

HMC Capital (ASX: HMC) is pleased to announce the 100% acquisition of Private Credit fund manager, Payton Capital, has now reached financial close.

Payton is a highly scalable business with $1.5bn of Commercial Real Estate loans and is well positioned to organically grow beyond $2-3bn over the medium-term having recently received up to an aggregate of $500m credit approved terms for new fund financing facilities.

Payton represents the first major step in establishing a $5bn+ diversified Private Credit asset management platform over the medium-term under the leadership of Matt Lancaster as Chair of HMC’s Private Credit platform. 

HMC Capital Chair of Private Credit, Matt Lancaster, said: “We are focused on building Australia’s leading private credit platform with a broad-based focus and capability. The private credit market in Australia is still at a very nascent stage of development with significant parallels to what I experienced in the United States over a decade ago. The Payton acquisition provides a strong growth platform in real estate credit and we are now focused on expanding our capability to take advantage of the significant opportunity in corporate credit.”