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OUR STORY

EARLY INVESTMENTS
HMC closed its first real estate fund on June 23, 1995 with $50 Since January 1, 2013, HMC’s Regulatory Assets Under Management
million of capital and just three limited partners: U.S. West Pension have nearly tripled — from $2.2 billion to $6.4 billion (as of
Trust, Eli Lilly Pension Trust and Harbert Corporation. Two December 31, 2018).
years later, the firm closed its second investment vehicle: Harbert
Independent Power Fund, with $76 million of capital represented “It’s fair to say,” Harbert continues, “that my stated desire 40 years
by eight limited partners. ago — ‘to be a banker’ — has been realized. I love the investment
process. The underwriting. The application of proper disciplines.
What he lacked in experience during the early days, Harbert And yes, the returns — both financial and experiential — that
made up for in hard work, say current and former colleagues. we enjoy when we do it well.

With the addition of new strategies and funds, the firm enjoyed “The same is true for all of our firm’s investment professionals.
significant growth in the early 2000s. HMC held final closes for Each individual here chose his or her own asset class. It wasn’t
initial funds in Credit Solutions in 2000, European Real Estate assigned to them. Which is why they’re so passionate about what
in 2003, and Growth Equity in 2004 — while also launching a they do, and how they do it. I honestly believe it takes that kind of
number of varied hedge funds. commitment to deliver the returns we all want and expect.

GROWTH AND SUCCESS “We’ve certainly seen our share of challenging times and experiences.
HMC’s post-recession growth accelerated notably in 2013 with But on the whole, I feel very blessed, and very optimistic. My father’s
the addition of European Growth Capital, followed shortly words still ring true today: Ours truly is a story of continuous beginnings.”
thereafter by the 2014 launch of the Discovery Fund — a hedge
fund investing in microcap stocks. In 2015, the firm launched
its Seniors Housing strategy.

Since January 1, 2013, HMC’s Regulatory Assets

Under Management have nearly tripled — from

$2.2 billion to $6.4 billion (as of December 31, 2018).

2015
1997
1995
2014
2002
2000
2003
1993 1995 1997 2000 2002 2003 2013 2014 2015
1993
2013
EUROPEAN
HMC
HMC U.S. REAL ESTATE ATE INFRASTRUCTURE CREDIT SOLUTIONS EUROPEAN GROWTH EUROPEAN DISCOVER SENIORS HOUSING
DISCOVERYY
GROWTH
EUROPEAN
INFRASTRUCTURE
U.S. REAL EST
SENIORS HOUSING
CREDIT SOLUTIONS
GROWTH CAPITAL
is incorporated
is incorporated GROWTH CAPITAL
REAL EST EQUITY
REAL ESTATE ATE
EQUITY
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