Harbert Management Corporation
Harbert Management Corporation (HMC) is an investment management firm specializing in alternative assets with approximately $7.8 billion in Regulatory Assets Under Management as of April 30, 2024, headquartered in Birmingham, Alabama.
Company Overview
Harbert Management Corporation (HMC) is an investment management firm specializing in alternative assets. Founded in 1993, HMC's investment strategies span Real Assets, Private Capital, and Absolute Return. With headquarters in Birmingham, Alabama, HMC holds approximately $7.8 billion in Regulatory Assets Under Management as of April 30, 2024. The firm serves a diverse clientele including foundations, endowments, pension funds, and high net worth individuals.
Investment Strategies
HMC employs a variety of investment strategies across three primary categories: Real Assets, Private Capital, and Absolute Return. The Real Assets strategies cover European Real Estate, Infrastructure, South Bay, Seniors Housing, and U.S. Real Estate. The Private Capital strategies include Credit Solutions, Discovery Strategy, and Growth Equity. The Absolute Return strategies encompass Donerail Strategy, Pioneer Strategy, and 6Beacon Strategy.
Global Presence
HMC is headquartered in Birmingham, Alabama, and maintains a global presence with additional offices in major cities including Atlanta, Charlotte, Dallas, Los Angeles, Nashville, New York, Richmond, San Francisco, London, Luxembourg, Madrid, and Paris. This extensive network allows HMC to manage investments on an international scale and stay connected with diverse markets.
ESG Initiatives and HERO Foundation
HMC is committed to environmental, social, and governance (ESG) practices through initiatives such as Sustainable Office Guidelines, energy efficiency projects, and emissions monitoring. Additionally, the HMC HERO Foundation provides direct financial assistance to individuals affected by natural disasters, medical conditions, or temporary financial hardships. Since its inception, the HERO Foundation has awarded approximately 760 grants exceeding $4.9 million.
Notable Infrastructure Investments
HMC's infrastructure portfolio includes significant assets like Desert Sunlight, a 550 MW solar photovoltaic farm in Riverside County, California, and the Rocky Caney Wind Portfolio. These investments have earned GRESB Five Star Ratings for their environmental performance. Notably, the Gulf Pacific Power, LLC was ranked the #1 Americas Diversified Private Equity Infrastructure Fund for the second consecutive year.