Australia's HMC logs best day in 7 weeks as KKR backs $417.7 mln push into energy platform

HMC Capital

05/02/2026 23:27

** Shares of HMC Capital HMC.AX advances as much as 6.70% to A$4.3 in early trading, posting their biggest intraday pct gain since December 19, 2025

** Asset manager says it has entered a partnership under which KKR KKR.N‑managed funds will inject up to A$603 million ($417.70 million) in preferred equity into HMC's Energy Transition Platform

** Deal, backed by KKR’s Global Climate Transition strategy, will help fund battery storage and wind projects critical to grid stability

** KKR will inject an initial A$355 million, with up to A$248 million in follow‑on capital poised to fuel the platform’s 5.7‑gigawatt development pipeline

    ** Move cuts HMC's platform exposure to about A$200 million and clears the way for a A$35 million capital charge in fiscal 2026

** Stock up 7.3% YTD

($1 = 1.4436 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))