The former UBS investment banker has long had an interest in aged care and hospitals. Now, through his alternative asset management funds, he has increased its stake in Ingenia, the ASX-listed owner, operator and developer of a growing portfolio of Over 55s Land Lease Resorts, Over 55s and All-Age Rental Communities and holiday parks.
HMC manages five growth strategies with diversified sources of capital across both listed and unlisted funds
Ingenia Communities informed the ASX that on 9 February HMC Capital now has 32,617,158 votes, up 5,980,664 from 26,636,514.
HMC Capital has bought stakes in other companies such as real estate group Lendlease and Sigma Healthcare. It paid $1.2 billion for the Healthscope hospital portfolio.
It has been reported that HMC Capital interest is in a potential spin-off of Ingenia Communities’ holiday parks.
Ingenia has 37 holiday parks in prime waterfront locations on major transit routes in NSW, Victoria and Queensland, offering a variety of caravan, camping and cabin accommodation.
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