Setting up a global healthcare real estate fund to acquire private hospitals in North America and Europe could be the next big move.
Dealmaking king David Di Pilla has set his sights on taking his alternative asset management platform HMC Capital global after a transformative year that included acquiring the, raising $1.5 billion from investors and launching three unlisted funds in healthcare, last-mile logistics and private equity.
“Tough market conditions play into our hands. We love them. We do great deals in tough markets,” he told analysts after HMC beat analysts’ forecasts to deliver operating earnings of $82.1 million or 26.4¢ per share.
A global reweighting of portfolios away from the office market was also driving up demand, he said, and that capital was being recycled into sectors such as healthcare.
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