Key Takeaways
- • HMC Private Credit appointed Steve Tokic as state director for NSW and the ACT and John Bourboulas as state director for Queensland, adding origination capability for institutional-grade commercial real estate lending.
- • The appointments follow the platform securing $1.35 billion in new commercial real estate private credit institutional mandates from investors in North America and Asia.
- • Tokic brings a senior institutional property banking career at ANZ, most recently as managing director at Phoenix Property Investors; Bourboulas has more than 15 years at ANZ's Institutional Property business.
- • HMC Private Credit, formerly Payton Capital and backed by ASX-listed HMC Capital, manages more than $2.3 billion in assets and has deployed more than $8.5 billion in loans since inception.
Summary
HMC Private Credit has appointed Steve Tokic as state director for New South Wales and the Australian Capital Territory, and John Bourboulas as state director for Queensland, according to InvestorDaily. The hires are intended to strengthen the platform's origination capability for institutional-grade commercial real estate lending.
The appointments follow the platform's securing of $1.35 billion in new commercial real estate private credit institutional mandates from investors in North America and Asia. HMC said these mandates increase its funding capacity and its ability to pursue institutional-sized deals that fit its underwriting standards and risk profile.
Tokic joins after a senior career in institutional property banking with ANZ, most recently as managing director at Phoenix Property Investors. Bourboulas has more than 15 years of experience in ANZ's Institutional Property business across Queensland, Western Australia and South Australia. HMC said the pair bring experience across institutional banking, structured lending and commercial real estate debt markets, which it expects to help it pursue larger-scale financing opportunities. Matt Lancaster, chair of the HMC Capital Private Credit platform, said the appointments reflect the business's continued evolution and a focus on building greater institutional-grade origination capability.
HMC said parts of the commercial real estate private credit market are experiencing liquidity pressures and that it sees institutional-grade lenders as well positioned to take advantage of new lending opportunities emerging across the market. The manager cited a governance and risk framework that includes a majority-independent board, enhanced underwriting and risk management capabilities, and independent quarterly oversight from EY, as well as in-house specialists including valuers, construction managers and quantity surveyors.
HMC Private Credit, formerly Payton Capital, is backed by ASX-listed HMC Capital. It has offices in Melbourne, Sydney, Brisbane and the Gold Coast, has deployed more than $8.5 billion in loans since inception, and manages more than $2.3 billion in assets.
The appointments follow the platform's securing of $1.35 billion in new commercial real estate private credit institutional mandates from investors in North America and Asia. HMC said these mandates increase its funding capacity and its ability to pursue institutional-sized deals that fit its underwriting standards and risk profile.
Tokic joins after a senior career in institutional property banking with ANZ, most recently as managing director at Phoenix Property Investors. Bourboulas has more than 15 years of experience in ANZ's Institutional Property business across Queensland, Western Australia and South Australia. HMC said the pair bring experience across institutional banking, structured lending and commercial real estate debt markets, which it expects to help it pursue larger-scale financing opportunities. Matt Lancaster, chair of the HMC Capital Private Credit platform, said the appointments reflect the business's continued evolution and a focus on building greater institutional-grade origination capability.
HMC said parts of the commercial real estate private credit market are experiencing liquidity pressures and that it sees institutional-grade lenders as well positioned to take advantage of new lending opportunities emerging across the market. The manager cited a governance and risk framework that includes a majority-independent board, enhanced underwriting and risk management capabilities, and independent quarterly oversight from EY, as well as in-house specialists including valuers, construction managers and quantity surveyors.
HMC Private Credit, formerly Payton Capital, is backed by ASX-listed HMC Capital. It has offices in Melbourne, Sydney, Brisbane and the Gold Coast, has deployed more than $8.5 billion in loans since inception, and manages more than $2.3 billion in assets.
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