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

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)