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Harbert Management Corporation (HMC) is an investment management firm focusing on alternative assets, with approximately $7.9 billion in Regulatory Assets Under Management as of September 30, 2018; asset classes include: U.S. Real Estate, European Real Estate, Seniors Housing, Growth Capital, U.S. Mezzanine Debt, European Growth Capital, Independent Power, Discovery Strategy and Long/Short Equity. HMC is headquartered in Birmingham, AL, USA and has offices in Atlanta, Dallas, Nashville, New York, Richmond, San Francisco, London, Madrid and Paris. HMC and its affiliates make significant co-investments on the same terms as other investors in all their sponsored funds helping ensure a sharp focus on returns and strict controls around fund administration, legal, compliance and reporting. In private equity, Harbert focuses on leveraged buyouts, recapitalizations, expansion capital investments, and select distressed opportunities, seeking to invest in companies which have an enterprise value between $10 million and $100 million, with a particular emphasis on transactions between $20 million and $50 million. In venture capital, Harbert provides growth capital to early stage information technology and healthcare companies in the Mid-Atlantic and Southeastern U.S., typically investing in the first or second institutional rounds, with initial investment amounts between $5 and $10 million. Particular sectors of investment interest include: Information Technology (Communications software and services, Enterprise/ applications software, Communications equipment, Semiconductors, Transaction processing); and Healthcare (Therapeutics, Biotechnology platforms, Diagnostics and medical devices, Healthcare IT, and Healthcare services and outsourcing). The firm's mezzanine capital group typically provides $3 million to $15 million in subordinated debt to companies in need of capital for organic growth, acquisitions, recapitalizations, or management buyouts. Harbert Private Equity provides equity capital to lower middle-market companies in a variety of industries. Harbert Private Equity has raised over $247 million in committed capital and has made 19 platform investments and 21 add-on acquisitions. HMC's investment teams are located in Birmingham, Alabama; New York, New York; Nashville, Tennessee; Richmond, Virginia; Atlanta, Georgia; San Francisco, California; London, United Kingdom; Madrid, Spain; Melbourne, Australia and Paris, France. A single asset equity investment for funds will typically be $50-150 million, representing an asset total value of approximately $100-$500 million including project-level debt.
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