Harbert Management Corp.: Difference between revisions
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'''Harbert Management Corp.''' ('''HMC''') is a multinational privately-owned investment management company with $8.4 billion in regulatory assets under management. It was founded in [[1993]] by [[Raymond Harbert]], who serves as chairman and CEO. | '''Harbert Management Corp.''' ('''HMC''') is a multinational privately-owned investment management company with $8.4 billion in regulatory assets under management. It was founded in [[1993]] by [[Raymond Harbert]], who serves as chairman and CEO. | ||
It is the parent of [[Harbert Realty Services]]. In addition to its [[Birmingham]] headquarters at the [[Concord Center]], the company has offices in Atlanta, Georgia; Dallas, Texas; Nashville, Tennessee; New York City; Richmond, Virginia; San Francisco and Los Angeles, California; London, England; Luxembourg; Paris, France; and Madrid, Spain. | It is the parent of [[Harbert Realty Services]]. In addition to its current [[Birmingham]] headquarters at the [[Concord Center]], the company has offices in Atlanta, Georgia; Dallas, Texas; Nashville, Tennessee; New York City; Richmond, Virginia; San Francisco and Los Angeles, California; London, England; Luxembourg; Paris, France; and Madrid, Spain. | ||
In [[1998]] Harbert Management Corp. launched the [[HERO Foundation]] to support individuals affected by natural disasters. | In [[1998]] Harbert Management Corp. launched the [[HERO Foundation]], an employee-owned non-profit, to support individuals affected by natural disasters. | ||
In [[2001]] Harbert Management Corp. co-founded Harbinger Capital Partners with Barclays trader Philip Falcone. | In [[2001]] Harbert Management Corp. co-founded Harbinger Capital Partners with Barclays trader Philip Falcone. | ||
In [[2007]] the firm relocated from the [[Harbert Construction headquarters]] at [[1 Riverchase Parkway South]] to the Concord Center in [[downtown Birmingham]]. | |||
In December [[2021]] Harbert Management Corp. acquired a controlling interest in South Bay Partners of Dallas, Texas. | In December [[2021]] Harbert Management Corp. acquired a controlling interest in South Bay Partners of Dallas, Texas. | ||
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* "Harbert Management's HERO Foundation to help storm victims with $500,000 in assistance" (May 25, 2011) {{BN}} | * "Harbert Management's HERO Foundation to help storm victims with $500,000 in assistance" (May 25, 2011) {{BN}} | ||
* Tomberlin, Michael (June 16, 2014) "Birmingham's Harbert Management's latest real estate investment fund exceeds $400 million." {{BN}} | * Tomberlin, Michael (June 16, 2014) "Birmingham's Harbert Management's latest real estate investment fund exceeds $400 million." {{BN}} | ||
* O'Leary, A. J. (March 10, 2022) "HMC names new global head of capital markets." {{BBJ}} | |||
* O'Leary, A. J. (October 10, 2022) "Harbert Management Corp. fund secures $905M in infrastructure investments." {{BBJ}} | * O'Leary, A. J. (October 10, 2022) "Harbert Management Corp. fund secures $905M in infrastructure investments." {{BBJ}} | ||
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[[Category:Harbert]] | [[Category:Harbert]] | ||
[[Category: | [[Category:Private equity firms]] | ||
[[Category:1993 establishments]] | [[Category:1993 establishments]] | ||
[[Category:Riverchase Parkway South]] | |||
[[Category:Concord Center]] | [[Category:Concord Center]] | ||
Latest revision as of 10:02, 15 November 2023
Harbert Management Corp. (HMC) is a multinational privately-owned investment management company with $8.4 billion in regulatory assets under management. It was founded in 1993 by Raymond Harbert, who serves as chairman and CEO.
It is the parent of Harbert Realty Services. In addition to its current Birmingham headquarters at the Concord Center, the company has offices in Atlanta, Georgia; Dallas, Texas; Nashville, Tennessee; New York City; Richmond, Virginia; San Francisco and Los Angeles, California; London, England; Luxembourg; Paris, France; and Madrid, Spain.
In 1998 Harbert Management Corp. launched the HERO Foundation, an employee-owned non-profit, to support individuals affected by natural disasters.
In 2001 Harbert Management Corp. co-founded Harbinger Capital Partners with Barclays trader Philip Falcone.
In 2007 the firm relocated from the Harbert Construction headquarters at 1 Riverchase Parkway South to the Concord Center in downtown Birmingham.
In December 2021 Harbert Management Corp. acquired a controlling interest in South Bay Partners of Dallas, Texas.
Investments
Harbert manages several portfolios, including those focused on the following:
- Asset investments
- U.S. real estate (Harbert Real Estate)
- European real estate
- power generation infrastructure
- senior housing
- Private capital
- equity "mezzanine" lending
- small stock "discovery" lending
- (Harbert Growth Partners)
- Absolute return
- Stoneview Strategy, distressed mid-cap debt investments
- Donerail Group, public equity hedge fund
- Harbert Pioneer, investments in innovation
References
- "Harbert Management's HERO Foundation to help storm victims with $500,000 in assistance" (May 25, 2011) The Birmingham News
- Tomberlin, Michael (June 16, 2014) "Birmingham's Harbert Management's latest real estate investment fund exceeds $400 million." The Birmingham News
- O'Leary, A. J. (March 10, 2022) "HMC names new global head of capital markets." Birmingham Business Journal
- O'Leary, A. J. (October 10, 2022) "Harbert Management Corp. fund secures $905M in infrastructure investments." Birmingham Business Journal
External links
- Harbert Management Corp. website