Investment Strategy
Energy
While HM Capital has invested broadly within the energy sector, the current focus of HM Capital’s energy practice is primarily along the on-shore domestic U.S. natural gas value chain (upstream and midstream).
HM Capital primarily leverages its dual focus on the upstream and midstream segments to identify and execute on opportunities that would be unattractive to other investors. The Firm’s niche strategy allows it to acquire smaller assets often overlooked by the larger aggregators because the assets lack scale or need experienced, often scarce management resources.
Fundamentally, HM Capital strives to balance value creation with capital preservation by seeking companies with (i) organic, volume-based growth opportunities and (ii) new capital projects or strategic acquisitions that will generate returns in varying commodity price environments. By employing a growth-oriented, volume based natural gas investment thesis, the Firm is able to identify investment opportunities with exceptional relative value during times of both high and low commodity prices.
Our Dallas-based team is located in the heart of the U.S. energy industry which facilitates relationships with energy companies and management teams, enabling the Firm to maintain a distinct point of view on energy dynamics.