The Distribution by Juniper Square
The Distribution by Juniper Square
Juniper Square
How Mid-Sized Alternative Managers Compete in the Age of Scale - Travis Pritchett - CEO @ HMC
1 hour Posted Mar 3, 2026 at 6:00 am.
) Intro
) Travis’ background and early career
) Staying 20 years through growth
) HMC today
) Shared services tradeoffs and costs
) AI tailwinds and new competition
) Power investing 201
) Gas vs renewables cycle
) Where power capital comes from
) Data centers without DC risk
) Value add platform evolution
) US vs Europe opportunity
) Seniors housing strategy shift
) Luxury senior living today
) Generalist versus specialist
) Reimagining with megatrends
) Closing and wrap up
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1:00:52
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Show notes
In this episode of The Distribution, Brandon Sedloff sits down with Travis Pritchett, CEO of HMC, to unpack his unconventional path into alternatives and the evolution of a middle-market investment firm navigating a rapidly changing private markets landscape. From a biology major and fly-fishing enthusiast to leading an $8 billion global real assets platform, Travis shares the inflection points that shaped his career and the strategic decisions that have defined HMC’s growth. The conversation spans power generation, European value-add real estate, and the modernization of luxury senior housing, all framed by a focus on asset-level execution and long-term mega trends.
They discuss:
How Travis transitioned from banking and fly fishing into real estate private equity and ultimately into HMC’s CEO role
The origins of HMC’s power generation strategy and how the firm is capitalizing on AI and data center demand without taking data center risk
The evolution of the middle-market value add model and why specialization is becoming a competitive necessity
The shift toward luxury, high-amenity senior housing and the demographic forces reshaping the sector
Why Europe may present a multi-year opportunity given rebased valuations, capital flows, and competitive dynamics
Links:
HMC - https://www.harbert.net/
Travis on LinkedIn - https://www.linkedin.com/in/travis-pritchett-1343264/
Brandon on LinkedIn - ⁠https://www.linkedin.com/in/bsedloff/⁠
Juniper Square - ⁠https://www.junipersquare.com/⁠
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