Harbert Management Corporation

Harbert Management Corporation
Company typePrivate company
IndustryFinancial services
Investment management
Founded1993; 32 years ago (1993)
HeadquartersConcord Center
Birmingham, Alabama USA
Key people
Raymond J. Harbert (Chairman, CEO),
J. Travis Pritchett (President, COO),
Raymond J. Harbert Jr. (CFO),
John W. McCullough (General Counsel)
ProductsReal estate, Senior housing, Infrastructure, Private credit, Venture capital, Hedge funds
Total assets$8.3 billion AUM (Dec. 2024)
Number of employees
175+
Websitewww.harbert.net

Harbert Management Corporation, based in Birmingham, Alabama, is a U.S. investment management company founded in 1993 by Raymond J. Harbert.[1]

Overview

The company has investment funds in ten alternative asset classes in three areas of concentration: real assets,[2] private capital, and absolute return strategies. The company was previously the majority owner of Harbinger Capital.[1] HMC provided the original funding for Harbinger and its funds. The company also owns Harbert Realty Services.

HMC has offices in Birmingham, Atlanta, Dallas, Nashville, New York, Richmond, San Francisco, London, Luxembourg, Paris, and Madrid.[3]

In 1998, the company established the HERO Foundation, which provides direct financial assistance to help people who have been affected by natural disasters, medical conditions or temporary financial hardships to regain their independence and self-sufficiency.[4]

See also

References

  1. ^ a b Helyar, John (16 May 2012). "Harbert Outperforming Falcone With 11% Return Suffers Asset Drop". Bloomberg.com. Retrieved 7 April 2015.
  2. ^ Tomberlin, Michael (17 June 2014). "Birmingham's Harbert Management's latest real estate investment fund exceeds $400 million". AL.com. Retrieved 7 April 2015.
  3. ^ "Contact".
  4. ^ "Harbert Management's HERO Foundation to help storm victims with $500,000 in assistance". The Birmingham News. 25 May 2011. Retrieved 7 April 2015.