Harbert Management Corporation
Harbert Management Corporation is an independent, privately held alternative asset manager founded in 1993, managing approximately $8 billion across seven strategies (US and European real estate, power infrastructure, seniors housing, private credit, and growth equity) for institutional investors including pensions, insurers, endowments, foundations, and family offices.
- Company typePrivate
- Founded1993
- HeadquartersBirmingham, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Harbert Management Corporation does
Harbert Management Corporation (HMC) is an independent, privately held alternative asset investment manager founded in 1993 and headquartered in Birmingham, Alabama. The firm manages approximately $8.0-8.1 billion in regulatory assets under management (RAUM) across seven distinct investment strategies: European Real Estate (value-add Western Europe), Power (renewable and thermal infrastructure), Seniors Housing (integrated senior living), South Bay (luxury Class A seniors housing development), US Real Estate (value-add domestic), Credit Solutions (middle market private structured credit), and Growth Equity (late-stage technology and tech-enabled). HMC distributes its funds exclusively through direct institutional sales to pension funds, insurance companies, endowments, foundations, and family offices, with no intermediary or retail channels, and operates from more than a dozen offices across the United States, the United Kingdom, France, Spain, and Luxembourg.
HMC's revenue model is the standard alternative asset manager construct: recurring management fees (industry-typical 1-2% of committed capital) on fund vehicles plus performance fees (15-20% carried interest) on realizations above hurdle rates, with additional co-investment income alongside institutional limited partners. The firm invests its own capital on the same terms as clients, signaling alignment of interests, and its core proprietary technology consists of real-time asset monitoring platforms for infrastructure and real estate portfolio companies plus data-driven deal sourcing systems — domain-specialized tooling rather than general-purpose platforms. The firm is led post-January 1, 2026 by CEO Travis Pritchett (with the firm since 2005) and Executive Chairman Raymond J. Harbert, with key affiliates including SEC-registered Harbert Fund Advisors, Inc., European real estate platform HERE (operating since 2002), and the HERO Foundation (1998) for employee-led charitable work.
HMC's strategic posture in early 2026 reflects active portfolio rotation: HERE has deployed capital into French business parks (JV with DeA Capital Real Estate), UK student housing (Limelight, Liverpool), and a forward-funded Paris business park with Aire Capital Partners, while recycling proceeds from the Elevate Broward industrial sale ($81.5M to Northbridge Partners) and the PULSE Dutch retail portfolio (largest Dutch retail transaction in six years). The firm holds UNPRI signatory status (since 2021), has been recognized by Preqin as a top-performing Americas infrastructure fund manager (2023), and has appeared on Pensions & Investments' Best Places to Work list for seven consecutive years (2019-2025).
Harbert Management Corporation firmographics
Firmographics- Name
- Harbert Management Corporation
- Legal name
- Harbert Management Corporation
- Website
- https://harbert.net
- Company type
- Private
- Founded year
- 1993
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Harbert Management Corporation is an independent, privately held alternative asset manager founded in 1993, managing approximately $8 billion across seven strategies (US and European real estate, power infrastructure, seniors housing, private credit, and growth equity) for institutional investors including pensions, insurers, endowments, foundations, and family offices.
- Ownership category
- akta.pro rank
Harbert Management Corporation industry classification
Industry- Product category
- Alternative Asset Management
- NAICS
- Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Investment Advice (6282), Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Multi-Asset Solutions for Institutional (Pensions/Endowments/Sovereigns) (FSAAAJAJ)
- akta.pro secondary industries
- Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ), Institutional Separate Accounts & SMAs (Mandates) (FSAAAGAL)
Keywords
Where Harbert Management Corporation is headquartered
LocationHeadquarters
- HQ city
- Birmingham
- HQ country
- United States
- HQ region
- North America
Offices6 records
Markets served
Harbert Management Corporation business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Fund Management Fees: Management fees charged on assets under management (AUM) across various fund vehicles - the primary revenue driver for an alternative asset manager
- Performance Fees (Carried Interest): Success fees earned when fund returns exceed specified benchmarks or hurdle rates
- Co-Investment Income: Revenue from co-investing alongside institutional limited partners in individual deals
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Institutional Fund Investment |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Harbert Management Corporation product offering
Product offeringCore offering
Harbert Management Corporation is an alternative asset investment manager offering eight distinct investment strategies across real assets and private capital, including European Real Estate, Power (energy infrastructure), Seniors Housing, South Bay, US Real Estate, Credit Solutions, Growth Equity, and Absolute Return. The firm manages approximately $8 billion in regulatory assets under management, serving institutional investors including pension funds, insurance companies, endowments, foundations, and family offices. Capital commitments are secured through limited partnership agreements, with the firm co-investing its own capital alongside clients on identical terms.
Product overview
Harbert Management Corporation is an alternative asset investment manager offering a diversified portfolio of investment strategies across real assets and private capital. The firm operates seven distinct investment strategies: European Real Estate (value-add Western Europe focus), Power (infrastructure and energy), Seniors Housing (integrated senior living investment), South Bay (seniors housing development), US Real Estate (value-add domestic), Credit Solutions (middle market structured credit), and Growth Equity (late-stage venture and growth). These strategies collectively manage approximately $8 billion in regulatory assets under management, serving institutional investors including pension funds, insurance companies, endowments, foundations, and family offices.
Differentiator
Problem solved
Functional benefit
Brands
- Harbert European Real Estate (HERE): European Real Estate investment platform focused on value-add investing since 2002 across Western Europe
- Harbert Power
- Harbert Seniors Housing
- Harbert South Bay
- US Real Estate
- Harbert Credit Solutions
- Harbert Growth Partners
- Harbert Growth Equity Strategy
Products and services
- European Real Estate
Quantifiable outcome
- UNPRI signatory since 2021 demonstrating commitment to responsible investment practices
- +2 more outcomes
Companies that use Harbert Management Corporation
Customer profileNamed customers5 records
Segments1 record
Ideal customer profiles1 record
Harbert Management Corporation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Harbert Management Corporation partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- Watercrest Senior Living GroupcoreJoint development partnership for seniors housing projects including Watercrest Fredericksburg. Harbert Seniors Housing Fund II partnered with Centric Development and Watercrest for the project. Watercrest provides seniors housing development and operating expertise.
- DeA Capital Real EstatecoreJoint venture partnership for French business parks portfolio. DeA Capital Real Estate is a leading real estate investment manager in Europe, combining with Harbert's capabilities for the French market.
- Aire Capital PartnerscoreParis business park development partnership for joint development initiatives in France. Aire Capital Partners brings local market expertise and development capabilities.
- AxtomminorDeveloper partner for business parks development projects. Axtom specializes in commercial real estate development across France.
- Blacklight Capital PartnersminorSeller in the sale of Liverpool student housing asset HERE. Blacklight Capital Partners divested the asset to HERE Student Housing.
- Homes for StudentsminorOn-site management provider for Limelight student housing property. Homes for Students specializes in student accommodation management.
- Lenora Capital (Brighton Jones)minorCo-general partner relationship for fund management. Lenora Capital (Brighton Jones) partners with Harbert on investment initiatives.
- Momentum Senior LivingcoreOperator for South Bay developments including seniors housing. Momentum Senior Living provides operational expertise for senior living communities.
- CBREminorAdvisory services for Netherlands retail portfolio sale. CBRE acted as adviser for the transaction, providing market expertise and transaction support.
Scale indicators2 records
Recent moves9 records
Expansion highlights5 records
Harbert Management Corporation competitors and assessment
Company assessmentDirect peers
- Sculptor Capital Management: Multi-strategy alternative asset manager with credit, real estate, and multi-strategy funds. Similar institutional LP base and private ownership structure; comparable size to HMC.
- Starwood Capital Group: Privately-held alternative asset manager focused on real estate and real assets with multiple strategies (Opportunity Funds, Property Types, Infrastructure). Comparable to HMC in its multi-strategy real assets orientation and private ownership structure.
- Harrison Street Capital: Alternative asset manager exclusively focused on real assets including real estate, infrastructure, and private credit. Strong direct comparability to HMC's Real Estate, Power, and Credit Solutions strategies. Privately held and similarly sized.
- Centerbridge Partners: Multi-strategy alternative investment firm with private equity and credit strategies. Similar AUM scale to HMC and comparable private ownership model with multi-strategy platform approach.
- Pearlmark Real Estate Partners: Private real estate investment manager focused on value-add equity and debt strategies across US commercial real estate. Closely comparable to HMC's US Real Estate strategy in scale, strategy, and institutional LP focus.
- Kayne Anderson Real Estate: Private real asset manager with senior housing, real estate equity, and real estate credit strategies. Most directly comparable to HMC in its seniors housing focus and middle-market real estate debt and equity strategies.
Broad incumbents
- Ares Management Corporation: Large publicly-traded alternative asset manager with Credit, Real Estate, Private Equity, and Infrastructure strategies. Overlaps with HMC across Credit Solutions, Real Estate, and growth equity, but operates at substantially larger scale (~$450B AUM).
- Oaktree Capital Management: Public alternative asset manager with credit, private equity, real estate, and listed equities strategies. Overlaps with HMC's Credit Solutions and Real Estate strategies; significantly larger scale (~$200B AUM).
- Angelo Gordon (TPG Angelo Gordon): Multi-strategy alternative asset manager with credit, real estate, and absolute return strategies now part of TPG. Direct strategic overlap with HMC's Credit Solutions, Real Estate, and previously Absolute Return funds.
- Brookfield Asset Management: Public mega-cap alternative asset manager with extensive real estate, infrastructure, and renewable power strategies. Overlaps with HMC's Power, Real Estate, and Seniors Housing strategies but at vastly larger scale (~$1T AUM).
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Harbert Management Corporation social profiles
Digital presenceHarbert Management Corporation compliance and trust
Trust signalCompliance4 records
Harbert Management Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Harbert Management Corporation leadership team
Management profileNumber of profiles
Profiles17 records
Harbert Management Corporation subsidiaries and ownership
Company hierarchySubsidiaries5 records
Harbert Management Corporation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Harbert Management Corporation M&A and investment
M&A and investmentM&A1 record
Investments18 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Harbert Management Corporation
What does Harbert Management Corporation do?
Harbert Management Corporation is an alternative asset investment manager offering eight distinct investment strategies across real assets and private capital, including European Real Estate, Power (energy infrastructure), Seniors Housing, South Bay, US Real Estate, Credit Solutions, Growth Equity, and Absolute Return. The firm manages approximately $8 billion in regulatory assets under management, serving institutional investors including pension funds, insurance companies, endowments, foundations, and family offices. Capital commitments are secured through limited partnership agreements, with the firm co-investing its own capital alongside clients on identical terms.
Is Harbert Management Corporation a public or private company?
Harbert Management Corporation is a private company. It is classified as family owned and is currently operating.
When was Harbert Management Corporation founded?
Harbert Management Corporation was founded in 1993. It employs 101 to 250 people.
Where is Harbert Management Corporation based?
Harbert Management Corporation is headquartered in Birmingham, United States, in the North America region.
How does Harbert Management Corporation make money?
Three revenue lines are on record. Fund Management Fees are the primary driver. The others are performance Fees (Carried Interest) and co-Investment Income.
Who are Harbert Management Corporation's main competitors?
Direct peers on record are Sculptor Capital Management, Starwood Capital Group, Harrison Street Capital, Centerbridge Partners, Pearlmark Real Estate Partners and Kayne Anderson Real Estate. Broad incumbents are Ares Management Corporation, Oaktree Capital Management, Angelo Gordon (TPG Angelo Gordon) and Brookfield Asset Management.
Does Harbert Management Corporation have an API?
No public API is recorded for Harbert Management Corporation.
What industry is Harbert Management Corporation in?
Harbert Management Corporation's product category is Alternative Asset Management. Its primary akta.pro industry code is FSAAAJAJ, Multi-Asset Solutions for Institutional (Pensions/Endowments/Sovereigns), with a secondary code of BPAJAMAJ, Real Estate Portfolio & Fund Management (Institutional/REIT/PE). Its NAICS code is 523940 and its SIC code is 6282.