[Skip to main content](/content/podcasts/travis-pritchett#main/index.html) Your web browser is out of date. Update your browser for more security, speed and the best experience on this site. [Update your browser](http://outdatedbrowser.com/) Click for sound Posted Mar 3, 2026 # How Mid-Sized Alternative Managers Compete in the Age of Scale [Contact us](/content/learn-more/index.html) - [Find us on LinkedIn](https://www.linkedin.com/company/juniper-square) - [Find us on Facebook](https://www.facebook.com/junipersquare/) - [Find us on Twitter](https://twitter.com/juniper_square) - [Find us on Youtube](https://www.youtube.com/@JuniperSquare) 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 Megaphone Embeddable Player The Distribution by Juniper Square How Mid-Sized Alternative Managers Compete in the Age of Scale - Travis Pritchett - CEO @ HMC 00:00:00 Forward 15 seconds Back 15 seconds 00:00:00 [Save to Spotify](https://open.spotify.com/show/5ysEwoATUSEiol96NZgR8L?intent=1 "Save to Spotify") Subscribe Description ## Share The Distribution by Juniper Square Share this episode with your friends [Share via Facebook](http://www.facebook.com/sharer.php?quote=%27How+Mid-Sized+Alternative+Managers+Compete+in+the+Age+of+Scale+-+Travis+Pritchett+-+CEO+%40+HMC%27+by+The+Distribution+by+Juniper+Square&u=https%3A%2F%2Fmegaphone.link%2FDTSOS6113497014 "Share via Facebook")[Share via Twitter](https://twitter.com/intent/tweet?text=%27How+Mid-Sized+Alternative+Managers+Compete+in+the+Age+of+Scale+-+Travis+Pritchett+-+CEO+%40+HMC%27+by+The+Distribution+by+Juniper+Square&url=https%3A%2F%2Fmegaphone.link%2FDTSOS6113497014 "Share via Twitter") [Download episode](https://www.podtrac.com/pts/redirect.mp3/pdst.fm/e/traffic.megaphone.fm/DTSOS6113497014.mp3?source=player&updated=1773697281) ## Subscribe to The Distribution by Juniper Square Keep up to date by subscribing to this podcast [](https://feeds.megaphone.fm/the-distribution "Subscribe via RSS") [Subscribe via Apple Podcasts](https://itunes.apple.com/podcast/id1677652734 "Subscribe via Apple Podcasts") [Subscribe via Spotify](https://open.spotify.com/show/5ysEwoATUSEiol96NZgR8L "Subscribe via Spotify") [Subscribe via iHeart](https://www.iheart.com/podcast/268261652 "Subscribe via iHeart") ## Description 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: Links: HMC - [https://www.harbert.net/](https://www.harbert.net/) Travis on LinkedIn - [https://www.linkedin.com/in/travis-pritchett-1343264/](https://www.linkedin.com/in/travis-pritchett-1343264/) Brandon on LinkedIn - [⁠https://www.linkedin.com/in/bsedloff/⁠](https://www.linkedin.com/in/bsedloff/) Juniper Square - [⁠https://www.junipersquare.com/⁠](/content/site-root.html) Topics: (00:00:00) - Intro (00:02:24) - Travis’ background and early career (00:17:37) - Staying 20 years through growth (00:20:45) - HMC today (00:22:55) - Shared services tradeoffs and costs (00:27:27) - AI tailwinds and new competition (00:28:27) - Power investing 201 (00:29:44) - Gas vs renewables cycle (00:31:09) - Where power capital comes from (00:33:31) - Data centers without DC risk (00:36:33) - Value add platform evolution (00:40:07) - US vs Europe opportunity (00:43:54) - Seniors housing strategy shift (00:47:31) - Luxury senior living today (00:52:01) - Generalist versus specialist (00:55:09) - Reimagining with megatrends (00:57:48) - Closing and wrap up Posted Mar 3, 2026 # How Mid-Sized Alternative Managers Compete in the Age of Scale [Contact us](/content/learn-more/index.html) They discuss: Megaphone Embeddable Player The Distribution by Juniper Square How Mid-Sized Alternative Managers Compete in the Age of Scale - Travis Pritchett - CEO @ HMC 00:00:00 Forward 15 seconds Back 15 seconds 00:00:00 [Save to Spotify](https://open.spotify.com/show/5ysEwoATUSEiol96NZgR8L?intent=1 "Save to Spotify") Subscribe Description ## Share The Distribution by Juniper Square Share this episode with your friends [Download episode](https://www.podtrac.com/pts/redirect.mp3/pdst.fm/e/traffic.megaphone.fm/DTSOS6113497014.mp3?source=player&updated=1773697281) ## Subscribe to The Distribution by Juniper Square Keep up to date by subscribing to this podcast ## Description They discuss: Links: HMC - [https://www.harbert.net/](https://www.harbert.net/) Travis on LinkedIn - [https://www.linkedin.com/in/travis-pritchett-1343264/](https://www.linkedin.com/in/travis-pritchett-1343264/) Brandon on LinkedIn - [⁠https://www.linkedin.com/in/bsedloff/⁠](https://www.linkedin.com/in/bsedloff/) Juniper Square - [⁠https://www.junipersquare.com/⁠](/content/site-root.html) Topics: