Just out of curiousity, is Hicks, Muse, Tate and Furst (aka HM Capital) half of what it used to be now that Lion Capital is the spin-off? Is HM Capital still a legit shop, or did most people jump to Lion? Anyone know the story behind this?
I know Tom Hicks just raised a 500mm SPAC, is this seen as a good move for the fund or a sign of desperation because they can't raise?
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Pretty sure no one left HMTF for Lion Capital. The company was formerly "Hicks Muse - Europe", so there wasn't really any overlap. I believe HM Capital's current fund size is ~$1.6 bn and their next fund will be more like $1.0 bn. As I understand it, HM's more recent funds have gotten progressively smaller because Tom Hicks left - it has nothing to do with Lion Capital.
To your second question: Tom Hicks no longer has ties to HM - I believe he is running a fund called "Hicks Holdings" now.
Thanks for clearing that up. I do recall now that Hicks left HMTF, which was shortly before (and the precursor to?) the name change to HM Capital. Did HMTF have a "key players" clause in their PPM that included Tom Hicks? Have they already begun fund-raising?
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