HMI Capital

HMI Capital is an investment management firm based in San Francisco, California, that invests in high-quality businesses with a long-term perspective. The firm strategically focuses on opportunities across the capital structure in both public and private companies, primarily targeting the consumer & business services, financial services, and software & technology sectors, alongside broader interests in internet, media, information services, and logistics. Operating as a hedge fund manager, HMI Capital generates revenue through management and performance fees on its diverse investments, which encompass public equities, credit, value, and distressed opportunities. The firm maintains a focused operational scale, reporting revenue of $5.8 million and employing fewer than 25 individuals. Its investment history includes notable prior holdings such as Blackbaud, Hong Kong International Terminals, and Mitchell International, with its strategy guided by founder and CIO Mick Hellman. HMI Capital was established in late 2008 by Mick Hellman.