Toledo-based capital management for institutions, individuals, and enterprises who value discipline over impulse and patience over speed.
Explore our approach →HNM Growth is the investment division of HNM Investments, LLC, headquartered in Toledo, Ohio. We manage concentrated portfolios for clients who understand that real wealth is built over decades, not quarters.
Our team brings together deep experience in value investing, private credit, real assets, and family office management. We invest alongside our clients — aligning interests, sharing risk, and celebrating returns together.
Markets are noisy. We listen to businesses. We seek out companies with durable competitive advantages, strong balance sheets, and management teams that think like owners. Then we hold on.
We hold 15–25 positions at any time — enough for diversification, few enough that each matters. We know every business we own, inside and out.
Direct lending to growing lower-middle-market companies. Floating rate, secured, and structured for yield with meaningful downside protection.
Agricultural land, timber, and infrastructure investments that provide inflation-linked income and portfolio ballast across cycles.
From initial thesis to final allocation, we follow a repeatable process designed to minimize emotion and maximize conviction.
Fundamental analysis, management interviews, competitive positioning, and scenario modeling. We spend months building conviction before committing capital.
Sizing positions based on risk-adjusted return potential, correlation, and portfolio fit. We never fall in love with a name — only with the thesis.
Ongoing monitoring, engagement with management, and quarterly rebalancing. We sell when the thesis breaks — not because of price volatility.
Whether you're a family office, institutional investor, or high-net-worth individual looking for a better capital partner — we'd welcome the chance to talk.