HSBC Asset Management (HSBC AM) is to launch the seventh private equity fund in it Vision Private Equity programme that started in 2019.
The Vision Private Equity 2025 Fund will launch in November 2024 and follows the close of Vision Private Equity 2024 in June 2024 that raised US$403.2 million.
The fund offers investors access to global private equity opportunities through a single vintage institutional-style discretionary portfolio hat is tdiversified by geography, sector and strategy, the firm said.
The investment process spans primary funds, secondary, and co-investment deals. The inclusion of secondaries and co-investments have generated “encouraging early performance” for prior vintages and, in combination with HSBC AM’s large commitment programmes, offers potential for lower fees.
Since its inception in 2019, HSBC AM’s annual Vision Private Equity programme has raised $2.3 billion in aggregated capital commitments from international investors, including institutional investors and clients of HSBC’s private bank.
William Benjamin, head of indirect alternatives at HSBC AM, said: “Private equity markets have been growing more optimistic in recent months, with deal activity improving and performance dispersion widening as the tailwinds of recent years continue to calm. We aim to tap into this opportunity, deploying our private markets capabilities to offer investors access to diversified global private equity opportunities.”
HSBC AM’s alternatives business has combined assets under management and advice of $71.1 billion, as of 30 June.
