Private Equity: HSBC Closes Second Private Equity Fund

https://dailyalts.com/wp-content/uploads/2020/08/hsbc.jpeg

Private Equity: HSBC Closes Second Private Equity Fund

HSBC has raised $260 million for its second Vision Private Equity fund.  Last year, HSBC’s private equity fund closed at $250 million.  The strategy for this fund is to make primary and secondary co-investments.  These investments will be made globally and across various sectors and strategies.  

This private equity fund is part of HSBC’s Vision programme.  The purpose of this programme is to offer clients access to private equity investments.  In the last quarter of 2020, HSBC will launch its next fund.  

In a statement, head of alternative products Steven Ward expressed,  “Strong crop of private equity managers to choose from in this period of lower valuations…During these turbulent times, we have harnessed the fundamental characteristics of private equity such as active management, access to capital and manager skill that allow it as an asset class to provide downside protection.”  

HSBC GAM’s alternative team currently holds $52.6 billion assets under management.  $25.6 billion are in private market funds. 

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2020/09/Splitpay_Press_Header_2232 × 1200.jpg
FinTech: Buy-Now-Pay-Later Lender Affirm Raises $500M
September 18, 2020     FinTech, News

Affirm announced Thursday its raise of $500 million in a G Round led by GIC and Durable Capital Partners LP. Other investors included Lightspeed Venture Partners, Wellington Management Company, Baillie…

https://dailyalts.com/wp-content/uploads/2020/09/workouts-cardio-classes-600x562-1.jpg
Venture Capital: Tonal, The Smart Home Gym Startup, Taps $110M
September 18, 2020     Artificial Intelligence, News, Venture Capital

Tonal, a startup that makes compact, AI-powered, wall-mounted home fitness equipment, announced Thursday its raise of $110 million. Returning investors L Catterton, Sapphire Sport, Shasta Ventures, Mayfield, Evolution Media, and…

https://dailyalts.com/wp-content/uploads/2020/09/CollColl_Villa_Sophia_BoysPlayNice_24-resized-car.jpg
Artificial Intelligence: An AI-Controlled House Built By A Computer Scientist
September 18, 2020     Artificial Intelligence, News, Real Estate

It’s a striking, futuristic residence that commands panoramic views, combines home with a place to work, and is controlled by artificial intelligence having its own data center. Based outside Prague,…

https://dailyalts.com/wp-content/uploads/2020/09/Kraken-image-text2.jpg
Digital Assets: Kraken Digital Exchange Wins U.S. Bank Charter
September 18, 2020     Digital Assets, FinTech, News

The State of Wyoming greenlighted Kraken’s application to form the world’s first Special Purpose Depository Institution (SPDI). Kraken Financial, the new entity, can operate as a fully independent bank and…