HSBC Asset Management closes Private Equity Opportunities II fund at $1bn

Launched in August 2021

clock • 1 min read
HSBC Alternatives CEO Joanna Munro
Image:

HSBC Alternatives CEO Joanna Munro

HSBC Asset Management has closed its second directly-managed secondaries fund, Private Equity Opportunities II, having reached total commitments of more than $1bn.

PE Opps II, which launched in August this year, will be managed by HSBC Alternatives' private equity team and comprises a portfolio of 26 private equity funds and primary capital of $100m for new co-investments. The fund closed in October and comes after the firm's first secondaries fund, Private Equity Opportunities, raised $1.34bn in December 2020. Joanna Munro, CEO of HSBC Alternatives, said that the closing of the second fund is "a clear signal" of how important alternatives are to investors. HSBC AM brings alternatives capabilities together under HSBC Alternatives She added...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Multi-asset

Trustpilot