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

Launched in August 2021

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...