HSBC Asset Management (HSBC AM) has launched its first evergreen strategy, Horizon Private Equity (‘Horizon’), designed to expand access to private equity opportunities for a wider range of investors.
The firm writes that built on an open-ended structure, Horizon provides investors with continuous exposure to institutional-quality private equity opportunities, while offering greater flexibility than traditional closed-ended strategies through more frequent access to capital, a shorter investment horizon, and a lower entry point.
The strategy focuses primarily on high-conviction secondary and co-investment opportunities, enabling faster capital deployment, broader diversification, and greater liquidity than typical primary structures.
Anchored by HSBC’s institutional capital, Horizon enables investors to access an existing portfolio through a single investment, with exposure to 10,000 underlying companies valued at over USD477 million. The portfolio is globally diversified across vintage and sector, including IT, healthcare, consumer discretionary and financials, amongst others.
Horizon is aimed at eligible private wealth and institutional investors across the UK and Europe, Asia, and the Middle East, and complements the firm’s wider private markets offering, which already includes Vision, its closed-ended annual vintage series across private equity, impact and venture capital. HSBC AM has a long track record of providing private wealth clients with access to alternative asset classes, including through its continued partnership with HSBC Private Bank.
The strategy will be managed by HSBC AM’s Private Markets team, comprised of 31 professionals with an average of 20 years of senior investment experience across Europe, US, and Asia. The team is one of the largest discretionary investors globally in private equity, private credit, infrastructure and venture capital, with capabilities across primary, secondary and co-investments. The Private Markets team sits within Alternative Solutions, a business with nearly 30 years of experience managing open-ended hedge fund-focused vehicles.
William Benjamin, Head of Alternative Solutions at HSBC Asset Management, says: “Evergreen strategies represent a significant evolution in private equity investing, pairing the long-term value potential of private markets with the flexibility and accessibility typically associated with liquid strategies.
“Through Horizon, we are excited to open the door to private equity for a broader set of investors, enabling them to participate in long-term value creation through a diversified, high-conviction portfolio.
“Horizon is built on our deep expertise, global network and our commitment to delivering institutional-quality solutions that are more flexible, scalable, and aligned with investors’ evolving needs.”
