HSBC Asset Management (HSBC AM) has announced it will launch its Vision Private Equity 2025 Fund in November 2024, following the close of its Vision Private Equity 2024 Fund in June 2024 on USD403.15 million.
This will be the seventh vintage of HSBC AM’s Vision Private Equity strategy, which is designed to offer investors access to global private equity opportunities through a single vintage institutional-style discretionary portfolio diversified by geography, sector, and strategy.
The firm writes that the Vision Private Equity 2025 Fund will be underpinned by a high conviction and selective investment process spanning 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 USD2.3 billion in aggregated capital commitments from international investors, including institutional investors and clients of HSBC Global Private Bank.
William Benjamin, Head of Indirect Alternatives at HSBC Asset Management, says: “We have been very pleased to see the ongoing investor interest in our Vision Private Equity strategy and look forward to the launch of the strategy’s seventh vintage later this year.
“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.”
