HSBC Private Banking closes first Vision Private Equity Fund

HSBC Private Banking today announces the successful close of Vision Private Equity 2019 – the first in a new programme of annual Vision Funds providing private clients with access to primary, secondary and direct co-investments across multiple geographies, sectors and strategies.

With over US$250 million raised globally, the Fund has proved popular internationally with investors looking for diversified private equity solutions, as well as clients wishing to meet their annual asset allocation requirements in private equity through a single, well diversified and professionally constructed portfolio. 

Henry Lee, Global Head of Managed Investment Solutions, HSBC Private Banking, said, ‘’The Vision Fund demonstrates the strength of our alternatives capability, and the value proposition of our universal banking model that allows us to lever the capabilities of the HSBC Group to deliver innovative solutions that meet the needs of our clients.”

Vision 2019 was designed by HSBC Private Banking in partnership with HSBC Global Asset Management (AMG) who have one of the largest global alternative specialist teams managing USD 11.4 billion1 across private market funds and mandates. The Fund will invest HSBC Private Banking clients’ capital alongside AMG institutional clients’ capital in primary, secondary and direct co-investment opportunities. This combination increases the opportunity set for the Fund and enhances diversification.

Steven Ward, Global Head of Alternative Products, HSBC Global Asset Management, said: “The launch of HSBC Vision Private Equity comes at a time when private markets are experiencing phenomenal growth. The scale of our capability and experience in identifying and sourcing the right opportunities through a highly selective investment process provides a powerful combination that, when combined with the wealth management capabilities of HSBC Private Banking, allows  access to a diversified portfolio of carefully selected private equity managers that would be very difficult for others to replicate.”

Vision 2019 is the first in an annual programme of Vision funds that HSBC Private Banking will offer alongside its existing programme of single vintage private equity opportunities. It follows the successful close earlier this year of Vintage 2018 BPEA LP which received approximately US$300 million of investor commitments. Clients had the opportunity to invest in the Asian buyout market through a feeder vehicle to The Baring Private Equity Fund VII offered by Baring Private Equity Asia, one of Asia’s largest alternative investment managers. Working in partnership with AMG, HSBC Private Banking was the only global private bank offering access to this investment opportunity to suitable private clients.

Partnering with AMG’s alternatives team, HSBC Private Banking has been offering alternative investments for over 30 years, including hedge funds, private markets and real estate in Europe, UK, North America, Asia and MENA. AMG manages or has oversight of USD 36.6 billion of alternatives.2

“For many clients alternatives are an important part of a well-diversified, multi-asset core portfolio, in line with a client’s risk tolerances and preferences, and this is reflected in our Strategic Asset Allocation,” says Lee, “For suitable investors with a long-term investment horizon private equity can play a valuable role in portfolio diversification.”

1 As of 31 March 2019 and includes USD 2.9 billion from committed capital (“dry powder”) in private equity.

2 As of 31 March 2019. Includes USD 3.6 billion from committed capital (“dry powder”) in hedge funds, private equity and infrastructure debt.

Media enquiries

- Katie Amber-Mackin, HSBC Private Banking Communications (katie.amber.mackin@hsbcpb.com, +44 207 860 3464)

- Monika Witkowska, HSBC Global Asset Management Communications (monika.witkowska@hsbc.com, +44 203 268 5479) 

About HSBC Private Banking

As part of the HSBC Group, one of the world’s largest banking and financial services organisations, HSBC Private Banking seeks to be the leading private bank for business owners and their families. It provides clients with wealth, business and family succession solutions in the largest and fastest growing markets around the world. HSBC Private Bank is the marketing name for the private banking business conducted by the principal private banking subsidiaries of the HSBC Group. For more information, visit www.hsbcprivatebank.com

HSBC Global Asset Management 

HSBC Global Asset Management should be referred to in full at all times to avoid confusion with any other financial services firms.

HSBC Global Asset Management, the investment management business of the HSBC Group, invests on behalf of HSBC’s worldwide customer base of retail and private clients, intermediaries, corporates and institutions through both segregated accounts and pooled funds. HSBC Global Asset Management connects HSBC’s clients with investment opportunities around the world through an international network of offices in 26 countries and territories, delivering global capabilities with local market insight. As at 31 March 2019, HSBC Global Asset Management managed assets totalling US$470.2 billion on behalf of its clients. For more information see www.global.assetmanagement.hsbc.com

HSBC Global Asset Management is the marketing name for the asset management businesses of HSBC Holdings plc.  

HSBC Holdings plc 

HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 66 countries and territories in our geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of $2,659bn at 31 March 2019, HSBC is one of the world’s largest banking and financial services organisations.

© Press Release 2019