The Dutch pension asset manager's Asia Pacific head of real estate says his team has just had one of its busiest years ever and that 2021 is looking similarly promising.
The latest fund is the sixth Asian regional private equity fund advised by HSBC Private Equity (Asia). The target size of the fund was $1.25 billion. It has so far invested $175 million in three Asia-based businesses. In 2004, its predecessor fund raised $700 million and is substantially invested in 16 businesses across its core Asian geographies.
George Raffini, managing director of HSBC Private Equity (Asia), says the support of both existing and new investors was crucial during the fundraising process. He notes that the firm has been an active participant in the Asian private equity industry for almost 20 years.
Investors in the latest fund include HSBC, institutional investors from the US, Europe, Asia, the Middle East as well as clients of HSBC Private Bank. The institutional investors include state and corporate pension funds, insurance companies, funds of funds and sovereign wealth funds.
ôNotwithstanding the current challenging economic climate, we continue to be positive about our ability to identify compelling investment opportunities and the longer-term economic growth prospects in Asia,ö says Marcus Thompson, managing director and CIO. ôOur focus will remain on investing in and actively supporting well-positioned, middle-market businesses with excellent management teams and strong growth fundamentals.ö
HSBC Private Equity (Asia) is the Asian private equity arm of HSBC Group. Since its inception in 1988, the firm and its affiliates have raised and managed Asian private equity and venture capital funds with committed capital of around $3.5 billion.
Regional institutions’ investment managers outperformed their external peers, underlining that they are just as vital as modern asset allocation strategies.
AsianInvestor describes why we chose the top funds across a series of key asset classes.
The RM82.64 billion ($20.6 billion) Malaysian Hajj fund, which recently completed a restructure, is looking to diversify globally but remains cautious of risky assets.
Mega players Nippon Life and Dai-ichi Life are looking for opportunities in higher-yield single-A US corporate bonds, which offer more appealing yields than stagnant domestic offerings.