HSBC Asset Management (HSBC AM) has announced the successful anchor round closing for its first-vintage NAV Financing Partnership Strategy, raising $1bn (£740m) from a globally diverse institutional investor base.
The fundraise round is anchored by commitments from leading insurance and pension investors alongside commitments from within the HSBC Group. The strategy will continue fundraising during 2026 and into 2027.
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The NAV Financing Partnership Strategy invests in a diversified portfolio of senior secured loans financing high-quality European and Asian-based private equity funds’ portfolio growth. These loans are secured and collateralised by the Net Asset Value of the underlying investment portfolios and are rated investment grade and follow ILPA disclosure frameworks.
The strategy is managed by HSBC Asset Management’s Capital Solutions Team and leverages a partnership agreement with HSBC Bank. The strategy is part of HSBC AM’s alternative credit platform and highlights its ability to create attractive high-grade asset backed financing strategies for institutional investors.
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“Our NAV Financing strategy continues to attract sustained interest from well-established insurance and pension investors, as well as sophisticated family offices, seeking access to a performing and resilient asset class at this point in the cycle. We greatly value the support of our cornerstone investors as we deliver innovative, high-quality investment solutions with a distinctive HSBC perspective. We look forward to building on this momentum ahead of the final close,” said Thorsten Michalik, chief executive HSBC Alternatives.
