Insurer Admiral Group has invested into HSBC Asset Management’s (HSBC AM) UK Direct Lending Fund, which invests in mid-market companies across the UK in partnership with HSBC UK Bank.
The fund has provided capital to a range of UK businesses, including school meal provider, Impact Food Group, and telecommunications hardware recycling business, TXO. It aims to use investor capital to support financing mid-market companies while delivering attractive returns for investors.
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The fund has invested in Impact Food Group, which provides school meals, and telecoms hardware recycling business TXO. The fund is classified as Article 8 under the Sustainable Finance Disclosure Regulation.
“Our investment demonstrates our commitment to operating in a sustainable way and enables us to help even more people to look after their future by supporting businesses which make a significant impact in communities. It has been great to see the on-the-ground impact of the fund and showcase that our investments can generate attractive financial returns and positive change for society,” said Geraint Jones, Admiral Group’s chief financial officer.
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“We are incredibly proud of the success of our direct lending platform to date, and delighted to have the continued support of Admiral, alongside many other clients. Our partnership approach provides unique access to UK mid-market loans, combining the skill and experience of HSBC AM’s Direct Lending investment team, and the unparalleled market position of HSBC UK Bank,” added Deepak Seeburrun, head of global insurance & partnerships, HSBC AM.
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