$863 Billion HSBC Asset Management Raised $2 Billion for 2nd UK Direct Lending Strategy to Invest Alongside HSBC UK Bank in Senior Secured Loans to Private Equity-Backed Companies in Low-to-Core Middle Market Segments
15th June 2026 | Hong Kong
HSBC Asset Management ($863 billion AUM) has raised $2 billion for 2nd UK direct lending strategy to invest alongside HSBC UK Bank in senior secured loans to private equity-backed companies in low-to-core middle market segments. Announcement (5/6/26): “HSBC Asset Management (HSBC AM) has held a final close above target for its second UK direct lending vintage, raising USD 2 billion of commitments from institutional investors across the fund and associated mandates. The second fundraise is approximately twice the size of the first, supported by a combination of repeat and new commitments from a globally diverse institutional investor base across Europe, Asia and North America, including from within the HSBC Group. The strategy invests alongside HSBC UK Bank plc in senior secured loans to private equity-backed companies within underserved low-to-core middle market segments, targeting high growth, resilient borrower profiles. It is built around disciplined underwriting and conservative loan structures, with transactions typically featuring 3-4x leverage, robust maintenance covenants, and equity cushions of c.70 per cent. An exclusive sourcing partnership with HSBC UK Bank plc provides investors with access to a market-leading origination network, supporting disciplined deployment and diversified portfolio construction … … The strategy is part of HSBC AM’s Alternative Credit platform, which offers institutional investors access to a range of capabilities across direct lending, infrastructure debt and capital solutions.”
“ $863 Billion HSBC Asset Management Raised $2 Billion for 2nd UK Direct Lending Strategy to Invest Alongside HSBC UK Bank in Senior Secured Loans to Private Equity-Backed Companies in Low-to-Core Middle Market Segments “
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Tom Green, Head of Direct Lending, HSBC AM: “This marks an important milestone in the buildout of our direct lending offering. The strong client support reflects the appeal of our conservative investment approach, which has resonated with institutional investors seeking resilient income and downside protection in the current market environment.”
Michelle Dunne, Head of European Institutional Sales and Alternatives Sales Lead, HSBC AM: “We are grateful to our investors for the continued trust that they place in us to help meet their long-term investment objectives. The strong support from existing clients has been particularly encouraging, with a re-up rate of over 100 per cent from the first vintage.”
HSBC Asset Management – HSBC 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 Asset Management connects HSBC’s clients with investment opportunities around the world through an international network of offices in 20 countries and territories, delivering global capabilities with local market insight. As at 31 March 2026, HSBC Asset Management managed assets totalling USD863 billion (excluding HSBC Jintrust Fund Management Company Limited) on behalf of its clients.
$863 Billion HSBC Asset Management Raised $2 Billion for 2nd UK Direct Lending Strategy to Invest Alongside HSBC UK Bank in Senior Secured Loans to Private Equity-Backed Companies in Low-to-Core Middle Market Segments
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