HSBC AM closes second private equity opportunities fund

HSBC Asset Management has held a final close for secondaries fund Private Equity Opportunities II, on $1bn.

Fund: Private Equity Opportunities II
Amount raised: $1 billion
Stage of fundraising: Final close
Final close: October 2021
Predecessor fund: Private Equity Opportunities I ($1.34 billion)

HSBC Global Asset Management has announced a final close on Private Equity Opportunities II at $1 billion. The fund launched in August this year and was managed by HSBC Alternatives’ private equity team, closing in October. Its predecessor, Private Equity Opportunities I, closed in December 2020 on $1.34 billion.

Private Equity Opportunities II is comprised of a portfolio of 26 private equity funds and a $100 million major capital for new joint investment. The opportunity fund invests in secondary assets, a primary blue chip private equity fund and a global portfolio of co-investments diversified by managers, regions, stages and vintages.

Since 2012, HSBC Alternatives’ private equity team has invested more than $4.3 billion in secondary transactions, including the two private equity opportunities funds.