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Laxman Pai, Opalesque Asia:

HSBC Global Private Banking, Americas is teaming up with iCapital Network, a financial technology firm, to expand and streamline client access to alternative investments.

The partnership is part of Global Private Banking's effort to expand product offerings for high net-worth clients, as clients looking to diversify their portfolios are increasingly interested in alternative investments, said a press release from the banking and financial services organization.

"Our partnership with iCapital provides our clients with the platform and technology to access a broader product suite and seamlessly integrate alternatives into their investment allocations," the release quoted Russell Schofield-Bezer, chief investment officer of HSBC Global Private Banking, Americas as saying.

iCapital will allow HSBC's qualified clients and their investment counsellors to evaluate and allocate to a broad range of private equity, private credit, and hedge fund investments, it said.

"Our mission to democratize alternative investments is providing advisors and their qualified investors with a more complete toolkit as they seek to construct thoughtful portfolios," said Lawrence Calcano, Chief Executive Officer of iCapital Network.

The release said that the platform offers access to select fund managers who have previously worked almost entirely with institutional investors; A set of analytical tools and due diligence information to evaluate the inve......................

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