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Laxman Pai, Opalesque Asia: Following HSBC AM's UK Direct Lending team raised USD1.1 billion for the first vintage of the strategy and associated mandates, the global asset manager has launched the second vintage of its Senior UK Direct Lending strategy, with over USD580 million in client commitments received to date.
The investment management company said in a press release that the strategy invests in senior secured loans to mid-market private equity-backed companies. It provides investors with access to a leading origination platform through an exclusive partnership with HSBC UK Bank (HSBC UK).
The focus of the strategy is on the underserved lower-risk senior segment, investing in defensive, differentiated, and high-growth business models that are well-positioned through the credit cycle.
According to the release, the investments to date have been diversified across industries and geographically spread across the UK. The strategy integrates ESG factors throughout the investment process.
Meanwhile, the first vintage of the strategy has already committed over 80% of the capital. The investments are spread across the UK, with more than two-thirds deployed into companies outside of London.
HSBC AM head of institutional sales for the UK and Nordics Maria Ryan said: "The demand from institutional investors for this strategy reflects the quality of our offering and our continued belief in the attractiveness and resilience of the UK mid-market companies....................... To view our full article Click here
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