HSBC AM Joins Peers With Private Equity Fund Targeting Wealthy

HSBC Holdings Plc’s asset management arm is launching a private equity strategy targeting wealthy clients, the latest move by a major investment firm to boost its alternatives offerings for individuals.

The fund will give investors exposure to secondary and co-investments from a range of general partners, HSBC AM said in a statement Wednesday. The minimum investment can be as little as $25,000 and varies by jurisdiction. It’s aimed at investors in the UK, Europe, Asia, and the Middle East.

The vehicle has been funded with capital from HSBC’s insurance arm and invests in 10,000 underlying companies, with a total ...