HSBC Asset Management is growing its private credit platform with the addition of the new global transition infrastructure debt strategy, for which it has already attracted more than $240 million in client commitments.
According to a fact sheet, the Global Transition Infrastructure Debt Fund seeks to provide potentially attractive risk-adjusted returns with a predictable income stream by investing in a diversified portfolio of loans (and other debt instruments) with infrastructure characteristics that contribute to greenhouse gas emissions reduction and the global transition to net-zero emissions by 2050. In particular, the strategy will invest in senior and second-lien debt, targeting mid-market borrowers in investment-grade countries across Europe, North America and Asia Pacific, according to various reports.
The fund will promote ESG characteristics within the meaning of Article 8 of SFDR by seeking to invest in infrastructure opportunities that meet the requirement