HSBC Global Private Banking, Americas has partnered with fin-tech firm iCapital Network to expand and streamline client access to alternative investments.
The partnership is part of HSBC’s aim to enhance its investment management capabilities and expand its offerings for high-net-worth clients.
iCapital will allow HSBC’s clients and their investment counsellors to evaluate and allocate to a range of private equity, private credit, and hedge fund investments. The platform offers access to select fund managers who have previously worked with institutional investors; a robust set of analytical tools and due diligence information; and online investing at levels below industry minimums of $5 million.
Lawrence Calcano, chief executive, iCapital Network said: “Our mission to democratise alternative investments is providing advisers and their qualified investors with a more complete toolkit as they seek to construct thoughtful portfolios.”
HSBC Global Private Banking has almost 3,000 employees and $330 billion in client assets as of 30 June 2018.
iCapital Network is a fin tech firm, which as of 30 June 2018 has serviced over $6 billion in invested capital across around 14,000 underlying accounts.