The asset management arm of banking and financial services firm HSBC has so far raised over $240m (€189.6m) for a new global infrastructure debt strategy.
HSBC Asset Management (HSBC AM) said the newly launched Global Transition Infrastructure Debt strategy invests in senior and second lien debt, targeting mid-market borrowers in investment-grade countries in Europe, North America and the APAC region.
The Global Transition Infrastructure Debt strategy expects to offer investors opportunities to finance infrastructure assets that support the transition to a cleaner economy, including clean power, energy efficiency and clean industry, the manager added.
Scott McClurg, head of private credit at HSBC AM, said: “We believe in the vital role that substantial and sustained investment in infrastructure will play in the transition to net zero.
”Our Global Transition Infrastructure Debt strategy provides clients with the opportunity to contribute to, and benefit from, the shift towards a more sustainable global economy while aiming to deliver compelling returns.”
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