HSBC has launched a new technology platform to provide private asset administration services to asset owners and managers. The new platform, powered by SEI, offers private asset investors digital workflow and reporting solutions, allowing them to oversee (via a consolidated data stack) all aspects of their operating model – from fund accounting to investor reporting. The platform also enables HSBC to deliver a much broader, more efficient and highly automated service for both general partners and limited partners of investment firms, across the spectrum of the illiquid alternatives market, including private debt, private equity, real estate and infrastructure.
HSBC continues to grow its securities services offering in the private asset sector, having set up a dedicated business unit in 2019 that specifically caters to clients in this market. HSBC can deliver a combined client offering that not only includes asset servicing, but also transaction banking, foreign exchange and financing.