Global Fintech iCapital, HSBC Asset Management to Widen Access to Climate Tech for Wholesale Clients

iCapital, a global fintech platform driving access to alternative investment products in the wealth management industry, announced a collaboration with HSBC Asset Management (HSBC AM) “to widen access to its climate technology venture capital strategy (climate tech VC) for wholesale clients.”

Using its technology, iCapital will “provide a customized ‘white label’ solution to deliver HSBC AM’s climate tech VC strategy to wholesale clients across EMEA and Asia.”

The strategy “provides clients with opportunities to invest in early-stage technology start-ups seeking to accelerate the decarbonization and depollution of industries.”

The strategy focuses “on companies active in four key verticals – power transformation, transport electrification, supply chain sustainability and climate risk management, and invests across North America, Europe and Israel.”

The collaboration is “part of HSBC Asset Management’s ambition to grow its alternatives capabilities, which now fall under a single business unit, HSBC Alternatives, with a team of 170 professionals covering nine direct and indirect capabilities.”

HSBC Alternatives has “combined assets under management and advice of US$60.6 billion as of 31 December 2022.”

Joanna Munro, CEO HSBC Alternatives, said:

“With US$6.5 trillion of investment in technology required for net zero to be achieved by 20503, our climate tech VC strategy provides investors with exposure to sectors that have the potential to become major sources of financial and environmental value over the next decade. We are pleased to be working with iCapital to provide our wholesale clients with significantly improved access to this opportunity. As well as making venture capital more accessible to a broader investor audience, the collaboration will contribute to mobilising capital from a wider client base to invest in the solutions that address climate change.”

iCapital’s technology “provides asset managers and wealth managers with access, insight, and education on private markets, automating historically complex subscription, administration, operational and reporting processes.”

Its end-to-end digital platform meaningfully “improves the efficiency and client experience of alternative investing.”

Marco Bizzozero, Head of International at iCapital, said:

“There is significant unmet demand from wealth managers and their clients for private markets as value creation is increasingly taking place outside public markets while companies are still private. We are honored to collaborate with HSBC Asset Management and support them with our technology and solutions in mobilizing private capital to address energy transition and climate change.

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