HSBC Asset Management announced it has launched a new venture investment strategy aimed at investing in fintech companies in Europe and Asia.
The firm said it will typically invest in Series A and B funding rounds of companies. The strategy will look to raise from such institutions as institutional asset allocators, family offices, private banks and ultra-high net worth individuals. A target amount was not disclosed.
The fund will be run by Remi Bourrette, head of venture and growth investments, and Kara Byun, director of venture and growth investments.
Source: HSBC press release