HSBC Asset Management (HSBC AM) has completed the acquisition of 100% of the shares of SilkRoad Property Partners Pte. Ltd., along with its Hong Kong, Shanghai and Tokyo based subsidiaries and the five general partner entities associated with its active funds. This expands our real estate investment capabilities under our HSBC Alternatives business in Asia Pacific and aligns with our ambition of becoming a top direct Real Estate investment manager in the region, following the establishment of our Real Estate Asia Pacific team in 2021.All employees of SilkRoad Property Partners Pte. Ltd. and its three subsidiaries have joined our Real Estate Asia Pacific team in Singapore, Hong Kong, Shanghai and Tokyo including Peter Wittendorp, CEO of SilkRoad Property Partners Pte. Ltd., who now reports to Victoria Shigehira Sharpe, Global Head of Real Assets and assumes the position of Head of Real Estate, Asia Pacific, formerly held by Victoria.
Founded in 2012 by Peter Wittendorp, CEO of SilkRoad Property Partners, and headquartered in Singapore, SilkRoad was a real estate investment manager focused on four markets in the Asia Pacific region: Singapore, mainland China, Hong Kong and Japan. It specialised in value-add and core-plus investments, having completed nearly 100 real asset transactions across the region, with a gross asset value of more than US$3.5bn.
The team will continue to manage the three funds with gross asset value of US$1.6bn and is planning to expand capabilities in the value-add Asia Value Partners series during 2024.
HSBC AM is a global asset manager with a strong heritage of successfully connecting our clients to investment opportunities worldwide, and manages over USD 662bn for clients across the globe across most asset classes.HSBC AM offers a range of alternatives capabilities include hedge funds, private markets, private credit, real assets, venture capital and flexible capital solutions. With a team of 114 professionals, HSBC AM’s Alternatives strategies have combined assets under management and advice of US$67bn, as of 30 September 2023.
Hit enter to search or ESC to close