Admiral Group has invested into HSBC Asset Management’s (HSBC AM) UK Direct Lending Fund, which invests in mid-market companies across the UK in partnership with HSBC UK Bank.
The fund is classified as Article 8 under the Sustainable Finance Disclosure Regulation, with Admiral Group upholding its commitment to making more sustainable long-term investments.
Furthermore, the fund has provided vital capital to many UK businesses, including the school meal provider, Impact Food Group, and telecommunications hardware recycling business, TXO. This has enabled these businesses to expand their operations and customer base, whilst delivering good financial outcomes for Admiral and social benefits to local communities.
Geraint Jones, Admiral Group chief financial officer: “Our investment demonstrates our commitment to operating in a sustainable way and enables us to help even more people to look after their future by supporting businesses which make a significant impact in communities. It has been great to see the on-the-ground impact of the Fund and showcase that our investments can generate attractive financial returns and positive change for society.”
Deepak Seeburrun, head of global insurance & partnerships at HSBC Asset Management, added: “We are incredibly proud of the success of our direct lending platform to date, and delighted to have the continued support of Admiral, alongside many other clients. Our partnership approach provides unique access to UK mid-market loans, combining the skill and experience of HSBC AM’s direct lending investment team, and the unparalleled market position of HSBC UK Bank.”
