On December 12, 2023, HSBC Asset Management announced that it will acquire SilkRoad Property Partners Group.
Under the terms of the transaction, HSBC Asset Management (“HSBC”) announced that it will acquire SilkRoad Property Partners Group (“SilkRoad”). Further terms of the deal were not disclosed.
HSBC, based in London, is a global asset manager implementing various investment strategies including equities, fixed income, ETFs, multi-asset, liquidity, and alternative investments. As of September 2023, HSBC had $622 billion in assets under management.
SilkRoad, based in Singapore, is a boutique real estate investment manager that makes private equity real estate investments within Asia with a focus on commercial property. As of December 2023, SilkRoad had $2 billion in assets under management.
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