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Alternative Credit

Access differentiated strategies in partnership with HSBC bank

What’s new

Who we are

Who we are

Our alternative investment capabilities leverage HSBC’s global network to provide investors with access to a range of solutions from private credit and private debt.

Source: HSBC AM, as of 30th June 2025

Private credit

Potentially attractive risk/return profile

Potentially attractive risk/return profile
Private credit can offer potentially attractive risk/return profiles, compared with their public counterparts

Diversification

Diversification
Private credit can help investors diversify their portfolios

Protections for investors

Protections for investors
Private credit typically offers stronger protections for investors, with higher recovery rates and more covenants1

1. Moody’s data: Examining Infrastructure as an Asset Class, 2021; Direct Lending vs Liquid Markets - Arcmont Asset Management, 2022

What sets us apart

What sets us apart?

Unique partnership

Access proprietary deal flow through our partnership with HSBC bank, one of the world’s largest banks

Experienced teams

Our teams have a long history of investing in the private credit space

Global platform, local presence

We connect investors with opportunities across the globe through our extensive local network of offices

Our private credit strategies offer tailored solutions to meet the needs of our clients, providing access to proprietary opportunities through our partnership with HSBC Bank. With a focus on rigorous credit analysis and deep market expertise, our approach ensures that clients can benefit from the stable income streams and diversification that private credit can provide.

Scott McClurg, Head of Private Credit

Scott McClurg

What we do

Leadership team

Scott McClurg
Scott McClurg
Head of Private Credit
Borja Azpilicueta
Borja Azpilicueta
Head of Capital Solutions
Tom Green
Tom Green
Head of Direct Lending
Simon Jardine
Simon Jardine
Head of Investment Grade
and Transition Infrastructure Investment

Contact us

If you are considering investing in alternatives, or want to learn more about our investment strategies, please get in touch.

Ready to talk?


  • Risk Considerations: There is no assurance that a portfolio will achieve its investment objective or will work under all market conditions. The value of investments may go down as well as up and you may not get back the amount originally invested. Portfolios may be subject to certain additional risks, which should be considered carefully along with their investment objectives and fees.
  • Illiquidity: An investment in alternatives is a long term illiquid investment. By their nature, the alternatives’ investments will not generally be exchange traded. These investments will be illiquid.
  • Long term horizon: Investors should expect to be locked-in for the full term of the investment
  • Economic conditions: The economic cycle and prevailing interest rates will impact the attractiveness of the underlying investments. Economic activity and sentiment also impacts the performance of underlying companies, and will have a direct bearing on the ability of companies to keep up with interest and principal repayments.
  • Valuation: These investments may have no or a limited liquid market, and other investments including those in respect of loans and securities of private companies, may be based on estimates which cannot be marked to market until sale. The valuation of the underlying investments is therefore inherently opaque.
  • Strategy Risk: Investments into alternatives may, among other risks, be negatively affected by adverse regulatory developments or reform, credit risk and counterparty risk. The credit market bears idiosyncratic risks such as borrower fraud, borrower bankruptcy, prepayment risk, security enforceability risk, subordination risk and lender liability risk.
  • Investor’s Capital At Risk: Investors may lose the entirety of invested capital