HSBC Specialist Investments Limited Management Completes Buyout And Launches InfraRed Capital Partners

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The management team of HSBC Specialist Investments Limited, HSBC’s specialist infrastructure and real estate fund management business, is pleased to announce that it has completed the acquisition of a majority interest in the business from HSBC Holdings plc (HSBC). All regulatory consents have been obtained, and the new business has been named InfraRed Capital Partners Limited (InfraRed).

The transaction follows the announcement by HSBC in 2010 that it was spinning out its private equity fund management businesses. It retains a 19.9% stake in the business and remains an important business partner.

InfraRed manages in excess of US$4bn of equity capital in funds that invest into real estate and infrastructure assets which InfraRed develops and operates across the globe. Its 80 staff are deployed across offices in London, Hong Kong, New York, and Paris.

InfraRed’s management has a track record of over 15 years as a focused, value-add investor in real estate and infrastructure. To date it has raised 11 funds, six of which have been materially or fully realised, and listed an investment company on the London Stock Exchange. The names of the funds have been changed accordingly.

Commenting on today’s news, Werner von Guionneau, Chief Executive of InfraRed, said:

“Since we began the spin-out process last year the business has remained extremely active, completing a number of significant transactions across all the funds that we manage.

"We are pleased with the extensive support from investors and business partners who share our excitement that the spin-out will enhance our ability to capture attractive opportunities available to us as an independent business. We will retain our value-add investment philosophy and ensure that our business culture remains unchanged. These have been instrumental to our success over nearly two decades.”

Richard Cole, head of Principal Investments at HSBC, said:

“HSBC looks forward as a minority shareholder, and participant in the funds, to sharing in the future success of InfraRed.”