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Alternative Credit

Access differentiated strategies in partnership with HSBC bank

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

Compelling risk/return profile

Compelling risk/return profile
Private credit may offer compelling risk/return profiles, compared with their public counterparts

Diversification

Diversification
Private credit may 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 helps clients 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 Group
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

This document does not constitute an offering document and should not be construed as a recommendation, an offer to sell or the solicitation of an offer to purchase or subscribe to any investment nor should it be regarded as investment research. This document has not been reviewed by The Monetary Authority of Singapore (the “MAS”).

HSBC Global Asset Management (Singapore) Limited (“AMSG”) has based this document on information obtained from sources it reasonably believes to be reliable. However, AMSG does not warrant, guarantee or represent, expressly or by implication, the accuracy, validity or completeness of such information. Any views and opinions expressed in this document are subject to change without notice. It does not have regard to the specific investment objectives, financial situation, or needs of any specific person. Investors and potential investors should not make any investment solely based on the information provided in this document and should read the offering documents (including the risk warnings), before investing. Investors should seek advice from an independent financial adviser. Investment involves risk. Past performance and any forecasts on the economy, stock or bond market, or economic trends are not indicative of future performance. The value of investments and income accruing to them, if any, may fall or rise and investor may not get back the original sum invested. Changes in rates of currency exchange may affect significantly the value of the investment.

This document is provided upon request for information only.

In Singapore, this document is issued by AMSG who is licensed by MAS to conduct Fund Management Regulated Activity in Singapore. AMSG is not licensed to carry out asset or fund management activities outside of Singapore.

HSBC Global Asset Management (Singapore) Limited

10 Marina Boulevard, Marina Bay Financial Centre, Tower 2, #48-01, Singapore 018983

Telephone: (65) 6658 2900 Facsimile: (65) 6225 4324

Website: https://www.assetmanagement.hsbc.com.sg/

Company Registration No. 198602036R