TLDR:
HSBC unveiled an innovation programme for its private banking clients, offering direct engagement with tech leaders in Silicon Valley. The programme covered emerging market trends, disruptive technologies, and artificial intelligence. Private equity assets under management have been growing, with individual investors expected to increase their capital commitments to PE funds. HSBC Global Research found that investors in listed tech companies are maintaining or increasing their sector weightings.
Article Summary:
HSBC recently launched an innovation programme for its private banking clients, providing ultra high net worth participants with the opportunity to engage directly with successful tech venture capitalists and start-ups in Silicon Valley. The three-day programme included immersive tours to Playground Global and Stanford Medical Centre, showcasing how AI is transforming medical operations.
The bank’s partnership with HSBC Innovation Banking aimed to connect family offices, sovereign wealth funds, and institutional investors with the next wave of global venture capital opportunities. Private equity assets under management have been growing steadily, with individual investors expected to significantly increase their capital commitments to PE funds in the coming years.
HSBC Global Research found that a majority of private investors are anticipating a pickup in venture capital activity over the next year. Additionally, investors in listed tech companies are likely to maintain or add to their sector weightings, indicating a continued interest in the tech sector.
