Admiral invests in HSBC direct lending fund

Admiral Group has invested in HSBC Asset Management’s UK Direct Lending Fund, which provides financing to mid-market businesses across the UK in partnership with HSBC UK Bank.

The Article 8 fund supports companies such as school meal provider Impact Food Group and telecom equipment recycler TXO, helping them expand operations while advancing sustainability and circular economy initiatives. Mid-market lending through the fund aims to support job creation and growth while delivering long-term returns for investors.

“Our investment demonstrates our commitment to operating in a sustainable way and enables us to help even more people to look after their future by supporting businesses which make a significant impact in communities. It has been great to see the on-the-ground impact of the Fund and showcase that our investments can generate attractive financial returns and positive change for society.” – Geraint Jones, Chief Financial Officer, Admiral Group.

“We aim to transform lives through the power of food – ensuring that every meal we serve makes our students happy, better able to attend, focus and enjoy school and leads them to achieve better outcomes. The funding structure from HSBC and their investors has enabled our business to scale rapidly, furthering our impact on students.” – Frank Bandura, Chief Financial Officer, Impact Food Group.

“We are incredibly proud of the success of our Direct Lending platform to date, and delighted to have the continued support of Admiral, alongside many other clients. Our partnership approach provides unique access to UK mid-market loans, combining the skill and experience of HSBC AM’s Direct Lending investment team, and the unparalleled market position of HSBC UK Bank.” – Deepak Seeburrun, Head of Global Insurance & Partnerships, HSBC Asset Management.