Admiral Group has made a strategic investment in HSBC Asset Management’s UK Direct Lending Fund, a vehicle that provides financing to mid-market businesses across the UK in partnership with HSBC UK Bank.
The Article 8 fund focuses on companies contributing to sustainability and circular economy initiatives, including school meal provider Impact Food Group and telecom equipment recycler TXO. The fund aims to foster job creation, business growth, and long-term returns for investors.
Geraint Jones, CFO of Admiral Group, said, “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.”
Frank Bandura, CFO of Impact Food Group, added, “We aim to transform lives through the power of food – ensuring that every meal we serve helps students focus, enjoy school, and achieve better outcomes. The funding structure from HSBC and their investors has enabled our business to scale rapidly, furthering our impact on students.”
Deepak Seeburrun, Head of Global Insurance & Partnerships at HSBC Asset Management, commented, “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.”
The investment highlights Admiral’s growing focus on sustainable finance and demonstrates how insurers and investors can support economic growth while delivering measurable social impact.
