HSBC launched a new insight platform for private asset fund administration, designed to give fund of funds managers greater transparency into their underlying investments.

The new service is powered by eFront Insight, BlackRock’s private markets technology platform under Aladdin.

The platform enables look-through capabilities and ESG risk reporting across asset classes such as private equity, real estate, infrastructure, and structured debt. It complements HSBC’s existing fund administration offering and is aimed at addressing growing investor allocations to private assets.

“With higher volumes linked to an increased allocation by investors to private assets, we wanted to enhance our service offering for fund of funds in the private assets space with this new capability,” said Tony McDonnell, Global Head of Alternative Investments, Securities Services at HSBC.

The move reflects broader industry momentum towards greater data transparency and operational efficiency in alternative asset management.