summarise the email: "Hello Dora,

As per our discussion, we’re collaborating with the Alternative Investment team for the “Vintage 2023 HarbourVest” product launch. One of our tasks involves creating the attached four client emails in weblink format, much like what we recently did for “Vintage 2023 TPG Rise”. 

These four versions (PBHK Master Fund, PBHK Feeder Fund,, PBSG Master Fund, and PBSG Feeder Fund) share many common sections. The variations are limited, with only one different section between Master Fund and Feeder Fund emails, and three different sections between PBHK and PBSG emails. 

Let’s start by creating the weblink for the PBHK Master Fund client email. Afterward, we’ll adapt it for the other versions (i.e., making necessary adjustments to the first weblink to create the weblinks for the other versions). I’ll highlight the variations in my upcoming email. Our target is to complete this by the end of this week, or if needed, early next week.

Thank you for your efforts. If you have any questions, please contact me at any time.

Best regards,
Herbert






INTERNAL
From: Tom C W NG <<PRESIDIO_ANONYMIZED_EMAIL_ADDRESS>> 
Sent: Monday, August 21, 2023 6:10 PM
To: Herbert WONG <<PRESIDIO_ANONYMIZED_EMAIL_ADDRESS>>
Cc: Berton F C LEE <<PRESIDIO_ANONYMIZED_EMAIL_ADDRESS>>; Brittany LYU <<PRESIDIO_ANONYMIZED_EMAIL_ADDRESS>>; Morris K F WONG <<PRESIDIO_ANONYMIZED_EMAIL_ADDRESS>>; Posky S P SZE <<PRESIDIO_ANONYMIZED_EMAIL_ADDRESS>>
Subject: RE: Vintage 2023 HarbourVest Launch Insightlab Preparation

Hi Herbert,

Attached please find the RC approved email templates. 

For the client chat blast, you can refer to below.

“Vintage 2023 HarbourVest provides opportunity for clients to invest 80% exposure in HabourVest’s flagship secondary private equity strategy, Dover Street XI and 20% in co-investments selected by HAIL. The fund aims at providing investors a diversified portfolio of global secondary private equity investments with majority in buyout assets and some exposure in growth equity and venture capital. 

In general, secondary private equity can be a good complement to client’s portfolio, by having faster capital deployment, providing near term liquidity, J-curve mitigation and vintage diversification.

In terms of market landscape, secondary private equity segment is expanding very quickly with an annual deal volume exceeding $100bn in 2022 according to Preqin. With currently high interest rate environment and tight liquidity, the average discount per deal was around 19% in 2022 according to Greenhill Gogent, which is the highest level in the last 5 years. Vintage 2023 HarbourVest provides clients an opportunity to invest in one of the fastest growing private equity segment with an attractive level of price discount.

HarbourVest is one of the leading secondary private equity managers which made its first investment in 1982, and since Fund V (2003 vintage), HarbourVest Dover Street invested c.US$35bn in 315 secondary transactions and has achieved a net multiple of 1.6x and 32% net IRR with only 4% loss rate as of 31 December 2022.”

Thanks and regards,

Tom


INTERNAL
From: Herbert WONG <<PRESIDIO_ANONYMIZED_EMAIL_ADDRESS>> 
Sent: Monday, August 21, 2023 4:00 PM
To: Tom C W NG <PRESIDIO_ANONYMIZED_EMAIL_ADDRESS>
Cc: Berton F C LEE <<PRESIDIO_ANONYMIZED_EMAIL_ADDRESS>>; Brittany LYU <<PRESIDIO_ANONYMIZED_EMAIL_ADDRESS>>; Morris K F WONG <<PRESIDIO_ANONYMIZED_EMAIL_ADDRESS>>; Posky S P SZE <<PRESIDIO_ANONYMIZED_EMAIL_ADDRESS>>
Subject: RE: Vintage 2023 HarbourVest Launch Insightlab Preparation

Hi Tom,

Thank you for reaching out and for sharing the materials related to Vintage 2023 HarbourVest. I appreciate your promptness in providing the finalized version of the pitchbook and the syndicate Offering Documents.

In preparation for the digital launch, our team can assist in creating the following:
1)	Client Content Weblink: Our team can help create the RC-approved client email in a weblink format. Kindly provide the RC-approved email template, and we will promptly create the corresponding weblink version.
2)	Client Message Blast: This is the message to go with the weblink. Please share a concise message (typically around 200 to 300 words) at your earliest convenience. If necessary, we are ready to collaborate on crafting the message. If you have specific requirements and guidelines, please provide them. Our team will then draft the message in line with the client email. On the digital launch date, this message, along with the weblink, will be sent to Alts content subscribed clients, totalling approximately 1,000 (comprising over 1,200 emails and close to 700 chats).
3)	[Optional] Internal Symphony Message for Colleagues: We prepare this if there are any messages we need to convey to or remind frontline colleagues. In the case of Vision 2023, we crafted an internal message to encourage RMs to sign up for the remaining suitable clients.

Kindly share the approved email template and your thoughts on the messages. Let’s collaborate to finalize these items by end of this week or even sooner. Additionally, please provide us with the target digital launch date.

For your reference, please find below the previous work done for the Vision 2023 digital launch.

Thank you for the collaboration, and I look forward to your response.


Best regards,
<PRESIDIO_ANONYMIZED_PERSON> 
Insights Lab Strategist
HSBC Private Banking | The Hongkong and Shanghai Banking Corporation Limited
Levels 13 and 14, HSBC Main Building, 1 Queen's Road Central, Hong Kong
___________________________________________________________________
Telephone:     <PRESIDIO_ANONYMIZED_PHONE_NUMBER> / Tieline: 71852 43062
E-mail:             <PRESIDIO_ANONYMIZED_EMAIL_ADDRESS>
Website:          www.hsbcprivatebank.com


____________________________________________________________________________________________________________________________



Vision 2023 - Client Chat Blast:
 



Vision 2023 - Content Weblink:
Vision 2023 - Providing access to opportunities through a diversified private equity portfolio



Vision 2023 - Internal Symphony Message:
 





INTERNAL
From: Tom C W NG <<PRESIDIO_ANONYMIZED_EMAIL_ADDRESS>> 
Sent: Monday, August 21, 2023 12:00 PM
To: Berton F C LEE <<PRESIDIO_ANONYMIZED_EMAIL_ADDRESS>>; Herbert WONG <<PRESIDIO_ANONYMIZED_EMAIL_ADDRESS>>
Cc: Brittany LYU <<PRESIDIO_ANONYMIZED_EMAIL_ADDRESS>>; Morris K F WONG <<PRESIDIO_ANONYMIZED_EMAIL_ADDRESS>>
Subject: Vintage 2023 HarbourVest Launch Insightlab Preparation

Hi Berton and Herbert,

Hope to find you well. We have announced the soft launch of Vintage 2023 HarbourVest last week. We would like to share the finalized version of pitchbook and the syndicate Offering Documents (SCSp is for Master Fund, while SCA is for Feeder Fund) with you as attached. May I know if there is anything else we can provide for your preparation for digital launch?

We have more materials on the sharepoint below.

Vintage 2023 HarbourVest - All Documents (global.hsbc)

Thanks and regards,

<PRESIDIO_ANONYMIZED_PERSON>, CFA
Alternative Investment Specialist | Alternative Investment Group, Asia
HSBC Private Banking | The Hongkong and Shanghai Banking Corporation Limited 
Levels 13 and 14, HSBC Main Building, 1 Queen's Road Central, Hong Kong
Telephone: Int: 28702 / Tieline: 71852 28702 / Ext: <PRESIDIO_ANONYMIZED_PHONE_NUMBER>
E-mail:         <PRESIDIO_ANONYMIZED_EMAIL_ADDRESS>
Website:      www.hsbcprivatebank.com 


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INTERNAL
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