Hillhouse Investment Management discloses new Custodian and Prime Broker

Hillhouse Investment Management, a Singapore-based investment firm started with backing from Yale University’s endowment, is preparing to pitch a new Asia-focused private credit fund to international investors as the asset class continues to grow in the region.

Fund Size: Estimated to be between $900M and $1.1B (Source: Bloomberg)

The new fund will focus on so-called performing credit investments in well-established companies posting profit before interest, taxes, depreciation and amortization. The average size of its investments will be between $50 million and $75 million. (Source: Bloomberg)

Recent Form ADV Insights on Hillhouse Investment Management:

• Total Regulatory Assets Under Management (Reg AUM): $62B
  
  
• Client Type Managed: The firm manages capital on behalf of global institutions such as non-profit foundations and pensions.
  
  
• 17 Private Equity Funds with a total Gross Asset Value of $55.6B
  
  
• Current Auditor for all the funds: EY
  
  
• Current Administrator for all the funds: Citco Services
  
  
•  Hillhouse also discloses: HH Research Inc as the other investment advisor to its funds -Hillhouse Fund III, LP ($6.6B) and Hillhouse Fund II, LP ($5.4B)

Historical Form ADV Data Insights from Radient:

• The firm removed 2 of its direct owners in 2023
  
  
• The firm also removed the previous custodians for 10 of its private funds and disclosed CITCO Services as the new custodian in 2023
  
  
• The firm's Hillhouse Healthcare Fund added Goldman Sachs as its prime broker in 2023

 To view more such filings and compare historical Form ADV data, visit Radient.

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