THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED

SINGAPORE, Singapore

Funds Served

238

Total GAV

$806.9B

Funds

Fund Name	Adviser	Type	GAV
DEMPSEY HILL ASIA MASTER FUND	DEMPSEY HILL CAPITAL PTE LTD	Hedge Fund	$265M
THE VÄRDE ASIA CREDIT FUND MASTER, L.P.	VARDE MANAGEMENT, L.P.	Hedge Fund	$264.8M
THE VARDE ASIA CREDIT FUND MASTER, L.P.	VARDE MANAGEMENT, L.P.	Hedge Fund	$264.8M
THE VARDE ASIA CREDIT FUND MASTER, L.P.	VARDE MANAGEMENT, L.P.	Hedge Fund	$264.8M
FUND 2.1	NORTHERN LIGHT VENTURE CAPITAL DEVELOPMENT LIMITED	Venture Capital Fund	$263.1M
SOUTHERN CAPITAL MASTER FUND IV LIMITED	SOUTHERN CAPITAL GROUP PRIVATE LIMITED	Private Equity Fund	$257.2M
DEMPSEY HILL ASIA MASTER FUND	DEMPSEY HILL CAPITAL PTE LTD	Hedge Fund	$245M
GAIP CERPI II, L.P.	GENERAL ATLANTIC SERVICE COMPANY, L.P.	Private Equity Fund	$228.9M
LONG HILL CAPITAL VENTURE PARTNERS 1, L.P.	LONG HILL CAPITAL MANAGEMENT	Private Equity Fund	$228.2M
UNICORN PARTNERS FUND I, L.P.	UNICORN PARTNERS ADVISORS LTD.	Venture Capital Fund	$227.1M
GL CHINA OPPORTUNITIES FUND IV L.P.	GL CAPITAL MANAGEMENT LIMITED	Private Equity Fund	$208.1M
FUND Y	MATRIX PARTNERS INDIA MANAGEMENT, LLC	Venture Capital Fund	$203.8M
CARLYLE APPLE PARTNERS, L.P.	CARLYLE INVESTMENT MANAGEMENT L.L.C.	Private Equity Fund	$202.1M
THE VÄRDE FUND VI-A, L.P.	VARDE MANAGEMENT, L.P.	Hedge Fund	$200.7M
L CAPITAL ASIA 2 PTE. LTD.	L CATTERTON ASIA ADVISORS	Private Equity Fund	$195.3M
SPRINGHILL MASTER FUND LIMITED	SPRINGHILL FUND ASSET MANAGEMENT (HK) COMPANY LIMITED	Hedge Fund	$187.4M
SPRINGHILL MASTER FUND LIMITED	SPRINGHILL FUND ASSET MANAGEMENT (HK) COMPANY LIMITED	Hedge Fund	$187.4M
SPRINGHILL MASTER FUND LIMITED	SPRINGHILL FUND ASSET MANAGEMENT (HK) COMPANY LIMITED	Hedge Fund	$187.4M
JOY CAPITAL I, L.P.	JOY CAPITAL MANAGEMENT, LTD.	Venture Capital Fund	$179.7M
SOUTHERN CAPITAL MASTER FUND LIMITED	SOUTHERN CAPITAL GROUP PRIVATE LIMITED	Private Equity Fund	$171.9M
CMC CAPITAL PARTNERS IV, L.P.	CMC CAPITAL ADVISORS, LTD	Private Equity Fund	$171.8M
IAG2M	IDG VC MANAGEMENT LTD.	Venture Capital Fund	$171.3M
VONTOBEL INDIA FUND	VONTOBEL ASSET MANAGEMENT, INC.	Other Private Fund	$171.1M
UNICORN PARTNERS FUND ZERO, L.P.	UNICORN PARTNERS ADVISORS LTD.	Venture Capital Fund	$167.6M
IM2	IDG VC MANAGEMENT LTD.	Venture Capital Fund	$154.9M