As strong historical performance and demand for new sources of return drive investor interest in accessing the private markets, Hamilton Lane’s (NASDAQ: HLNE) global evergreen platform has experienced significant growth, standing at USD1.6 billion in assets a little over two years after launching its first offering in this space.
In early 2021, the firm announced the launch of its Private Assets Fund (PAF), a closed-end investment vehicle registered under the Securities Act of 1933 and the Investment Company Act of 1940 (40 Act), making the Fund more widely available to qualified US clients, including certain individual investors, their wealth advisors, as well as institutions. PAF provides access to a diversified portfolio of private equity and private credit assets through a single investment.
The firm’s open-ended Global Private Assets Fund (GPA) launched in 2019, and is open to retail and wholesale investors in Australia and New Zealand, Canada, and parts of Europe, Asia, Latin America and the Middle East. GPA has seen strong demand to date and has experienced a steady increase in AUM since inception from individuals and institutional investors around the globe.
Steve Brennan, Head of Private Wealth Solutions at Hamilton Lane, says: “We are committed to making the private markets accessible to a broader universe of investors, and enabling them to gain access to the return potential of this asset class – something that historically was out of reach for non-institutional investors. As demonstrated by the performance and growth of GPA and PAF, we’re thrilled that our global platform and scale, investment expertise, and proven ability to service a diverse client base are resonating with the market.”
Mario Giannini, CEO, says: “While private equity has long been accessible to large institutional investors, for individual investors, smaller institutions, as well as all parties with concerns around liquidity and long investment time frames – participation in the asset class has been challenging. That dynamic has shifted, and today we see investors of all sizes around the world adding private markets or expanding their allocations, leveraging Hamilton Lane’s scale and platform to gain exposure to a broad selection of high-quality, high-growth private companies.”
