Hamilton Lane’s Private Assets Fund (PAF), which provides a diversified private equity portfolio to qualified US clients, including individual investors, their wealth advisors and institutions, has returned 17.48% and reached $1bn in AUM since its inception three years ago.
PAF, a 1940 Act registered fund continuously offered closed-end investment vehicle, is part of Hamilton Lane’s expanding Evergreen Platform. The platform is one of the world’s largest with more than $4.6 billion in AUM globally. The fund seeks to eliminate some of the challenges of traditional private equity fund structures, including offering limited liquidity in the form of quarterly limited repurchase offers by the fund.
In addition to PAF, the Evergreen Platform also comprises: the $3.2bn Global Private Assets Fund (GPA), which launched in 2019 and is open to high-net-worth and wholesale investors in Australia and New Zealand, Asia, Canada, Europe, Latin America and the Middle East: and the £305.5m Senior Credit Opportunities Fund (COPE), which launched in 2022 and is open to qualified high-net-worth investors and their advisors in Canada, Europe, Latin America and Southeast Asia.
