- GPA is designed to provide investors with a diversified
exposure to private equity through a single commitment and seeks to
generate capital appreciation over the medium and long term through
investments in private assets globally
- The Fund has returned over 14% annualized since inception and
has a truly global client footprint, enabling non-U.S. investors
access to institutional-quality private markets exposure through a
single investment
LONDON and SYDNEY and TORONTO, May 14, 2024
/PRNewswire/ -- Leading private markets investment management
firm Hamilton Lane (Nasdaq: HLNE) today announced that its
Global Private Assets Fund ("GPA" or the "Fund") has reached
approximately $4B in AUM and has
built a five-year track record of performance, one of a small group
of private markets evergreen products globally to have reached this
milestone. With an annualized net performance of 14.00% since
inception as of 31 March, 2024, GPA
has delivered strong performance to date and has experienced
significant investor interest driven by demand for new, diversified
sources of return.
Since launching in 2019, GPA has navigated a range of market
conditions and seen a steady increase in demand from private wealth
and institutional investors. The Fund offers thoughtful portfolio
construction diversified across buyout, credit and venture
capital/growth through a single allocation. With over 170
investments in the vehicle as of 31 March 2024, GPA is open
to select retail and wholesale investors in Australia and New
Zealand, Canada,
Europe, Asia, Latin
America and the Middle
East.
GPA was Hamilton Lane's first offering on its Evergreen
Platform, which today has expanded to include the Private
Assets Fund ("PAF"), registered under the Securities Act of 1933
and the Investment Company Act of 1940 ("40 Act"), making PAF more
widely available to qualified U.S. clients, including certain
individual investors, their wealth advisors, as well as
institutions. Additionally, the Platform includes the Senior Credit
Opportunities Fund ("SCOPE"), which is open to qualified
high-net-worth investors and their advisors in Canada, Europe, Latin
America and Southeast Asia. With plans for additional
evergreen offerings in the works, total AUM for the firm's
Evergreen Platform sits at nearly $7
billion as of 31 March
2024.
James Martin, Head of Global
Client Solutions at Hamilton Lane, commented: "The evergreen
structure has proved to be hugely appealing to investors who
previously had limited access to private markets, and that demand
has only grown over the past five years. An evergreen fund with a
track record like GPA, coupled with Hamilton Lane's 32+ years
focused exclusively on the private market is rare, and we are proud
to be one of the few platforms able to offer that to a diverse
range of investors."
Brian Gildea, Head of Evergreen
Portfolios, said: "Private markets have historically outperformed
public markets, and as investors look for greater access to those
returns, GPA offers a single allocation exposure to a diverse
private assets portfolio. Evergreen portfolios continue to be more
accommodating for certain investor types, allowing for more
flexibility than typical closed-ended structures."
For more information about GPA and Hamilton Lane's Evergreen
Platform, click here.
About Hamilton Lane
Hamilton Lane (Nasdaq: HLNE) is one of the largest private
markets investment firms globally, providing innovative solutions
to institutional and private wealth investors around the world.
Dedicated exclusively to private markets investing for more than 30
years, the firm currently employs nearly 700 professionals
operating in offices throughout North
America, Europe,
Asia Pacific and the Middle East. Hamilton Lane has approximately
$903 billion in assets under
management and supervision, composed of $120
billion in discretionary assets and nearly $783 billion in non-discretionary assets, as of
December 31, 2023. Hamilton Lane
specializes in building flexible investment programs that provide
clients access to the full spectrum of private markets strategies,
sectors and geographies. For more information, please
visit www.hamiltonlane.com or follow Hamilton Lane
on LinkedIn.
The Private Assets Fund operates as a non-diversified,
closed-end management investment company under the Investment
Company Act of 1940, as amended. PAF is distributed by UMB
Distribution Services, LLC. UMB and Hamilton Lane are
unaffiliated.
Past performance is not an indicator of future results.
Forward-Looking Statements
Some of the statements in this release may constitute
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, Section 21E of the Securities Exchange
Act of 1934 and the Private Securities Litigation Reform Act of
1995. Words such as "will," "expect," "believe," "estimate,"
"continue," "anticipate," "intend," "plan" and similar expressions
are intended to identify these forward-looking statements.
Forward-looking statements discuss management's current
expectations and projections relating to our financial position,
results of operations, plans, objectives, future performance and
business. All forward-looking statements are subject to known and
unknown risks, uncertainties and other important factors that may
cause actual results to be materially different, including risks
relating to: our ability to manage growth, fund performance,
competition in our industry, changes in our regulatory environment
and tax status; market conditions generally; our ability to access
suitable investment opportunities for our clients; our ability to
maintain our fee structure; our ability to attract and retain key
employees; our ability to manage our obligations under our debt
agreements; defaults by clients and third-party investors on their
obligations to fund commitments; our exposure and that of our
clients and investors to the credit risks of financial institutions
at which we and they hold accounts; our ability to comply with
investment guidelines set by our clients; our ability to
successfully integrate acquired businesses with ours; our ability
to manage risks associated with introducing new types of investment
structures, products or services or entering into strategic
partnerships; our ability to manage redemption or repurchase rights
in certain of our funds; our ability to manage, identify and
anticipate risks we face; our ability to manage the effects of
events outside of our control; and our ability to receive
distributions from Hamilton Lane Advisors, L.L.C. to fund our
payment of dividends, taxes and other expenses.
The foregoing list of factors is not exhaustive. For more
information regarding these risks and uncertainties as well as
additional risks we face, you should refer to the "Risk Factors"
detailed in Part I, Item 1A of our Annual Report on Form 10-K for
the fiscal year ended March 31, 2023
and in our subsequent reports filed from time to time with the
Securities and Exchange Commission. The forward-looking statements
included in this release are made only as of the date hereof. We
undertake no obligation to update or revise any forward-looking
statement as a result of new information or future events, except
as otherwise required by law.
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SOURCE Hamilton Lane