• 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.

Cision View original content:https://www.prnewswire.com/news-releases/hamilton-lanes-global-private-assets-fund-reaches-five-year-track-record-milestone-surpassing-4b-in-aum-302144190.html

SOURCE Hamilton Lane

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