- The firm broadens its co-investment capabilities with the
additions of five senior team members
- Global appointments highlight continued growth within the asset
class and historic success of the firm's Direct Equity platform,
which stands at $15.3 billion in
AUM*
CONSHOHOCKEN, Pa., Nov. 12,
2024 /PRNewswire/ -- Leading private markets
investment management firm Hamilton Lane (Nasdaq: HLNE) today
announced the expansion of its Direct Equity Investment Team, with
the appointment of five new senior team members based in
North America and Europe to support the continued growth of the
asset class.
Nelda Chang,
Kyle McGinnis and
Jenny Zhang recently
joined the firm, based at Hamilton Lane's headquarters in
Conshohocken. Chang plays a
pivotal role in leading the origination, evaluation and due
diligence of direct investment opportunities across North America. Prior to joining Hamilton Lane,
Chang was a Principal at GCM Grosvenor, responsible for evaluating
and executing private equity co-investments. She previously held
roles at Headlands Capital and American Securities and began her
career in the leveraged finance group at JPMorgan. McGinnis joined
from Onex Partners, where he served as a Principal, responsible for
the evaluation and execution of private equity investments.
Previously, he worked at H.I.G. Capital on the middle market fund
team and began his career as an investment banker with Wells Fargo
Securities. Zhang joined from Two Sigma, where she was a Vice
President on the private equity team and prior to that was on
Carlyle's private equity team.
Based in London,
Aljoscha Dudek is
responsible for the origination, evaluation and due diligence of
direct equity opportunities across EMEA. Prior to joining the firm,
Dudek was a Director at PSP Investments, responsible for the
strategic development and management of a private equity portfolio
in Europe. Chang, McGinnis, Zhang
and Dudek all report to Ken
Binick, Co-Head of Direct Equity Investments.
Lastly, Benjamin
Kalter has joined the firm's Impact Investment
Team, where he is focused on the origination, evaluation and
management of direct equity impact transactions. Kalter joined from
Nuveen, where he served as a Vice President on the private equity
impact investing team, executing growth equity investments across
developed and developing markets. He is based in Conshohocken and reports to Dave Helgerson, Head of Impact
Investments.
Binick commented, "For firms like Hamilton Lane with strong
investment capabilities and a large primary platform, we believe
the co-investment landscape – particularly within the middle market
– is ripe with opportunity. Our deal flow is at record levels, and
we are happy to welcome Nelda, Aljoscha, Kyle, Jenny and Benjamin
to our already talented, experienced team as we seek to execute on
our strategy and strengthen our presence and expertise across the
direct equity landscape globally."
Drew Schardt, Vice
Chairman, Head of Investment Strategy and Co-Head of Direct Equity,
added, "These appointments further bolster our expertise and scale
to support the historic success and AUM growth across our
direct equity platform. Our direct equity investment strategy
leverages the unique benefits of Hamilton Lane's platform and
market access, enabling us to execute what we believe to be
high-quality investments and construct portfolios that seek to
deliver compelling returns for our investors."
Hamilton Lane has been an active investor within the direct
equity space for nearly 30 years, and today serves institutional
and private wealth clients from around the world. The firm's Direct
Equity Investment team comprises 45 individuals globally, growing
nearly 40% over the past year across all levels. Hamilton Lane's
Direct Equity platform represents approximately $15.3 billion in assets under management*.
*AUM is as of September 30,
2024. Discretionary Assets Under Management
("AUM") includes all investments managed by Hamilton Lane for which
Hamilton Lane retains a level of discretion for the investment
decisions. AUM equals assets under management for active accounts.
AUM is equal to market value plus unfunded. AUM calculation does
not include authorized to invest amounts (ANI). ANI can only be
attributed to commingled fund-of-funds and separate accounts and
cannot be attributed to underlying investments.
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 approximately 730 professionals
operating in offices throughout North
America, Europe,
Asia Pacific and the Middle East. Hamilton Lane has more than
$947 billion in assets under
management and supervision, composed of more than $131 billion in discretionary assets and
approximately $816 billion in
non-discretionary assets, as of September
30, 2024. 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 our website or follow
Hamilton Lane on LinkedIn.
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, 2024
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