Business
Daphne and Hamilton Lane Announce Partnership to Further Digitize the Private Markets Fundraising Process
Hamilton Lane also announces investment in Daphne alongside existing investors Apollo Global Management and Motive Partners. LONDON and NEW YORK and
About this update from Hamilton Lane Incorporated
[{"type":"text","content":"Hamilton Lane also announces investment in Daphne alongside existing investors Apollo Global Management and Motive Partners.\nLONDON and NEW YORK and CONSHOHOCKEN, Pa., June 26, 2024 /PRNewswire/ -- Leading private markets investment management firm Hamilton Lane (Nasdaq: HLNE) announced a partnership with, and investment in, Daphne Technologies, a platform facilitating distribution of alternative assets and increased efficiency of the fundraising process.\n\nAs part of this partnership, Daphne has integrated with Cobalt – Hamilton Lane's proprietary private markets data, analytics, forecasting, and diligence platform. Daphne enables straight through data processing by which alternative asset managers can directly transmit fund information into Cobalt, greatly simplifying what has traditionally been a manual and painstaking process for both asset managers and their investors and channel partners.\nDaphne enables a direct digital connection between asset managers and their investors and channel partners. Using Daphne, asset managers can digitize fund data and publish it with a click of a button to multiple channels like institutional investors, investment consultants, IBDs and RIAs. This data can be transmitted and consumed via a web-based interface or API. Daphne gives asset managers the tools to simplify and streamline fund diligence and reporting, eliminating months' worth of manual effort per fund annually1. With Daphne asset managers are prepared for the digital future of fundraising with a large and growing base of investors.\nGriffith Norville, Head of Technology Solutions at Hamilton Lane, commented: \"Hamilton Lane is deeply committed to partnering with leading technology providers to build tools for investors who seek diversified portfolios and exposure to value creation opportunities in the private markets. We are excited to partner with Daphne to seek to enable access for investors to more high-quality and timely data to help power informed investment decisions.\"\n\"We are thrilled to partner with Hamilton Lane given their proven track record of making strategic investments in high-growth technology companies in alternatives,\" said Amit Gairola, Chief Executive Officer of Daphne. \"The Cobalt partnership is transformational for Daphne and unlocks asset manager adoption of the platform.\"\nHamilton Lane's Technology ...