Business
Hamilton Lane Expands Business in Australia, Appointing Head of Private Wealth
Scott Thomas joins as Head of Private Wealth for Australia Appointment comes as the firm's Global Private Assets Fund marks its four-year anniversary SYDNEY,
About this update from Hamilton Lane Incorporated
[{"type":"text","content":"Scott Thomas joins as Head of Private Wealth for Australia Appointment comes as the firm's Global Private Assets Fund marks its four-year anniversary SYDNEY, 19 June 2023 /PRNewswire/ -- Leading private markets investment management firm Hamilton Lane (Nasdaq: HLNE) today announced the appointment of Scott Thomas as Head of Private Wealth, Australia. In this newly created role, Mr. Thomas will serve the firm's high-net-worth investors (HNWIs) in the region, as investor interest in private markets continues to grow. \nHis role will also involve expanding the firm's distribution efforts and will be based in Hamilton Lane's Sydney office, which has expanded to nine professionals across Portfolio Management, Client Solutions and Operations teams.\nDemand for private markets investments in the region has risen due to historical outperformance of the asset class, structural developments that have increased accessibility, and more recently, as volatility in public markets has increased. This has seen Australian and New Zealand capital invested in Hamilton Lane's Global Private Assets Fund (\"GPA\") rise to more than A$1.5 billion in the four years since it was launched. As of April 30, 2023, the Hedged AUD share class of the Australian Feeder Fund of GPA has returned 14.65% annualized since inception.\nThe firm's open-ended GPA Fund launched in 2019 and is available to wholesale investors and advised clients in Australia and New Zealand, Canada, parts of Europe, Asia, Latin America and the Middle East. GPA's global client footprint enables non-U.S. investors access to institutional-quality private markets exposure through a single commitment. GPA seeks to provide a diversified offering, investing in mix of secondaries, direct equity and direct credit investments across geographies, industries and general partners.\nCommenting on this appointment, James Martin, Head of International Client Solutions, said, \"We are committed to bringing private markets to more Australian investors, and delighted to welcome Scott to our growing team. We seek to continue building long term relationships and serving a sophisticated and expanding set of clients throughout Australia.\n\"We are increasingly seeing high-net-worth individuals allocating to private markets in order to gain exposure to private companies which were previously inaccessible to most ...