Business
Hamilton Lane Expands Presence in Canada
Expansion comes as assets under management and supervision on behalf of Canadian investors across evergreen and institutional strategies exceed $27.5 billion
About this update from Hamilton Lane Incorporated
[{"type":"text","content":"Expansion comes as assets under management and supervision on behalf of Canadian investors across evergreen and institutional strategies exceed $27.5 billion CAD1Firm moves to a larger office in Toronto's Financial District, strengthening its long-standing commitment to the region as a growing number of Canadian investors seek access to the private marketsTORONTO, April 10, 2024 /PRNewswire/ -- Leading private markets investment management firm Hamilton Lane (Nasdaq: HLNE) today announced it has expanded its footprint in Canada, relocating to a larger office in Toronto's Financial District to accommodate a growing team and client base as more Canadian investors seek access to the private markets.\n\nThe move comes as the firm marks five years since the opening of a dedicated office in Canada, where it has been serving clients for more than 20 years. Hamilton Lane's team in Canada has grown significantly in the past five years, enhancing its focus on investments and client support, most recently with the additions of Taylor McManus and Rob Reed. Taylor McManus joined as a Principal on the Real Assets Team, where he is responsible for originating, evaluating and executing direct, secondary and primary fund investment opportunities across Canada and the U.S. Rob Reed, a Principal on the Fund Investment team, is responsible for managing client relationships and primary fund investment diligence across the region.\nMike Woollatt, Head of Canada at Hamilton Lane, commented: \"Interest in the private markets from both institutional and private wealth investors in Canada has been notable. Institutional investors continue to see the value in the potential for higher returns and lower volatility from the private markets. At the same time, Canadian private wealth investors are actively seeking diversification away from the volatility of public markets and are searching for more robust and consistent risk-adjusted returns and more accessible structures.\"\nToday, Hamilton Lane has more than $27.5 billion CAD in assets under management and supervision on behalf of Canadian investors as of December 31, 20231. Notably, the firm now manages approximately $1.3 billion CAD on behalf of Canadian investors across its evergreen products, including the Global Private Assets Fund (GPA) and Senior Credit Opportunities Fund (SCOPE). GPA is the firm's fl...