Business
Hamilton Lane's Global Evergreen Platform Reaches Nearly $1.6 Billion in AUM in Just Over Two Years as Firm Expands Investor Access to Private Markets
- Performance across the platform was strong, with a 21.07% annualized since-inception return for Private Assets Fund ("PAF" - U.S. investors) Class I shares*
About this update from Hamilton Lane Incorporated
[{"type":"text","content":"- Performance across the platform was strong, with a 21.07% annualized since-inception return for Private Assets Fund (\"PAF\" - U.S. investors) Class I shares* and a 16.59% annualized since-inception track record** for Global Private Assets Fund (\"GPA\" - non-U.S. investors)\n - Platform reaches nearly $1.6 billion in AUM (as of 9/30/21), composed of $225 million within PAF reached in just under a year and $1.4 billion within GPA in two+ years since inception\n - Steady growth across U.S. and non-U.S. products attributed to attractive returns and wealth creation potential that the private markets can offer\n\n\nCONSHOHOCKEN, Penn., Nov. 1, 2021 /PRNewswire/ -- As strong historical performance and demand for new sources of return drive investor interest in accessing the private markets, Hamilton Lane's (NASDAQ: HLNE) global evergreen platform has experienced significant growth, standing at $1.6 billion in assets a little over two years after launching its first offering in this space.\n\n \n \n \n \n \n \n\n \nIn early 2021, the firm announced the launch of its Private Assets Fund (\"PAF\"), a closed-end investment vehicle registered under the Securities Act of 1933 and the Investment Company Act of 1940 (\"'40 Act\"), making the Fund more widely available to qualified U.S. clients, including certain individual investors, their wealth advisors, as well as institutions. PAF provides access to a diversified portfolio of private equity and private credit assets through a single investment.\nThe firm's open-ended Global Private Assets Fund (\"GPA\") launched in 2019, and is open to retail and wholesale investors in Australia and New Zealand, Canada, and parts of Europe, Asia, Latin America and the Middle East. GPA has seen strong demand to date and has experienced a steady increase in AUM since inception from individuals and institutional investors around the globe.\nSteve Brennan, Head of Private Wealth Solutions at Hamilton Lane, commented: \"We are committed to making the private markets accessible to a broader universe of investors, and enabling them to gain access to the return potential of this asset class – something that historically was out of reach for non-institutional investors. As demonstrated by the performance and growth of GPA and PAF, we're thrilled that our global platform and scale, investment expertise, and prov...