Hamilton Lane announced a series of senior leadership changes designed to position the firm for continued growth and long-term success on a global scale. The elevation of these key professionals to take on more expansive roles illustrates the firm's strong operational foundation, investment expertise and collaborative, performance-driven culture. Andrew (Drew) Schardt will become a Vice Chairman of Hamilton Lane, while retaining his role as Head of Investment Strategy.

In both of these capacities Schardt will continue to implement executive-level initiatives while maintaining broader leadership responsibilities across the firm's global investment platform. Schardt will also step into the role of Head of Direct Equity, replacing Armbrister. Schardt has held a number of senior investment positions at Hamilton Lane, including on the Direct Equity team, where he began his 15-year career at the firm.

In addition, Hamilton Lane announced that, effective September 5, Ken Binick will join the firm as Managing Director and Head of Execution on the Direct Equity team, reporting to Schardt. Binick, who most recently served as Co-Head of the Co-Investment business at Portfolio Advisors, brings a distinguished investment track record and extensive operational, team management and transactional experience to the Direct Equity team. Richard Hope, Hamilton Lane's Head of EMEA, will assume the additional role of Co-Head of Investments, alongside Tom Kerr.

In this new capacity, Hope, who is based in London, will take on broad leadership and management responsibilities across the global investment platform. Hope joined Hamilton Lane in 2011 and has led the firm's efforts across Europe, the Middle East and Africa, playing an instrumental role in advancing Hamilton Lane's geographic expansion and in broadening its investment activities outside the U.S. Hope's continued leadership is complementary to those ongoing expansionary efforts. Nayef Perry will assume sole leadership of the firm's credit business as Head of Direct Credit, after previously serving as Co-Head alongside Schardt.

Since joining Hamilton Lane in 2013, Perry has been instrumental in building the firm's credit platform and capabilities, including management of its 25+ person global Direct Credit team. Most recently, Perry was a key driver behind the launch of the Senior Credit Opportunities Fund, an evergreen credit vehicle. His leadership mandate will include seeking new opportunities to build on Hamilton Lane's success and continue to expand its credit platform.

The changes are effective as of August 8, 2023.