Hamilton Lane announced the launch of the Hamilton Lane Private Assets Fund (‘PAF’ or the ‘Fund’), a closed-end investment vehicle registered under the Securities Act of 1933 and the Investment Company Act of 1940 (‘’40 Act’). This registration makes the Fund more widely available to qualified U.S. clients, including certain high-net-worth (‘HNW’) investors and their wealth advisors, who now have access to a diversified, institutional-quality portfolio of private equity and private credit assets through a single investment. The Fund is a multi-strategy vehicle that seeks to generate capital appreciation over the medium and long term. As an evergreen product, PAF allows for monthly subscriptions and intends to offer a quarterly tender to provide limited liquidity. The Fund will aim to invest in a mix of secondaries, direct investments and co-investments in credit and equity across geographies, industries, vintages and general partners. Compared to traditional private market offerings, the Fund features a lower minimum investment of $50,000 and simple 1099 tax reporting, targets fee-efficient investments, and provides the potential for attractive risk-adjusted returns and limited administrative burden. Hamilton Lane seeded the Fund with $30 million from the firm’s balance sheet, alongside an additional $100 million in capital from an anchor investor. PAF is Hamilton Lane’s latest evergreen product offering and first available to certain qualified U.S. investors. Hamilton Lane seeded the Fund with $30 million from the firm’s balance sheet, alongside an additional $100 million in capital from an anchor investor. PAF is Hamilton Lane’s latest evergreen product offering and first available to certain qualified U.S. investors.