Hamilton Lane Announces Launch of the Hamilton Lane Private Assets Fund
January 07, 2021 at 12:00 pm
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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.
Hamilton Lane Incorporated is a private markets investment company providing solutions to institutional and private wealth investors around the world. The Company offers a variety of investment solutions to address its clients' needs across a range of private markets, including private equity, private credit, real estate, infrastructure, natural resources, growth equity, venture capital and impact. These solutions are constructed from a range of investment types, including primary investments in funds managed by third-party managers, direct investments alongside such funds and acquisitions of secondary stakes in such funds, with a number of its clients utilizing multiple investment types. These solutions are offered in a variety of formats covering some or all phases of private markets investment programs, which include customized separate accounts, specialized funds, advisory services, distribution management, and reporting, monitoring, data and analytics.