Hamilton Lane and The Guardian Life Insurance Company of America announced a long-term partnership through which Hamilton Lane will manage Guardian’s existing private equity portfolio of nearly $5 billion. As part of the partnership, Guardian plans to commit approximately $500 million per year to private equity investments over the next decade through Hamilton Lane, maintaining its historical annual allocation while supporting general account targets.
The commitment includes $250 million in seed capital for new Evergreen initiatives aimed at expanding Hamilton Lane’s Global Evergreen Platform. Guardian’s general account is expected to gain access to a wider range of private markets investment opportunities across primary, co-investment, and secondary strategies. As part of the arrangement, Guardian will receive equity warrants and other financial incentives aligned with the partnership’s value creation goals.
The collaboration is expected to enhance Hamilton Lane’s Insurance Solutions platform, which currently supports insurers with customized private markets strategies through proprietary data, scale, and structuring capabilities. The agreement also includes a partnership with Park Avenue Securities, Guardian’s dually registered broker-dealer and registered investment adviser. Hamilton Lane will support PAS in providing investment solutions, strategic guidance, and educational resources to its network of over 2,400 financial advisors, representing approximately $58.5 billion in client assets.
For Guardian, the agreement reflects a continued evolution of its long-term investment strategy, expanding access to private markets as part of efforts to support policyholders and customers. The partnership is expected to close at the end of the fourth quarter of 2025. Guardian investment professionals currently managing the private equity portfolio are expected to join Hamilton Lane following the closing, adding further insurance-focused expertise to the firm.
KEY QUOTES:
“We are excited to announce this strategic and innovative partnership with Guardian, a firm that embodies our values of putting our clients’ needs first and long-term commitment to delivering high-quality solutions to those we serve. This partnership is a testament to the strength of our Insurance Solutions platform and the trust we’ve built with leading institutional investors.”
Erik Hirsch, Co-CEO at Hamilton Lane
“We’ve been deliberate in building partnerships that align with our purpose and deliver meaningful value to our policyholders. Partnering with Hamilton Lane allows us to enhance our investment and wealth management capabilities while supporting the financial well-being of our customers and policyholders through innovative, long-term strategies.”
Andrew McMahon, Guardian Chairman and CEO
