Hamilton Lane’s Private Assets Fund has returned 17.48% annualized and reached $1 billion in assets under management (AUM) in its three years since inception as of August 31, 2023. This Fund delivers a diversified private equity portfolio to qualified U.S. clients, including individual investors, their wealth advisors and institutions. PAF is seeking to eliminate some of the challenges of traditional private equity fund structures, including offering limited liquidity in the form of quarterly limited repurchase offers by the Fund.
PAF – a ’40 Act registered, continuously offered, closed-end investment vehicle – is part of Hamilton Lane’s expanding Evergreen Platform, which is one of the world’s largest with more than $4.6 billion in AUM globally.
As a multi-manager and sector-diverse vehicle with a global mix of direct equity, secondaries and private credit investments, the Fund is seeking to deliver medium and long-term capital appreciation. Backed by the firm’s 30+ years of exclusive focus on private markets, PAF aims to deliver the historically outsized returns of private markets to private wealth investors that have traditionally been offered to institutional investors.
Along with PAF, Hamilton Lane’s Evergreen Platform currently comprises the following:
1.) The Global Private Assets Fund (GPA) – which launched in 2019 and is open to high-net-worth and wholesale investors in Australia and New Zealand, Asia, Canada, Europe, Latin America and the Middle East. In total, GPA manages $3.2 billion as of August 31, 2023.
2.) The Senior Credit Opportunities Fund (SCOPE), which launched in 2022 and is open to qualified high-net-worth investors and their advisors in Canada, Europe, Latin America and Southeast Asia. In total, SCOPE manages $305.5 million as of August 31, 2023.
Hamilton Lane’s Private Assets Fund is exclusively focused on the private markets and is defined as a non-diversified fund by the Investment Company Act of 1940.
KEY QUOTES:
“For PAF to reach $1 billion in AUM just as we mark three years since its launch underscores our commitment to expanding investor access and illustrates the effectiveness of the Fund’s multi-manager, multi-strategy approach. We are proud of the growth and performance we’ve seen across the Evergreen Platform and are excited to continue building on that success.”
- Jackie Rantanen, Head of Investor Solutions
“At Hamilton Lane, we are committed to making private market investments accessible to a broader universe of investors around the world. To us that means focusing on creating high-quality, investor-driven products as well as educating and providing advisors, and in turn their clients, with the tools, resources and information they need to confidently and knowledgeably invest in the private markets. It’s important to us that, as our Private Wealth Platform grows, we can continue to guide advisors and their clients along that journey with us.”
- Steve Brennan, Head of Private Wealth Solutions
