| Hamilton Lane Inc. | |
| Type: | Public |
| Industry: | Financial services |
| Founder: | Leslie Brun |
| Location: | Conshohocken, Pennsylvania, U.S. |
| Key People: | Hartley Rogers (chairman) Mario Giannini (CEO) |
| Net Income: | US$227.21 million (2024) |
| Aum: | (March 2024) |
| Assets: | US$1.27 billion (2024) |
| Products: | Fund of funds Private equity Secondaries Equity co-investment Growth equity Venture capital Private credit Real assets |
| Revenue: | US$451.94 million (2024) |
| Num Employees: | 700 (2024) |
| Equity: | US$675.96 million (2024) |
| Footnotes: | [1] [2] |
Hamilton Lane Inc. is an American alternative investment management and advisory company headquartered in Conshohocken, Pennsylvania. The company provides private markets investment solutions to its clients.
In 2020, Preqin ranked the firm as the third largest fund of funds globally with $65 billion in assets under management.[3]
The company has 22 offices globally and has offices in North America, Europe, the Middle East and Asia-Pacific.[4]
Hamilton Lane was founded in 1991 by Leslie Brun. It was originally formed as a private equity advisory firm for large public pension plans.[5] [6] [7]
In 1998, the company added separately managed account and fund of funds investment management services. On November 18, 2004, Hamilton Lane acquired The Richcourt Group, a fund of hedge funds manager from Citco as the company continued to expand its product offerings and services.[6] [8]
In 2000, Crédit Lyonnais acquired a 24.9% stake in Hamilton Lane. In December 2003, Hamilton Lane sold 40% of the company to a group of outside investors which included Hartley Rogers (who is now the company's chairman) and Cascade Investment. In May 2006, another investor group which included Rogers, Cascade Investment and Credit Agricole (who had acquired Crédit Lyonnais in 2003), acquired Brun's 12% stake in Hamilton Lane. In February 2012, Hamilton Lane used a $165 million senior secured loan from Goldman Sachs to buy back Credit Agricole's stake in the company.In July 2015, Hamilton Lane bought back Cascade Investment's stake in the company making it majority employee-owned again.[9] [10] [11]
On February 2, 2013, Hamilton Lane acquired Shott Capital Management, a San Francisco-based separate accounts manager and provider of distribution management services.
In December 2013, Hamilton Lane announced its intention to acquire Paul Capital. However, by February 2014, Hamilton Lane dropped interest in the acquisition after a series of negotiations.[12] [13]
On March 1, 2017, Hamilton Lane held its initial public offering becoming a listed company on the Nasdaq and raising $200 million. It was priced at $16 on its debut and closed 12.6% up at end of first day of trading.[14]
On June 20, 2017. Hamilton Lane acquired Real Asset Portfolio Management LLC, a Portland-based real assets investment and consulting firm.[15]
On January 28, 2021, Hamilton Lane acquired 361 Capita, a Denver-based long/short equity fund manager.
On March 30, 2021, Hamilton Lane acquired a $90 million stake in Russell Investments.[16]
In October 2022, Hamilton Lane announced it would tokenize three of its funds in a partnership with Securitize, Inc. using the Polygon blockchain.[17]
Most of the company's business involve providing investment advisory services to its clients by helping develop and implement their private markets investment programs. However the company also performs direct investments in assets classes such as fund of funds, private equity, private credit and real assets.