Hamilton Lane’s Private Assets Fund Reaches $1 Billion AUM Milestone in Three Years

Hamilton Lane’s Private Assets Fund, a part of the company’s Evergreen Platform, has achieved a significant milestone by reaching $1 billion in assets under management (AUM) within just three years since its inception. The Fund, which offers a diversified private equity portfolio to qualified U.S. clients, has delivered an impressive annualized return of 17.48% as of August 31, 2023.

The Private Assets Fund (PAF) aims to address the challenges associated with traditional private equity fund structures by providing limited liquidity through quarterly limited repurchase offers. As a multi-manager, sector-diverse investment vehicle, PAF offers a global mix of direct equity, secondaries, and private credit investments, seeking to deliver medium and long-term capital appreciation.

Hamilton Lane’s Evergreen Platform, with over $4.6 billion in AUM globally, has been instrumental in the growth and success of the Private Assets Fund. The platform, backed by Hamilton Lane’s 30 years of expertise in private markets, aims to offer private wealth investors the historically outsized returns that were traditionally available only to institutional investors.

Jackie Rantanen, Head of Investor Solutions at Hamilton Lane, expressed pride in the Fund’s growth and performance, emphasizing the commitment to expanding investor access. She highlighted the effectiveness of the Fund’s multi-manager, multi-strategy approach and the continued focus on building on the success of the Evergreen Platform.

Steve Brennan, Head of Private Wealth Solutions, emphasized Hamilton Lane’s dedication to making private market investments accessible to a broader universe of investors worldwide. He emphasized the importance of creating high-quality, investor-driven products and providing advisors with the necessary tools and resources to confidently invest in the private markets.

Hamilton Lane, a leading private markets investment firm, has been providing innovative solutions to institutional and private wealth investors for over 30 years. With offices across North America, Europe, Asia Pacific, and the Middle East, the firm manages nearly $818 billion in assets under management and supervision.

The achievement of reaching $1 billion in AUM by the Private Assets Fund showcases Hamilton Lane’s commitment to delivering strong performance and expanding investor access in the private markets. As the company’s Evergreen Platform continues to grow, Hamilton Lane aims to guide advisors and their clients on their investment journey.

For more information on Hamilton Lane’s Evergreen Platform and the Private Assets Fund, please visit their website.